How does the law ensure the continuity of property management?

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Ali Faizan Syed · Accepted Answer

To prevent any gap in building operations, the law stipulates that the Developer must manage the property until a Management Company is officially appointed by RERA. During this period, the developer is responsible for maintaining the Service Charges account and ensuring all essential repairs and safety services continue. Once a new entity is appointed, the outgoing manager is granted a thirty-day time limit to hand over all management records and financial accounts. This ensures that residents experience no interruption in utility services or building maintenance,.

How does the law ensure the continuity of property management?

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Ali Faizan Syed