In the case of an Apartment Condominium, there are limitations to the day-to-day operations, as there is no administrative body of the government, unlike the Co-operative Department for Housing Societies. The Condominium has to approach the Court of Law (Civil Court), even for trivial matters. These limitations also hamper the recovery of maintenance charges from defaulting apartment owners in the long run. Another hand, there is a provision for recovery either through the Deputy Registrar or the Housing Federation in the case of society. This is not possible in the case of Apartment Condominiums, ultimately leading to collective losses and distress.
- Common challenges faced are:
- Recovery of maintenance funds
- Hassel’s in smooth operations
- Appropriate and proper utilization of funds
- Tenant management issues
- Providing a legal entity to apartments for management
Our Solution
Formation of Maintenance & Betterment Service Society
Society Plus works closely with Apartment Condominiums, helping them form a Maintenance and Betterment Service Society. We capitalize on our legal know-how to expedite the process without hiccups and hardships and help the Apartment Condominiums obtain a Legal identity for the project through which Common Maintenance System can be operated for the members/Owners.
The Individual Entity provided to every Individual Member by way of Deed of Apartment remains intact, as Conveyance of Land cannot be executed in favor of Maintenance and Betterment Service Society.
