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STATUTES OF THE COMMUNITY OF OWNERS "COLON 1" Nov 2020  1.- GENERAL RULES  ARTICLE 1.- These regulations regulate, as a complement to the constitutive title and the applicable legal provisions, the ownership of the private and common elements that make up the building called "COLON 1", located in the "PLAYA DE LAS AMERICAS urbanization  ", municipality of ARONA, Tenerife.  Its precepts oblige each and every one of the owners of the different apartments, commercial premises and garages, into which the building is divided, without exception and automatically, from the moment they acquire the property: of any of said apartments, commercial premises  and garages.  ARTICLE 2.- The purpose of this regulation is to regulate the use, exploitation and enjoyment of the community services for a harmonious coexistence between its residents and the good governance of the Community in which they are integrated.  ARTICLE 3.- The Community will have its domicile for all purposes in the building itself and its duration will be indefinite.  ARTICLE 4.- The "COLON 1" building is made up of 52 apartments, 6 commercial premises and 27 garages, each of which are affected by its corresponding participation quota, and as common places and areas, without prejudice to others that  can be established,    they are indicated: swimming pools, gardens, stairs, corridors, services, etc.  II OF THE COMMUNALS - OWNERS  RIGHTS AND OBLIGATIONS  ARTICLE 5.- The owners of the property that make up the Community and constituted in session form the General Meeting of the Community, with the powers conferred by the present statutes and the current legal provisions.  ARTICLE 6.- The obligations of each owner will be:  to).  - Respect the general facilities for the benefit of another owner or the Community included in your apartment or business premises.  b).  - Maintain your own apartment, commercial premises or garage and private facilities in good condition, in terms that do not harm the Community or the other owners, compensating the damages caused by your carelessness or by the people for whom you must respond.  Consent in your apartment, commercial premises or garage, the repairs that the property service requires, allowing the easements required by those common services of general interest.  Allow entry to your apartment, business premises or garage for the purposes provided in the previous sections.  e) .- Contribute according to their participation quota established in their property title or the provisions of these Regulations or resolutions adopted by the General Meeting of Owners, to general expenses, for the adequate  support of the property, its services, taxes, charges and responsibilities, which are not subject to individualization.  The payment of the participation fee that is established will be subject to the apartment, commercial premises or garage, whatever its current owner and the acquisition title, as determined by the Law.  f) Observe due diligence in the use of the property and in its relations with the other owners and answer to them for the infractions committed by those who occupy their apartment, commercial premises or garage, without prejudice to the direct actions that proceed.  As for apartment owners, notify the Community of the transfer of the use or enjoyment of their apartment by any title, leaving the assignee subrogated in their obligations and the owner deprived of his right to use common services during the term of  the assignment.  h) .- Accept, and compulsorily, to carry out the position assigned to him by the General Meeting of Owners in the Board of Governors, except in justified cases, at its discretion.  Respond to said board of its management.  ARTICLE 7 - The rights of each owner will be:  a) Attend with voice and vote (according to article 15 of the Horizontal Property law) the General Meetings that are called and to be elected and carry out the management positions assigned to him by the General Meeting.  The Owners who at the time of the start of the Meeting were not up-to-date in the payment of all overdue debts with the community and have not judicially challenged them or proceeded to the judicial or notarial consignment of the amount owed, may participate in their  deliberations, although they will not have the right to vote.  The minutes of the meeting will reflect the owners deprived of the right to vote, whose person and participation quota in the community will not be computed for the purposes of reaching the majorities required in this Law.  b) The owners who at the time of the start of the Meeting were not up to date in the payment of all the overdue debts with the community will not be able to present themselves for President or any position of the Board of Directors, even after having judicially challenged them.  c) Use and enjoyment of swimming pools, gardens, reception and other common facilities of the "COLON 1" buildings, the use of which will be regulated, where appropriate, by the Governing Board.  The garages and premises do not have the right to use the pool.  III OF THE GENERAL MEETING OF OWNERS  ARTICLE 8.