What is the grace period for existing entities to comply with the law?

The full explanation

When Law No. (6) of 2019 was issued, all developers, management entities, and Owners Associations were granted a six (6) month grace period to comply with its provisions. The Director General has the authority to extend this period for an additional six months if necessary. This transitional phase allowed existing communities to adjust their management structures and financial accounts to meet the new regulatory standards. This ensures a smooth transition toward the RERA-governed management model for jointly owned property.