A
not-for-profit Association, founded in the Netherlands in
October 1981, and also registered in Portugal since August
1992.
We
provide a forum for the discussion of the common interests
of the property Owners, and we are recognised by the
incumbent Management as representing the Owners interests.
Specifically,
we negotiate and are a party to the annual "Management
Contract", which provides a source of income for those
Owners who wish to rent out their properties; and we
have the right to audit the income received. At the
same time, we also represent the interests of all
other Owners, including residents, and those
who prefer not to let out their properties.
We
hold our Annual Meeting, usually every March, in either the
Netherlands or the UK; and we have also
facilitated formal meetings at Quinta do Paraiso in each
November, 1994, 1995 and 1997, in accordance with the
Portuguese law concerning "aldeamenta turistica".
More recently, it has been clarified that this legal status
does not apply to Quinta do Paraiso, and we await a
proposed constitutive title for "touristic apartments" with
interest, particularly as this may impact on Owners rights
and costs, and on the flexibility of letting
arrangements.
The association is funded by an annual subscription,
currently euros 45. Our previous funding, by deduction of a
small percentage of Owners' rental incomes, has been
suspended since 1999, as our costs have declined, thanks to
the largely harmonious relationships now in force; whereas
in 1993/4, the Association directly secured Esc. 20,5
million (=euros 102,250) of funds on its members' behalf,
following bankruptcy of the previous management company.
For more
information, or to join, please contact the Secretary of
the House Owners Association:
dsiccama@home.nl