- The sovereign and supreme body for the Government and administration of the Community is the General Board of Owners, which will meet at least once a year to approve the budgets and accounts, being able to meet also, when the  president or requested by more than a quarter of the owners who represent at least 25 percent of the participation quotas.  ARTICLE 9.- The General Meeting will be chaired by the President of the Community, or whoever takes his place, acting as Secretary of the Community, or who the Board itself designates.  ARTICLE 10.- The meeting will be called by the Chairman and, failing that, the promoters of the meeting, indicating the matters to be discussed, the place, day and time when it will be held first.  in his case, in second call, practicing the summons in the form established in the LPH.  The call will contain a list of the owners who are not up-to-date in the payment of overdue debts to the community and will warn of the deprivation of the right to vote if the cases provided for in the LP occur.  If the majority of the owners who represent, in turn, the majority of the participation quotas do not attend the meeting of the Board, a second call will be made, this time without being subject to a quorum.  The Board will meet on second call at the place, day and time indicated in the first summons, and it may be held on the same day if half an hour has elapsed since the previous one.  The summons will be in writing at the address designated by each owner, failing that, in the apartment or premises belonging to him or by electronic means.  ARTICLE 11.- The call for the annual ordinary General Meeting will be made, at least, fifteen days in advance, and for the extraordinary ones, with which it is possible so that it can reach the knowledge of all interested parties.  The Board may validly meet, even without the call of the president, provided that all the owners attend, and so decide.  ARTICLE 12.- The following powers correspond to the Ordinary General Meeting:  a) Examination and approval, where appropriate, of the accounts of the previous year.  b) Approval of the budget of foreseeable common income and expenses for the current year.  Reform the statutes and internal regulations of the community.  c) Transfer of said budget among the owners  by its coefficient of participation.  Establishment, if so agreed, of the amounts necessary to form or nurture a reserve fund established by law.  Consider and approve, where appropriate, the execution of extraordinary works and of reform or improvement, as well as to collect for their realization, indicating the deadlines in which they must be made, the corresponding disbursements.  f) Appoint and remove the people who hold the positions   President and Secretary-Administrator of the Community and Members of its Governing Board, resolving the claims that the owners of apartments, commercial premises and garages may formulate.  g) Know and decide on other matters of general interest to the Community, agreeing on the necessary or convenient measures for the best common service.  ARTICLE 13.- The Extraordinary Meeting may be called for the following matters:  a) Any emergency that may occur  b) Any other matter that is submitted to its deliberation  or that the Board itself agrees to consider.  ARTICLE 14.- Attendance at the Meeting of Owners will be personal, or by legal or voluntary representation, sufficient to prove, a written signed by the owner.  If it is found in usufruct, attendance and vote will correspond to the bare owner, who, unless otherwise stated, will be understood to be represented by the usufructuary.  ARTICLE 15.- The resolutions of the General Meeting of Owners shall comply with the following rules:  a) .- Unanimity will be required for the validity of the agreements that imply approval or modification of rules contained in the title of the property or in these statutes.  Owners who, duly summoned, have not attended the Meeting, will be notified in writing or by electronic means of the adopted resolution and if within a month, from said notification, they do not express their disagreement in the same way, it will be understood  bound by the agreement, which will not be enforceable until the expiration of said term, unless before its term the non- attending the Meeting express their agreement.  b) .- For the validity of the other agreements on first call, the vote of the total majority of the owners will suffice, who, in turn, represent the majority of the coefficients of the owners.  On second call, the resolutions adopted by the majority of the attendees will be valid, provided that it represents, in turn, more than half the value of the fees of those present.  c).  Owners who have saved their vote at the meeting, those absent for any reason and those who have been unduly deprived of their right to vote shall be entitled to challenge these resolutions.  To challenge the agreements of the meeting, the owner must be up to date in the payment of all the debts due with the community or proceed previously to the judicial consignment of the same.  This rule will not be applicable to the challenge of the agreements of the meeting regarding the establishment or alteration of the participation quotas.  ARTICLE 16.-  a).  The action to challenge the meeting or the resolutions adopted will expire three months after the resolution is adopted by the Meeting of owners, except in the case of acts contrary to the Law or the Statutes, in which case the action will expire one year.  