Relative relationship between landlord association implementation and rental value

Adel bin Saleh al-Nasayan

We do not see a direct relationship between the application of the owners" association system and the value of the property that is the subject of that association, this <a href="https://amlak.net.The system does not impose fees or amounts (borne by the founding property owner/developer) that affect the cost of construction of the property to the extent that it has the effect of raising the final value of the property, but rather fees and contributions are imposed on the owners of real estate units after they are sorted and the number of owners exceeds the number of owners for the quorum to establish the union among the owners of the common units.

On the contrary, the system imposes fees and contributions on the owners of the real estate units after they are sorted and the number of owners exceeds the number of owners for the quorum to be established. On the other hand, the relationship between the application of the owners' association system and the rental value offered by the owner of the real estate unit (within that association) for rent, the relationship is directly proportional in general, the application of the system on that unit is an additional expense charged on the unit's operating cost and the increase or decrease in fees is reflected directly on the rent set for that property, and thus the rent is affected by the impact of the operating cost of the unit.

I do not think it is fair to say that the fees and subscriptions are imposed on the owners of the real estate units after the number of owners exceeds the quorum imposed on them. <I do not think it is fair to talk about the issues in the system, especially the newness of the application, as every new system must meet a number of obstacles that face it, whether in the acceptance of the public for its application or the difficulty of dealing with the programs and systems used to activate the application of that system, and therefore the trend is to provide the body in charge of applying that system with all the information, gaps or obstacles faced by both the common property manager or real estate unit owner or those other parties dealing with that union that have a direct or indirect relationship with it to finally come up with a mechanism and applications that facilitate the application of that system according to what serves the expectations of the parties that are involved in it.

When referring to the owners' association system, we realize that it is the system that deals with the common parts of the real estate units in a single property that includes a group of real estate units owned by more than one person, each of whom owns his real estate unit and they all share ownership of the common parts between them, so I do not see an entry in the focus of our conversation through which we address the defects that may appear in residential apartments, but we summarize them briefly with a number of defects, the most important of which are, for example, not limited:

A- Subsidence of the floor of the apartment.

B- Problems with the internal plumbing

C- Problems with electrical wiring.

There is no doubt that any financial claims that are not under a legal cover or a legal document on which the claimant relies take an irregular form that exposes its owner to liability if he has claimed it under a status that is not acquired by him, if he claims it as subscription fees in the property owners' association without establishing a union for him, he has committed an offense punishable by law, and in general I think it is illogical for such violations of the system to occur, especially since the property association system prescribed the payment mechanism and its official channels.

Lastly, I think it is illogical for such violations of the system to occur, especially since the property association system prescribes the payment mechanism and its official channels.

Finally, the owner's association system has been established.

Finally, I hope that we continue our start from where others ended, not falling into their loopholes, but taking advantage of them to reach the system in place to reach the maximum ideal (as much as possible) to be suitable for the owners of common real estate units and all parties dealing with them in the public and private sectors.

Finally, I hope that we continue our start from where others ended. I am also very much looking forward to the cooperation of all relevant government agencies that the owners' association may have a legal relationship or reference in applying the regulations and procedures governing owners' associations, and work to facilitate those procedures that reflect on the effectiveness and efficiency of the application of this system in our beloved Kingdom.

Also, I am very much looking forward to the cooperation of all relevant government agencies.