FAQs ON THE KARNATAKA APARTMENT OWNERSHIP ACT,1972 AND RULES 1974
1) Does Karnataka Apartment ownership Act (hereinafter referred to as Act) apply to all apartments in Karnataka?
No. It only applies to those apartments where the property is submitted to the provisions of this act by duly executing and registering a Declaration.
2) What is property as per the Karnataka Apartment ownership Act?
Property under the act means the land, building, all improvements and structures thereon, all easements, rights and appurtenances thereto.
3) Can commercial property be submitted to the provisions of the Act?
No. The property shall be mainly used for residential purposes.
4) Who is the competent authority under the act?
The Registrar of Co-operative societies.
5) What forms the majority of apartment owners?
The apartment owners with 51 % or more of the votes in accordance with the percentage assigned in the declaration to the apartments for voting purposes.
6) Whether each apartment owner is required to execute a declaration under the act?
Yes, each apartment owner is required to execute a declaration under sec. 5(2) of the act. This is different from the declaration u/s. 2 of the act.
7) How is the undivided interest of an apartment owner in the common areas and facilities calculated?
It is calculated as a percentage by taking as a basis the value of the apartment in relation to the value of the property.
8) Is it mandatory to file the copy of declaration and bye-laws in the office of competent authority?
Yes.
9) Is it mandatory to register the declaration and deed of apartment in respect of each apartment?
Yes.
10) Can a property be removed from the provisions of the act?
Yes, all the apartment owners can remove a property from the provisions of the act by an instrument to that effect duly executed.
11) What happens to the status of the property once it is removed from the provisions of the act?
Once it is removed from the provisions of the act the property shall be deemed to be owned in common by the apartment owners.
12) On whom the act is binding?
The act is binding on all apartment owners, tenants of owners, employees of owners and tenants or any other person who may in any manner use the property or any part thereof.
13) In what form the declaration under section 2 needs to be executed and registered?
In form ‘A’
14) In what form the declaration under section 5(2) needs to be executed?
In Form ‘B’
15) Within how many days the declaration u/s 5(2) needs to be filed with the competent authority?
Within 30 days from the date of execution.
16) Within how many days shall the apartment owner file the true copy of deed of apartment in the office of the competent authority?
Within 30 days from the date of execution.