How to make the transition from the builder to the residents’ association seamless
The process of taking over from the builder initially begins with the creation of the society’s Resident Welfare Association (RWA). Only once this is accomplished can the builder take over the upkeep work.
Document transfer
They must request all building-related documents from the builder as soon as the RWA is created and the handover process begins. This might be the most important element since when the builder has completed the transfer to the society, the society would be responsible for any future compliances of the building.
Choosing the right facility management company
The RWA selecting the appropriate Facility Management (FM) company to maintain the building in the future is the next stage in ensuring a smooth transition. Preferably, this should be done as soon as the RWA is created. Make sure the FM company chosen can implement a significant change on behalf of the RWA.
Amenities
Before the building is sold, builders opt to add a series of amenities such as a gym, clubhouse, swimming pool, etc. There may, however, always be a chance that some of them don’t deliver on their promises or do so inconsistently. Make sure that every facility is available and that it complies with the agreement that was made at some point throughout the transaction.
Transition and Snagging
A thorough transition strategy must be prepared after the FM Company has been selected to maintain the property throughout the handover. This essentially means that the FM company could set up a team to identify all of the issues inside the building and highlight all of the issues that need to be resolved by the builder before they take over. This technique could also ensure that all of the equipment provided by the builder, such as Generators, STPs, Pool, Firefighting Systems, etc. are in good working order. Leakage verification must play a significant role in the snagging process as well, especially when it comes to your kitchens or bathrooms.
Transfer Utility Connection: At some point during the handover of the facilities, it is the builder’s responsibility to switch the application connections, together with the power and water connections, to the RWA. If the builder is unable to do so, he intends to provide a NOC certificate for the same.
Maintenance charges
The number of maintenance costs typically isn’t disclosed until towards the end of the transaction and is only readily accessible afterward. Get all of this information in advance so that the RWA may create its own set of maintenance costs when it is created. Maintenance costs are important since they may apply to anything necessary for the society’s care and security, such as lobbies, elevators, gardens, parking places, and centralized services like power and air conditioning. It is also very important to note at this point that, when the FM Company assumes responsibility, they should preferable suggest hiring a dedicated accountant for the society. This will help in the future when the RWA may be in the process of compiling the maintenance costs and explaining the same to the other residents.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
