Apartment owners’ associations were put into effect to help neighborhoods maintain a look of uniformity and keep property values at their highest possible levels. The associations generally collect monthly dues in an amount barely sufficient to pay for common area maintenance and other expense. Traditionally, investment strategy was simple as interest rates were good and [...]
Owners Association
Articles and Resources about Owners Association
Investment option for Apartment Owners Association
Thursday, July 29th, 2010Checklist for Handover from Builder to Owners Association
Friday, June 18th, 2010Each apartment complex has its own apartment owners association for maintenance of apartment and its amenities. But before formation of apartment owners association, it is duty of builder to maintain the apartment and its amenities. Most developers provide a corpus fund for maintenance of apartment and its amenities. The maintenance will be carried out by [...]
Electing Managing Committee for an Apartment Complex
Thursday, April 29th, 2010Managing Committee of an apartment complex maintains common areas, amenities and attends complaints from apartment owners or residents of apartment complex. The Management committee is typically composed of a President, a Vice President, a Secretary, a Treasurer (together known as the Executive Committee) and 8 other members. Management Committee represents apartment owners association before all [...]
Formation of Apartment Owners Association in Hyderabad
Saturday, March 6th, 2010Hyderabad is the most populous city of the South Indian state of Andhra Pradesh. The city is regarded as a blend of traditionality with modernity.The city is administered by a nagar nigam called Greater Hyderabad Municipal Corporation (GHMC). The apartment owners in India can voluntarily form an apartment owners association for the maintenance of apartment [...]
Rainwater Harvesting- Solution for Water Crisis
Thursday, January 28th, 2010The demand for water is increasing day-by-day and government fails to supply water and meet the increasing demand. Rainwater harvesting is not a new concept or technique, it is practiced by our ancestors for irrigation and feeding cattle or livestock. Apartments are mushrooming all over our cities with the boom in the housing sector. By [...]
Income Tax and Rebate for Apartment Owners Association
Thursday, November 12th, 2009Apartment owners association plays vital role in maintenance of apartment and works for welfare of its members. Apartment owners association may or may not be registered but it is always recommended to register the association to sue or defend any legal action. Apartment owners association collects maintenance charges from its members and earns revenue from [...]
Guide to Apartment Owners Association: Formation and Functioning
Thursday, October 1st, 2009Today apartment owners association is vital part of a community living. Apartment owners association is association where all owners of the apartment are members and association maintains facilities or amenities available in apartment. Apartment owners association works for welfare of residents in apartment, conduct events or awareness program and protects the right of apartment owners. [...]
Joint Home Insurance by Owners Association
Thursday, September 3rd, 2009Home owners association is association formed for maintenance of apartment and welfare of residents in the apartment. Homeowners association collects maintenance charge for common area and amenities in apartment. It is also the duty of the homeowners association or apartment owners association to provide the option of home insurance to its members. Home Owners Association [...]
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