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As the name suggests, Joint owners meeting This is a space where decisions are made related to horizontal attributes.
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Colombian regulations, By Law No. 675 of 2001states that the co-owners of a building or complex must hold a meeting at least once a year on a date specified in the regulations. If nothing is specified, it must take place within three months after the end of each budget period.
In fact, failure to attend this meeting could result in sanctions. The same criteria divide them into three categories: Social sanctions, monetary sanctions and restrictive sanctions.
However, these restrictions can be imposed only if errors are anticipated in the internal regulations of the horizontal property and procedures have been established to ensure due process, the right to defence, the possibility of contradiction and challenge.
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Residential
(See: What are your options for buying your own home if you earn minimum wage?)
What if you are unable to attend
To avoid fines, there are some alternatives to consider If you are unable to attend one of these meetings.
First, you can give power of attorney to another person to represent you in the same council. This person can be Family members, friends or neighbours. If you grant this authorization, please do not forget to include the owner’s information, the person who will attend the meeting in your place, and the authority given to you to attend the meeting.
Another less common option is to attend the gathering virtually. However, you should ask your building or residential complex administrator how to do this.
Remember that in both cases, management must be informed in advance so that they can take your absence into account. You can do this by phone, email, in person, or in writing.
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