Important Difference Between An Apartment Owners Association & A Society

The concept of the apartment owners’ association was created which is also under regulation by reason of statutory enactments on the State level. An apartment owners’ association is a concept that is dependent on the concept of condominiums.

Apartment Owners Association- Advantages & Disadvantages

When homebuyers take possession of a building property from a builder, they also take over the responsibility of managing the building affairs and maintaining the property. They make associations and societies under the aegis of legal provisions to protect the interests of homeowners.