Where does this come from, and when was it checked?

The quotation is from Ley 675 de 2001, art. 35, at the official source linked on this page. It was last checked against that source on October 2, 2026.

Legal reference

Reserve and repair fund rules in Colombia

Short answer

The legal entity of every complex must set up a fund for unforeseen obligations or expenses (fondo de imprevistos), built and increased with a surcharge of at least 1 per cent on the annual budget of common expenses and with the other income the assembly considers appropriate. The assembly may suspend collection when the fund reaches 50 per cent of that year's ordinary budget.

What the law says

Original wording of the law (Spanish). The summary and the notes around it are ours.

La persona jurídica constituirá un fondo para atender obligaciones o expensas imprevistas, el cual se formará e incrementará con un porcentaje de recargo no inferior al uno por ciento (1 %) sobre el presupuesto anual de gastos comunes y con los demás ingresos que la asamblea general considere pertinentes.

Provision: Ley 675 de 2001, art. 35 · Official text

Last verified: October 2, 2026

Also relevant

La asamblea podrá suspender su cobro cuando el monto disponible alcance el cincuenta por ciento (50%) del presupuesto ordinario de gastos del respectivo año.

Provision: Ley 675 de 2001, art. 35, inciso 2 · Official text

What this means in practice

The administrator may use the resources with the assembly's prior approval where it applies and as the horizontal property regulation provides. Extra extraordinary assessments on top of the surcharge can be approved only when the fund is not enough. For social-interest housing buildings of five units or fewer, the fund is optional.

General information, not legal advice. Check with a lawyer in Colombia before relying on it, and read your building's own documents: they can change how a rule applies.

Where Unitify fits

Unitify keeps a balance per unit and records each contribution against the right unit. The size of the fund and what it may be spent on come from the law above and from the owners' decisions.

How this works in Unitify

Questions and answers

What does the law say about the reserve or repair fund in Colombia?: The legal entity of every complex must set up a fund for unforeseen obligations or expenses (fondo de imprevistos), built and increased with a surcharge of at least 1 per cent on the annual budget of common expenses and with the other income the assembly considers appropriate. The assembly may suspend collection when the fund reaches 50 per cent of that year's ordinary budget.
Where does this come from, and when was it checked?: The quotation is from Ley 675 de 2001, art. 35, at the official source linked on this page. It was last checked against that source on October 2, 2026.

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