E-Paper
UP Apartment Act on RWA
Five important provisions on the formation and management of resident welfare association in the UP Apartment (Promotion of Construction, Ownership and Maintenance) Act 2010
Five important provisions on the formation and management of resident welfare association in the UP Apartment (Promotion of Construction, Ownership and Maintenance) Act 2010:
1 Association of flat owners: Every apartment should have an association of apartment owners for the administration of its affairs and management of common areas and facilities
2 Joint responsibility of builder/resident: When a developer constructs units, gets the completion certificate and executes a sale deed in favour of the buyer, it’s the joint responsibility of the developer and the apartment owners to form an association
3 Developer duty bound to maintain the complex: Until all the apartments are sold or transferred, the developer will proportionately share the maintenance cost of common areas and the facilities
4 Handing over common facilities to the RWA: Once an association of apartment owners is formed, management of the affairs of the apartments has to be transferred from the developer to the association
5 Annual elections: The annual general meeting of the association, to be held in the first quarter of each financial year, will elect a minimum of four and maximum 10 members, including the president, vice president, secretary, treasurer etc. They will hold office for a year.
