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Tag: Owners associations

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Law promulgated: Owners associations obliged to issue receipts of the divided maintenance expenses

The Law is to be published in the Official Gazette and then will enter into force. In accordance with the provisions of the Law, in art. 10 of Law no. 230/2007 regarding the incorporation, organization and operation of Owners associations, published in the Official Gazette of Romania, Part I, no. 490 of 23 July 2007, […]

laptop lawyer property law

Obligations of the Owners Associations. Failure to perform generates fines of up to 3,000 lei

The Meeting shall be convened by the president or the executive committee of the association. Not convening the ordinary general meeting at least once a year, in the first quarter, constitutes an offense, punishable by a fine of 500 to 3000 lei, according to Law no. 230/2007 regarding the organization and operation of Owners Associations. […]