For absent owners, said term will be computed from the communication of the agreement in accordance with the procedure established in article 9 of the LPH.    b).  The challenge of the resolutions of the Board will not suspend their execution, unless the Judge so provides, with a precautionary nature, at the request of the plaintiff after hearing the community of owners.  ARTICLE 17.- The agreements will be collected in a Book of Minutes numbered and stamped by the Arona Property Registry.  In the Minutes that are drawn up, it will be stated in addition to the date, time and place of its celebration, the circumstance of whether the Meeting has been held on first or second call, and, necessarily, the names of the attendees and the names of the  represented.  It must be signed by the Chairman of the Board and by the Secretary of the same.  IV OF THE BOARD OF GOVERNMENT  ARTICLE 18.- The Governing Board shall exercise all the powers of representation, direction, administration and oversight of the Community, in matters that concern the Community as a whole, except for the General Meeting, or that it collects for itself.  Apart from this generic delegation of powers, the Governing Board may know and resolve in all those matters whose delegation, as it is not expressly prohibited by the Law or these Regulations or Bylaws, is granted by the General Meeting, by virtue of a valid resolution  Regulatory adopted.  ARTICLE 19.- The Community Governing Board will be made up of a President, a Vice President and an Administrative Secretary, as specific positions and from three to five members.  ARTICLE 20.- The Governing Board will meet when called by the President, on his own initiative or at the request of any of its members.  The meetings will be held at the Community domicile or at the place designated by the President, and calls must be made sufficiently in advance to ensure the attendance of the Board members and ensuring that the meetings are held in a compatible place and time.  with their activities.  ARTICLE 21.- The governing board may meet and may adopt resolutions.  ARTICLE 22.- The Governing Board may delegate, in whole or in part, the powers that correspond, or that it has delegated in turn, to the person or persons it deems appropriate, well, with the exceptions and exclusions established by the Law, the Board  General.  V FROM THE PRESIDENT AND VICE PRESIDENT  ARTICLE 23 The President of the Community, as well as the other positions of the Governing Board, will be elected by the General Board.  The president will be appointed from among the owners, by election, or, alternatively, by rotating shift or lottery.The appointment will be mandatory, although the designated owner may request his release from the Judge within the month following his access to the position, invoking the reasons  who assist you for it.  The Judge, through the procedure established in art.  17.3 of the LPH, which is none other than that of equity, the appropriate thing, designating in the same resolution the owner who would substitute, if applicable, the President in office until his new appointment is made within the term that  is determined in the judicial resolution.  Likewise, the Judge will be consulted, through the aforementioned procedure, whenever it is impossible for the board to appoint the President of the community.    ARTICLE 24.- The President shall represent the Community in court and out of it, in all kinds of acts and contracts that affect him or in which it has an interest, being empowered to grant in favor of people who belong or not to the  Community, the precise powers to manage its business and affairs.  ARTICLE 25.- The President, in addition to the obligations that may derive from other precepts of these Statutes, will have especially those of:  a) Order and monitor compliance with the resolutions adopted at the General Meeting of Owners and by the Governing Board.  b) Take care of the strict application of everything provided in these Regulations, and in general, monitor all matters, of whatever kind, that refer to or are related to the property for its better conservation, better functioning of services and  more adequate development of the life of the Community.    ARTICLE 26.- According to the literal tenor of art.  13.4 of the LPH, corresponds to the Vice President, to replace the President in cases of absence, vacancy or impossibility of the latter, as well as to assist him in the exercise of his functions in the terms established by the Board of Owners.  Finally, it should be noted that, as is the case with the President, his condition as owner is a basic requirement, so that otherwise any act carried out by the aforementioned Vice President will be subject to legal challenge.  VI OF THE SECRETARY - ADMINISTRATOR  ARTICLE 27.- The position of Secretary-Administrator will be appointed by the Ordinary General Meeting of owners, and must necessarily fall on a member of the College of Administrators of Estates of Santa Cruz de Tenerife.  ARTICLE 28.- The following shall be the powers and obligations of the Accountant Secretary, apart from those that may be indicated by the Board of Owners and the Government Board:  a) Raise the minutes of the meetings held by the Board of Owners, reflecting in them the resolutions that are adopted.  