[Cliff277]

Originally Posted by thepupp1e

Hi
We also queried this with IPI. We are in the rental agreement and we were told that the utilities charge was likely to be in the region of 10 Euros per month. Both the fixed charge and the utilities charge will be deducted from the gross rental income by the management company before it is distributed to the owners.

Hi All
Regards the Water and Electric charges I have just queried it again with Sue Lovett at IPI
And here is her reply.

Article 6 Revenues and charges
All annual costs, such as maintenance, service, insurance, joint facilities, local taxes and the like, shall be borne by the developer if the buyer uses the letting agreement under Article 3. If the letting agreement no longer applies, the costs shall be borne by the buyer. These costs are € 70,00 per month. Beside these fixed monthly costs the costs for the consumption for electricity and water will be invoiced to the owner. These costs will be invoiced yearly. Both the fixed and variable costs are due to yearly inflation and indexation by governmental increases.

Therefore, if you are take out the rental agreement the management company is responsible for electric and water.

Kindest regards,
Sue Lovett
IPI International Property Investors bv
IPI International Property Investors UK Limited

Cliff