Owners Association (OA)

An owners association is the legal entity formed by property owners in a jointly owned development to manage common property, enforce rules, and make collective decisions.

OA StructureComposition
All ownersAutomatic members upon purchase
Board of directors3 to 7 elected owners
Developer representativeInitially until 75% sold
Management companyHired by OA to execute decisions
Voting rightsProportional to unit size or equal per unit
Annual general meetingAll owners entitled to attend and vote
OA PowersAuthority
Budget approvalSet annual service charges
Vendor selectionHire management and service providers
Rule enforcementFine violators, restrict access
Capital improvementsApprove major expenditures
Legal actionSue for unpaid charges or violations
InsuranceMaintain building and liability coverage

Related Terms

Service ChargesStrata TitleStrata Management CompanyStrata Law (Joint Ownership Regulations)Building ManagementRERA (Real Estate Regulatory Authority - Dubai)RERA Circular (Market Guidelines)Broker Registration Number (RERA)RERA Calculator (Rent Increase Tool)Service Charge Index (Dubai RERA)HOACommunity Management Master Community Declaration

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