10 Apr 2020
Extended term for filing tax declarations on income from individual activity
8 Jun 2012
On 1 May 2012 the Parliament of the Republic of Lithuania passed the amendment on the Law on the Associations of Multi-Family Apartment House Owners establishing that it applies not to the regulation the management of multi-family apartment house owners only, who hold the property belonging to them by the right of common ownership, but also to other common ownership facilities (garages, holiday homes, etc.).
The current legislation sets out new rules relating to the activities of multifamily apartment house owners’ association and determining that it is a limited liability non-profit organization, that the founders of such association can be multi-family apartment house owners or owners of other common ownership facilities, and prohibiting the establishment of more than one association in each house.
Pursuant to the amendments, disputes arising between the owners of multi-family apartment house or other common ownership facilities owners and the management or other organs (their members) of the associations will be passed to the commission of the association or individual person hearing the dispute if elected in the manner prescribed by law.
The new changes will come into force on 1 July 2012.
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