Formation Of Flat Owner’s Association

The common maintenance charges of an apartment is borne proportionally by all the flat owners. An association has to be registered for this purpose. There are different types of Associations or Societies that may be formed under different acts.

1. Karnataka Apartment Ownership Act
: This act deals exclusively with residential apartments. If an association is formed under this act, the law makes each apartment a transferable and heritable property with separate katha and specific undivided interest in land. All first apartment owners have to submit their apartments to this act by executing a deed of declaration which has to be registered. This will bind all subsequent apartment owners automatically. The disadvantage of the act is that it is often difficult gather all the flat owners at the same time to register the association. Registering separate deeds if declarations over time is time consuming. If the builder collects power of attorneys from all the owners at the time of