b) Transcribe said minutes, once approved, to the minute books, which must be foliated and stamped by the Arona Property Registry.  It will also take care of properly preserving these books.  The minutes transcribed to the books must be signed in any case by the President and the Secretary-Administrator.  c) Issue, with the approval of the President, certifications of the resolutions adopted by the General Meeting and the Governing Board.  d) To ensure the proper regime of the property, its facilities and services and to issue, for this purpose, the appropriate warnings to the owners at the request of the Governing Board.  e) Present to the Governing Board, for its approval, the balance of the previous year, and budget of expenses and income for the current annuity.  The supporting documents will be with the administrator.  Any owner may request to see them, in writing, being at his / her expense the expenses originated by such request.  If the budget of expenses and income is approved by the General Meeting, the effects of the same will be charged in the next community receipt.  If the budget is not approved at the Board, the previous year will be extended, with an increase of 20% without prejudice to the adjustments and settlements that may proceed when it is approved.  The owners must contribute, in accordance with their respective participation fee, to the endowment of the reserve fund that will exist in the community of owners to attend the conservation and repair works of the farm.  The reserve fund, whose ownership corresponds for all purposes to the community, will be endowed with an amount that in no case may be less than ten percent of its last ordinary budget.  The owners may establish the amount in the reserve fund that can never be less than 10% of the last ordinary budget.  f) Attend to the conservation and maintenance of the building, arranging for ordinary repairs and, as regards extraordinary ones, adopting urgent measures, immediately reporting to the Governing Board or, where appropriate, to the General Meeting of Owners.  Comply with and enforce the agreements adopted in the matter of works, and make the payments and make the appropriate collections, clearly keeping the accounts of the Community.  Custody and have at the disposal of the owners the documentation of the Community for a period of 4 years.  g) All other powers that are proper to a diligent administrator and those conferred on him by the Governing Board or the General Meeting of Owners.  VII PROVISIONS COMMON TO THE PREVIOUS SECTIONS  ARTICLE 29.- The appointment of President, Secretary-Administrator and other members of the Governing Board, shall be understood to be carried out for a period of one year, automatically extendable for periods, unless the positions themselves request the change.  Those appointed may, in any case, be removed at a General Meeting of Owners called for this purpose.  VIII DEPOSIT AND DISPOSAL OF FUNDS  ARTICLE 30.- Except for an amount to meet minor expenses, the Community funds will be deposited in one or more bank checking accounts, as many as deemed necessary or convenient.  Said accounts will be titled in the name of the Community of the "COLON 1" Building, and the documents to dispose of the existing funds in them must necessarily be signed by two people between the President and the Secretary-Administrator of the Community or whoever substitutes them by regulation.  in their functions.  To this end, at least the President and the Secretary-Administrator must have the signature recognized.  IX OF THE RULES OF COEXISTENCE  ARTICLE 31.  The owners of the apartments will prevent immoral, mafia for the property, annoying, unhealthy or dangerous activities of any kind from taking place in them, and especially those provided for by the Law of Urban Leases of Public Order, Regulation of Annoying Activities,  unhealthy or dangerous, municipal ordinances and those other precepts that complement, modify or replace the cited provisions.  The owner and the occupant of the flat or premises are not allowed to carry out in it or in the rest of the property activities prohibited in the statutes, that are harmful to the property or that contravene the general provisions on annoying, unhealthy, harmful, dangerous or  illicit.  Tourist farms are also prohibited.  They are also prohibited from occupying, even temporarily, the stairs, corridors, passages, landings and other places of common enjoyment, with materials, objects or furniture, packages, bicycles, motorcycles and merchandise of any kind.  It is also forbidden to use the garage ramp as a parking lot or as a merchandise deposit, as well as the garage is not a place to store merchandise.  They are also prohibited from allocating the apartments to clinics or clinics for infectious-contagious diseases, schools, academies, industries that are deemed detrimental to the hygiene or well-being of the building's occupants, to deposit materials of all kinds and, in general  , the installation in the apartment of motors or machines that are not common and usual of a domestic nature.  