Apartment association without project completed
2 years ago
Builder is forcing us to make AAO without project complete and their is a huge maintenance pending and their is a budget deficiency , should we stop this process ? And is it legally allowed to make AAO when project is not handover completely ?
A.Dear Client,
An Apartment Owners Association should be formed as soon as there is occupancy of 33% in the group housing (as per the U.P. Apartment Act, 2010) or occupancy of 60% as per U.P. Apartment (Amendment) Act, 2016. Due to Section 2 of the Amendment Act, 2016, the author of this article is of the opinion that the 2016 amendments have not come into effect till date. Therefore, it is not legally allowed to make an AOA when project is not handover completely
Thank You
An Apartment Owners Association should be formed as soon as there is occupancy of 33% in the group housing (as per the U.P. Apartment Act, 2010) or occupancy of 60% as per U.P. Apartment (Amendment) Act, 2016. Due to Section 2 of the Amendment Act, 2016, the author of this article is of the opinion that the 2016 amendments have not come into effect till date. Therefore, it is not legally allowed to make an AOA when project is not handover completely
Thank You
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