A Management Entity is prohibited from collecting any amounts for property maintenance without first obtaining RERA's approval. To gain this approval, the Service Charges or Usage Charges budget must be verified and ratified by a certified audit fir…
A Management Entity is prohibited from collecting any amounts for property maintenance without first obtaining RERA's approval. To gain this approval, the Service Charges or Usage Charges budget must be verified and ratified by a certified audit firm recognised by RERA. This rigorous oversight ensures that the fees requested from owners are fair, accurate, and based on actual operational needs. If a budget is delayed, RERA may approve a temporary budget to ensure the building�s essential services are not interrupted.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
Ali Faizan Syed’s knowledge centre
Ask Ali about this question · Explore published properties · Browse all questions