It also prohibits occupying, even temporarily, the stairs, corridors, passages, landings and other places of common enjoyment, with materials, objects or furniture of any kind.  Failure to do so, the President, after advising the owner or owners in writing.  Violators, without a positive result, will take the measures it deems appropriate, reporting the facts to the Board of Owners and, where appropriate, to the competent Authority for the corresponding purposes.  Disregarding the requirement by the owner, the Board may urge and judicially obtain the deprivation of the use of the apartment to him and those who live with him.  Said deprivation may be determined at the discretion of the Judge, for a period not exceeding three years, taking into account the quality of the fault, without this affecting the remaining proprietary rights of the apartment owner and the obligations derived from his property title.  Likewise, the Board will have an action against the non-owner occupant to obtain from the Judge the launching or termination of the contract in his case, but he may only exercise it, when the owner does not do so within a period of one month, from the date on which  is required in writing.  For these purposes, the President of the Community will act on behalf of the Board, who, for this purpose, will be considered as proxy or representative of each and every one of the property owners, including the owner of the apartment in question.  To this end, the President is empowered to appoint attorneys and attorneys from the community's accounts.    ARTICLE 32.- The owners of the different apartments will take care that on their part or on the part of their occupants, relatives, dependents, servers or visitors, there is no inconvenience to other neighbors.  To this end, they will avoid:    a) All kinds of annoying noises, especially from 11 at night to 9 in the morning and from 2.30 to 4.30 in the afternoon, ensuring that your radios, record players, televisions, etc.,  operate at a discreet voice volume so that it does not reach adjacent apartments,  b) Shaking rugs, blankets, clothes, etc., completely and at any time.  c) Water plants on their terraces, so that they can disturb the occupants of the lower terraces, doing it in any case in the morning hours, and always before eight o'clock, to avoid precisely such annoyances.  d) For the benefit of the good exterior appearance of the building, and always,   have clothes hanging on the terraces below the railing.  e) Hang garments or any other effects or objects on the building's façade, on the railings of the terraces and in the corridors and stairs.  f) Having animals in the apartments or terraces that may cause discomfort of any kind, or that may constitute a danger in the sanitary order or inconvenience to the neighbors.  Dangerous dogs are prohibited in the community.  ARTICLE 33.- The owners may not use the stairs as a meeting place, meeting, recreation or recreation, nor for their relatives, servers or visitors.  The general corridors may not be occupied by chairs, hammocks, mattresses, etc., nor be used as a solarium, and children's games should also be avoided in them.  Ball games or similar games may not be played either, and all those that may cause noise and annoyance to the building's occupants should be avoided in general.  ARTICLE 34.- Mailboxes and other services of general interest will be installed in the office of the building.  The occupants of the dwellings are obliged to comply with these statutes in all their articles that refer to coexistence, safety and good image, as well as the use of swimming pools and solarium area.  In case of causing any damage to the rest of the owners, the person responsible to the community will be the owner of the apartment in question and will pay the damages caused.  Access to the apartments through the gardens is prohibited;  This is only to go to the pool and solarium, it is also forbidden to leave sun loungers, chairs, etc.  in the solarium area after 9:00 p.m. or according to the hours established by the community.  ARTICLE 35.- Trash cans will be placed at the entrance of the garages.  The owners or occupants of the apartments or premises are obliged to put them in a closed plastic bag, in said drums.  ARTICLE 36.- Awnings may not be placed on the terraces of the building, without the prior authorization of the Board of Owners, which may delegate all or part of its powers to the President.  In case of accessing its installation, a model must be set in such a way that it allows greater uniformity of said terraces.  They may not install additional railings on the terraces, without the permission of the Board of Owners, or modify the height of the same, or of the facade or openings that lead to the terrace or corridors, or carry out any other modification to the exterior of the building that  alter its aesthetic uniformity.  It is forbidden to dedicate the terraces to storage of old junk, packages, cabinets or other objects that are visible from the outside.  ARTICLE 37.- The use of the swimming pool and its services is reserved exclusively to the owners and occupants of the different apartments or apartments and to the family members who live with them in the same apartment.  The pools are exclusively for bathing, not being by  both allowed the use of balls, boats, etc., as well as those games that disturb the normal enjoyment of the facilities.  