Mike and Carol asked this question before, but does anybody know where the €1,200 for setting up an Owners Association goes? Is it just being swallowed up by the developer or does it go into a separate bank account? There doesn't seem to be any sign of the developer setting it up. I guess it's because strictly speaking they would have to pay that amount for all the unsold appartments since they are the owners, so they will delay it as long as possible. They seem to be struggling to sell the remaining appartments so we may have to wait a long time - or are they legally obliged - and when?
Vera