25 Jan 2008 9:39 PM:

For anyone still reading this post and who needs to know, this Barclays advice is useful:

http://www.business.barclays.co.uk/BRC1/jsp/brccontrol?site=bbb&task=articlegroup&value=6537&target=_self

 

 

IBAN - International Bank Account Number

International Bank Account Numbers (IBANs) were introduced in 2001 to provide a standard format for account numbers across Europe, to improve the quality of information exchanged between parties involved in European cross-border payments to help minimise errors and delays. To ensure all parties involved in European cross-border payments gain the benefits available from the use of IBANs, European directives have been passed to enforce their use. With effect from 01/01/2006, you must provide the beneficiary's IBAN and receiving bank SWIFTBIC (Bank Identifier Code) for all International Payments in Euros to EU Member States (25 countries), Iceland, Liechtenstein, Norway and Switzerland in accordance with the European Directives. You and your European trading partners may also benefit from reduced charges for payments in Euros between EU Member States if a valid IBAN is quoted in your payment instruction in conjunction with the beneficiary bank's SWIFTBIC. When you are the beneficiary of a cross border payment from Europe, as well as providing the payer with your IBAN you must also tell them Barclays' SWIFTBIC (Bank Identifier Code) which is BARCGB22. This essential code tells the overseas Bank that this is the UK Barclays address to receive your funds. You will find your IBAN for your Barclays account on your bank statements. You can also use this site to generate an IBAN* for your Barclays UK accounts. We will not charge you for processing payments received from EU Member States in Euros for €50,000 or less (effective from 01/01/2006) if they contain your IBAN and SWIFTBIC details. There is currently no requirement to use IBANs for Domestic Payments (i.e. payments within a particular country).

 

Thread: How long is an Account Number ?

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25 Jan 2008 12:00 AM:

I bought apartments in Fuerteventura last June 2007. I have arranged a bank standing order to pay community fees and I am up to date. At the AGM in December, I had apppointed a local agent as my representative with legal letter and copy of my passport to represent my interests, and also asked a lawyer to attend the AGM to take initial notes ready for future legal action.  The community president said that most attendees (except him and his vice-president) were not entitled to vote because they had not paid their water rates or their community fees up to date.  I have been asking (by formal letter in October, and twice before) for receipts for payment of community fees,anda breakdown of any other fees due like water rates, and I have not received a reply- just a hand written amount of what is owed, without dates or description. I have not yet received receipts acknowledging payment of community fees from June to December 2007.

I have read the English translation of the Spanish Horizontal Property Act.  Along with many other UK investors, we jointly own 30 apartments at this complex, and require proxy or direct agreement of a minimum of owners of 75 apartments to call an EGM to reappoint a new President.  I have asked for, but not been given, accounts for any period of management for the last five years by this President and his administrator.  My agent  and lawyer left the meeting when one owner got so irate he wanted to punch the President in the face, and in fact next day, my colleague saw him at the Police Station with a broken nose.

I'm not in a hurry to do this, but some time in 2008, I want to go through the proper procedure to be able to see what this President and administrator are doing with the community fees funds, and bring them to account.

Any advice about what I can do, or the right sequence to go about getting this community management changed, will be gratefully appreciated.  I've asked two lawyers in Fuerteventura, and also two agents, and they don't seem to be able to know what I can do, and to what effect.

 

 

 

Thread: Advice on obtaining rightful information from community management

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