Condominium or Apartment Owners Association ?
Querist :
Anonymous
(Querist) 09 February 2011
This query is : Open
This is a new property which has 7 members.
The property is being maintained by the builder since 2009. Now we are planning to have this conveyed to the members/society.
Since we are only 7 members, the builder has adviced us to form a Condominium or Apartment Owners Association.
I have two queries:
1.Between Condominium & AO association, which is better for the residents?
2.When the builder conveys the property to this association or society - what are the points to be checked by residents?
Would the 'plot' also be transferred and all rights to the 'plot' on which the apartment has been constructed ?
