The Real Estate Unit Sorting Program has launched a “Resorting” service that enables owners of residential, commercial, or mixed-use real estate units to resort their unit, or the shared property, real estate complex, or any part thereof—through subdivision, consolidation, addition, and other means—either before or after the classification process is transferred to the Real Estate Unit Classification Program.
The program clarified that the terms of the “Re-demarcation” service require the existence of a real estate deed, a report on the condition of the property or unit prior to re-demarcation, as well as an electricity meter for each unit after re-demarcation, a meter for the common areas, and the approval of the owners“ association if there is more than one owner of a property containing three or more units with shared areas, noting that the request is processed after it is submitted by an engineering office accredited by the program.
The ”Real Estate Unit Subdivision“ service allows beneficiaries to obtain an ”Allocation Certificate” electronically to facilitate the disposal of the unit and access to services from financing institutions. The Allocation Certificate is an official electronic document issued in the name of the real estate unit owner and detailing the information of the allocated real estate unit, It can be obtained at any time to facilitate the unit owner’s disposal of the real estate unit in the event of a sale, purchase, or lease, and enables the owner to access services provided by service and financing entities that require the real estate unit’s classification data.
It should be noted that the system for the ownership, subdivision, and management of real estate units, along with its implementing regulations—which came into effect last September—aims to strengthen the role of the real estate unit subdivision program in subdividing both residential and commercial real estate complexes, while ensuring the protection of unit owners’ rights to common areas and defining those areas, as well as the service systems and facilities within and between properties within the real estate complex.
