Under the current legal framework, all rights and obligations held by the former Owners Associations are transferred to the Management Entities. This succession ensures that the building�s operations, contracts, and legal responsibilities continue w…
Under the current legal framework, all rights and obligations held by the former Owners Associations are transferred to the Management Entities. This succession ensures that the building�s operations, contracts, and legal responsibilities continue without interruption. The Management Entity takes over the management of common parts and the collection of approved charges as the legal successor. This prevents administrative gaps and ensures that the Owners Committee can focus on its advisory and oversight role within the new system.
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