Renewal of Apartment Owners Association
Many of Apartment Owners Association (AOA) tired of repeatedly submitting documents for renewal of Apartment Owners Association (AOA) due to lack of proper documentation.
Here list of some documents which may be required to submit for apartment association or societies. This can help to the societies which are looking for renewal or which are near to expire date of their society registration.
Documents Required for Renewal of Apartment Owners Association
The list includes… This request should be placed on AOA letter head and duly signed by the association’s secretary. The application shall be accompanied by model bye laws duly signed by the AOA Executive body and relevant resolutions of the General Body Meeting (GBM) conducted in this regard.
This will help to process Renewal of Apartment Owners Association hassle free way.
Original society registration certificate.
AOA Membership Receipt Book.
AOA Membership receipt of the residents who are part of the association.
Minutes of Meeting (MOM) of the Executive Body and General Body Meetings.
The names, addresses, occupations and designations of the current members of the AOA body.
Annual Balance sheet for every year.
Election proceedings as approved by laws.
Photocopies of all pages of the bank pass- book of the society
Aadhaar card copies of all the office bearers and executive members of AOA duly signed by all.
Cash register of the society, related to the preceding three years or five years from date of renewal application.
Current residents’ list. We also need to mention AOA membership fees, It may be different for other societies. Self-declaration of the applicant citing that all the documents and information provided are correct and valid.
This list may be varying by region and their acts. This is only for reference.
Please check with experienced Property Lawyers OR Consult With VSK & Co.
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Transfer of an Apartment Ownership – Apartment Ownership Transfer
Apartment Ownership Act, Ownership of apartments.
Every person to whom any apartment is allotted, sold or otherwise transferred the promoter, on or after the commencement of this Act, shall, save as otherwise provided in section 6, and subject to the other provisions of this Act, be entitled to the exclusive ownership and possession of the apartment so allotted, sold or otherwise transferred to him.
Apartment To Be Heritable And Transferable
Apartment to be heritable and transferable. Subject to the provisions of section 6, each apartment, together with the undivided interest in the common areas and facilities appurtenant to such apartment, shall, for all purposes constitute as a heritable and transferable immovable property within the meaning of any law for the time being in force, and accordingly, an apartment owner may transfer his apartment and the percentage of undivided interest in the common areas and facilities appurtenant to such apartment by way of sale, mortgage, lease, gift, exchange or in any other manner whatsoever in the same manner, to the same extent and subject to the same rights, privileges, obligations, liabilities, investigations, legal proceedings, remedy and to penalty, forfeiture or punishment as any other immovable property or make a bequest of the same under the law applicable to the transfer and succession of immovable property Provided that where the allotment, sale, or other transfer of any apartment has been made by any group housing co-operative society in favor of any member thereof, the transferability of such apartment and all other matters shall be regulated by the law applicable to such group housing cooperative society.
Ownership of apartment subject to conditions.
Ownership of apartment subject to certain conditions. Where any allotment, sale or other transfer of any apartment has been made whether before or after the commencement of this Act, in pursuance of any promise of payment, or part payment, of the consideration thereof, the allottee or transferee, as the case may be shall not become entitled to the ownership and possession of that apartment or to a percentage of undivided interest in the common areas and facilities appurtenant to such apartment, until full payment has been made of the consideration thereof together with interest, if any due thereon, and where any such allottee or transferee has been inducted into the possession of such apartment or any part thereof in pursuance of such allotment or transfer, he shall until the full payment of the consideration has been made, continue to remain in possession thereof on the same terms and conditions on which he was so inducted into possession of such apartment or part thereof.
This is only for reference, Please check with experienced property lawyers
Consult for Transfer of an Apartment Ownership @ VSK & Co