On Wednesday 6 October 2021, Royal Decree-Law 19/2021, of 5 October, on urgent measures to boost building refurbishment activity in the context of the Recovery, Transformation and Resilience Plan, was published in the Official State Gazette and came into force.
This Royal Decree includes, among others, an amendment to the Horizontal Property Law (LPH) with the aim of making it easier for community of owners to take decisions and potentially obtain financing when it comes to actions that contribute to improving the energy efficiency of the building.
Following the amendment, it is reaffirmed that any adoption of an agreement in this sense will only require a simple majority and will be binding on all owners. It also relaxes the conditions for a community of owners to be eligible for external financing.
