Supreme Court warns that debts from defaulting neighbours expire sooner than expected
A ruling by the Supreme Court establishes shorter limitation periods for claiming debts from defaulting neighbours in community property owners' associations.
The Supreme Court has issued a ruling that directly affects community property owners’ associations with defaulting neighbours, one of the main problems in residential buildings.
The resolution establishes that the limitation period for claiming debts from unpaid community fees is shorter than many communities believed, which could make it difficult to recover amounts owed if action is not taken swiftly.
Property and community administrators must pay close attention to these new legal criteria and act within the established deadlines to prevent debts from expiring and becoming uncollectable.
This judicial decision represents an important warning for all communities in the province of Alicante that maintain open proceedings against defaulting owners.
Source: informacion.es
Related news
- PropertyBenferri rescues urbanisation abandoned since 2006 to build 370 homes and grow by 44%
The small Vega Baja municipality recovers a town planning project paralysed twenty years ago next to the rambla de Abanilla, despite requiring million-euro investment.
- PropertyPrice of beach flats in Alicante rises 8% for this summer
Spending a week's holiday on the Alicante coast will be more expensive than ever this year, with an 8% increase in the price of beach flats.