RERA announces seminars to assist with creation of owners’ associations
Events will kickoff on 25 November and run to 9 December, 2019
Bahrain’s Real Estate Regulatory Authority (RERA) has announced a series of seminars that are designed to assist owners of properties in buildings/developments to create and efficiently operate owners’ association.
Owners’ associations are now a legal requirement in Bahrain, according to a report by BNA.
“RERA is keen to ensure that all owners of properties with shared or common areas are fully aware of the importance of becoming involved in the owners’ association for their property,” explained Shaikh Mohammed bin Khalifa Al Khalifa, CEO of the Real Estate Regulatory Authority.
The seminars will take place from 5-to-6.rere30 pm at the following venues across Bahrain:
- Bapco Club, Awali Hall – November 25
- Bahrain Chamber of Commerce auditorium, Sanabis – November 27
- Bipex Property event – December 8 and 9 at the Bahrain International Exhibition Centre
Al Khalifa added, “It is in the owners’ long-term interest to protect their investment by having a say in the creation of the association, election of board of directors, setting of service charges and how the property is managed. Owners also need to be aware of other obligations such as ensuring there is adequate insurance cover on the building or development.”
