Maintenance Fees. Condominium Act etc

alanjolly65 · 2025-08-18T21:36:11+02:00

Explore maintenance fee issues in Bulgaria's aparthotels. Share experiences, find advice, and learn about owner rights and financial transparency.

alanjolly65 Member

Member since 02 September 2021

alanjolly65MemberYesterday 19:36:11

I have owned an apartment in an aparthotel since 2010. It seems that over recent years, a number of Apartments have now been sold.

I have paid my fees 鈧�12 /sqm since 2010.

Since that time, I really can't see where much of the funds have been spent.

I have never had an invitation to a annual meeting or seen any financial accounts.

I have no idea how many owners there are (I know about 40) but there are around 200 apts.

When I bought the apartment, the fees went to the company who sold me the apartment but the bank accounts have changed 3 times since. I have no idea who owns the hotel. I guess I could try to find out from the maintenance manager (who sends out the invoice) No new maintenance agreements have been issued or signed.

There are quite a few disgruntled owners but not enough to take on a battle.

My questions are:

Is there any information accessible in the public domain?

If the hotel is still the majority owner, is there much we few could do in any case?

Any advice from anyone who has found themselves in a similar situation?

The easy option seems to be continue as is and save myself any unnecessary stress but I am interested in others opinions

Thanks!

gwynj Bulgaria Expert

Member since 30 June 2020

gwynjBulgaria ExpertToday 05:44:27

2488

@alanjolly65

I'm hardly an expert... but I won't let that stop me... :-)

12 euros / m2 is pricey today, let alone back in 2010! But, today, it's merely a bit high, rather than massively outrageous (as perhaps it was in 2010).

Usually, the admin have accounts (or simple summary of income/expenditure) and will share them with owners if you ask nicely. But I doubt you can easily compel them to, if they say no.

My answers are "no, not much, if anything" and "no, not much, if anything". I think you should, as you suggest, minimize your stress and live with the situation... if you enjoy your apartment, and the place has value, and you can afford the fees. If you're really upset with the place, then sell it and move on. However, prices have increased a lot, so you might be disappointed by how much you'd have to pay to get a similar apartment elsewhere... and the maintenance fees might not be much lower either, especially when you have a pool.

You should also take a look at your building. If it looks clean and well cared for (nice facade and roof, common areas) then the money is being (mostly, at least) spent on your complex. There are buildings with small/no maintenance fees, but not if they have pools... and they (inevitably) look very tatty after a few years.

TonyFF Serial 暗网禁区

Member since 04 October 2023

TonyFFSerial 暗网禁区Today 12:43:21

247

Buying in Bulgaria( or anywhere in the world)聽 an聽 apartment in聽 an aparthotel is a very risky business.( I personally prefer to have my own land/house and not to pay anyone any dues )聽

I recently looked at an apartment to buy for my mother-in-law in a gated community. The place/the owner were shady to say the least. Elevators did not work, the pool was empty and there were all kinds of fees for the residents. The place looked abandoned. It was a bad arrangement, period. Probably real estate mafia owned.

My advice is to sell the place and move to an apartment building that is not in an aparthotel/or in a聽 gated community. I see聽 in Bulgaria some nice 3-4 story聽 new apartment buildings with only one apartment on each floor. Those are聽 ok and聽 the plus is :there will be small dues for common areas only. Or alternatively sell the place and get yourself a聽 small house in a village. Either way If I were you I would get out of there.