Apartment complexes are certainly not easy to maintain, especially if they've reached the overly mature age of more than 50 years old. As with other older infrastructure, preventive maintenance is one key to the puzzle, preventing unnecessary mishaps that would directly compromise the safety, security, and living standards of its residents. A homeowners association is one way to keep the ball rolling, providing systems that ensure the long-term lifespan of these buildings.
This may vary in different countries, but in Venezuela, I was wondering what are the assurances of these property investors if these edifices suddenly crumble, get demolished, or are devastated due to natural causes? Will they be refunded by the real estate developers? How many years are they typically linked to their units, as stated in their contracts? Do you have access to this information @ginethchira2301?
Excellent questions that I will answer with little knowledge, the truth is I do not have the knowledge even so I would say that in case of a collapse due to wear of the materials used in construction would arrive on the scene the Bolivarian national police and firefighters in this case in the area of Caricuao 1) To evict all the people and 2 to effectively see why the collapse happened preparing a detailed report of what happened.
The people who make a living I believe and I am not 100% sure that they would have to respond by their own means looking for a new home, although knowing the position of the government perhaps they will take them to a preventive shelter so that they have at least a floor, a roof and a mattress where all the families of that collapsed building would be since it is common knowledge that buying a house must entail a great saving of years.
Another possible option is for the President to place all those people who lost their homes within the program of the Gran Misión Vivienda Venezuela, where the government is in charge of building houses suitable for the citizen, they would enter the waiting list until the houses are delivered to each one of the damaged families.
Wow! Thank you for your interesting answers to my questions @ginethchira2301. Exactly, in emergency situations such as earthquakes and other catastrophes, the intervention of your government would definitely come into play with various rehabilitation options. At the end of the day, it's the proper exercise of fairness for all residential parties affected. Cheers! 😊
thank you for reading me and being interested in my country.