The green area surrounding the pool is dedicated mainly to solarium.  The hammocks or sun loungers that will be available in their day will be for the use of the owners, tenants of the apartments or guests where appropriate, it is forbidden to reserve or remove them from the green area, with older people having priority for their enjoyment over children.  The use of shampoo or soaps is not allowed in the showers installed in the pool area.    ARTICLE 38.- They are obligations of each owner  a) Respect the general facilities of the community and other common elements, whether for general or private use of any of the owners, whether or not they are included in their apartment or premises, making proper use of them and avoiding at all times that  damage or damage is caused.  b) Keep your own flat or premises and private facilities in good condition.  in terms that do not harm the community or the other owners, compensating the damages caused by their carelessness or that of the people for whom they must respond.  c) Consent in your home or premises to the repairs required by the property service and allow in it the essential easements required for the creation of common services of general interest agreed in accordance with the provisions of article 17, having the right to the community  compensation for damages caused.  d) allow entry into your apartment or premises for the purposes provided in the three previous sections.  e) Contribute, in accordance with the participation quota set in the title or as specially established, to the general expenses for the adequate maintenance of the property, its services, charges and responsibilities that are not susceptible of individualization.  Credits in favor of the community derived from the obligation to contribute to the maintenance of general expenses corresponding to the fees attributable to the overdue part of the annuity in progress and three immediately preceding calendar years have the status of preferential for the purposes of the Law of  Horizontal property.  The purchaser of a house or premises under the horizontal property regime, even with a title registered in the Property Registry, responds with the acquired property itself for the amounts owed to the community of owners for the maintenance of general expenses by the previous owners  up to the limit of those attributable to the overdue portion of the annuity in which the acquisition takes place and three immediately preceding calendar years.  The apartment or premises will be legally bound to the fulfillment of this obligation.  In the public instrument by which the home or premises is transmitted, by whatever title, the transferor must declare that he is up to date with the payment of the general expenses of the community of owners or express those that he owes.  The transferor must provide at this time certification on the state of debts with the community coinciding with her statement, without which the granting of the public document may not be authorized, unless it is expressly exonerated of this obligation by the acquirer.  The certification will be issued within a maximum period of seven calendar days from its request by whoever exercises the functions of  Secretary,  f) Observe due diligence in the use of the property and in its relations with the other owners and respond to them for the infractions committed and the damages caused, having to pay the community for the damages caused.  We are also grateful to the owners, if they send the Governing Board, by letter or other means of communication, those suggestions that they deem appropriate for the smooth running of the Community.    ARTICLE 39.- The building's participation or maintenance fees must be paid, through a bank, directing the receipts for collection to a bank.  For the good of all, punctuality is requested and encouraged.  The term for the payment of said bimonthly receipts will be from 1 to 15 of the first month of the quarter.  It is also the owner's obligation  a) Communicate to whoever exercises the functions of Secretary of the community, by any means that allows proof of receipt, the address in Spain for the purposes of summons and notifications of all kinds related to the community, as well as their email and telephone numbers  contact.  In the absence of this communication, the apartment or premises belonging to the community will be considered as domicile for citations and notifications, having full legal effects those delivered to the occupant of the same.  If a summons or notification to the owner is attempted, it is impossible to practice it in the place provided in the previous paragraph, it will be understood to have been carried out by placing the corresponding communication on the community notice board, or in a visible place for general use enabled for that purpose,  with expressive diligence of the date and reasons for which this form of notification is made, signed by whoever exercises the functions of Secretary of the community, with the approval of the President or Vice President, if applicable.  The notification practiced in this way will produce full legal effects within a period of three calendar days.  b) notify whoever performs the functions of secretary of the community, by any means that allows proof of receipt, the change of ownership of the home or premises.  This is the responsibility of the seller and buyer indistinctly.  Whoever breaches this obligation will continue to be liable for the debts with the community accrued after the transfer jointly and severally with the new owner, without prejudice to the right of the latter to repeat on this.    ARTICLE 40.- The building staff may be under the command of a manager (or manager) hired for this purpose, this staff not being obliged to obey orders that do not come from said manager, the President or the Secretary of the Community, in case  of absence thereof.  The person in charge of the building will adjust in his performance, to the established norms of coexistence and will only attend the orders and instructions that he receives from the President and / or the Secretary of the community, the latter in his capacity as direct head of all the personnel in service  Colon 1.  X NON-COMPLIANCE WITH ECONOMIC ATTENTIONS  ARTICLE 41.  The obligations referred to in the Horizontal Property Law will be fulfilled by the owner of the apartment or commercial premises or garage, in the time and manner determined by the General Meeting of Owners.  If he does not do so, he will be reliably required to pay and if he does not comply with this within fifteen days, he may be required by judicial means.  The delay in complying with the obligation to pay all kinds of ordinary and extraordinary financial assistance or penalties will produce, without the need for prior payment requirement, a 2% surcharge on the balance of the owner's account every two months.  XI.- CIVIL LIABILITY AND INSURANCE REGIME.  ARTICLE 42.- The civil liability of the property against the co-owners or third parties will be distributed among the owners in proportion to their condominium fees.  The civil liability derived from an event attributable to one of the co-owners through fault or negligence will be borne exclusively by the same.  ARTICLE 43.- With a compulsory character, an all-risk insurance for buildings will be contracted for the entire property, in an insurance company, without prejudice to other insurance that may be arranged and of which each owner, independently, may also arrange  on your flat, premises or garage and personal property it contains.  ARTICLE.  44º.- All Community service personnel must be registered with Social Security.  ARTICLE 45.- The amount of the premiums and expenses of all the insurances that the Community has arranged, will be considered common expenses and will be paid by the community from its budget of expenses.  The compensation obtained will be collected by the President of the Community and deposited in the bank account that it has open.  If the loss is partial, the compensation obtained will be used to repair the damaged items.  If the compensation obtained, by default of the coverage established in the policy or for any other reason, does not reach the amount of the repair, the community funds will be used.  XII.- OF THE TOURIST RENTALS  ARTICLE 46.  Tourist rental (holiday home).  Vacation rentals are limited to those who as of November 14, 2019 have obtained an official license for it.  Any community member who does not have an official license prior to that date is expressly prohibited from dedicating his home to vacation rental for which purposes, if he wants to dedicate his home to said vacation rentals, he must make a request to the representative bodies of the Community of  Owners to include such request on the agenda of the next Meeting.  This request must be accompanied by a project that explains how to minimize the impact of noise, cleanliness, safety and compliance with community regulations on the part of your vacation tenants.  The mere request does not authorize for the start-up, having to wait to obtain the authorization by the Board of Owners who will decide by a majority of 3/5 parts of votes and quota whether or not to authorize it to do so, as long as its immediate neighbors,  wall to wall, vote in favor of said request or abstain, being able to veto said rent with their sole vote against, regardless of the majority obtained.  In no case may said authorizations be granted to more than 10% of the housing units to preserve the residential character of the complex.  Those owners who are authorized to rent a vacation in the owners' meeting will pay 20% more in their community fees.  XIII.- JURISDICTIONAL SUBJECTION.  ARTICLE 47.- The owners of the various apartments, commercial premises, garages that make up the COLON 1 building are subject, by the sole fact of being the owners thereof, expressly, to the jurisdiction of the Courts of Arona, to the exclusion of any other  , and waiver of the proper jurisdiction regarding any legal dispute related to the horizontal property regime of this Building.  F1NAL PROVISION    Final disposition  These statutes will regulate the internal regime of the Community of Owners of Colon 1, and everything that is not specified in these statutes will be governed by the Horizontal Property Law 49/1960 amended by Law 8/1999 and its subsequent modifications as long as  as long as they are not modified with the quorum indicated in the Horizontal Property Law