Managing large residential complexes can be quite challenging. Establishing a Home Owners Association is the key to addressing the complexities of managing large societies in Bahrain.
So, what are Home owners Associations?
An association is a group of people organized for a specific purpose. So, it follows that a homeowner’s association is a group of people or home owner’s, organized to fulfill the collective requirements of the residents in an apartment complex.
Why are home owner’s associations necessary?
Residential apartments necessitate community living. Home Owner’s Associations work towards the welfare of society. These associations are necessary to manage the common goals of all residents in the apartment including:
- Preparation of homeowners guide.
- Facilitating board elections
- Preparing by-laws.
- maintenance of building common areas
- payment of invoices
- supervision of repairs
- maintaining accounts and budget statements
- regulatory compliances
- insurance claims
- preparation of minutes of association meetings
- obtaining necessary licenses and approvals
- HOA registration
- Reviewing quotations among other responsibilities.
How are Home Owner’s Associations formed?
As we understand, homeowners associations are formed by home owners in a residential complex. However, creating and running a home owners association can be a tedious process, requiring significant time and effort. That is why, Iris Property Managers offer expertise in establishing a Home Owner’s Association for residential societies in Bahrain.
Home Owner’s Association Management
With the complexities of establishing and running an association, it is advisable to outsource society management to a trusted home owner’s association management company in Bahrain, like Iris Property Management Company.
Advantages of hiring a home owner’s association management company
Legal expertise
Homeowners Associations in Bahrain should comply with certain legal formalities like HOA registration, fire safety regulation compliances, etc. Home owners may not have the time to pursue legal intricacies and requirements. On the other hand, HOA management companies in Bahrain like Iris Property Managers have the knowledge and expertise to comply with various legal formalities and government compliances.
Experience in handling administration
Another advantage of hiring HOA Management is that HOA management companies have experience handling building administration including preparing by-laws of the society and electing board members to the association.
With more than 20 years of experience in real estate and property management, Iris Property Managers has the knowledge and expertise to manage home owners associations in Bahrain.
Collection of maintenance and dues
The home owners guide details the duties and responsibilities of every home owner in the building. As part of the duties, home owners must pay maintenance to the association for the upkeep of the building property. While residents who are part of the association committee may find it time-consuming to collect dues from fellow residents, HOA managers efficiently collect maintenance dues from residents and utilize these funds for the welfare of society.
Vendor negotiations
Every residential association requires collaborating and coordinating with third-party vendors to fulfill certain building obligations. Iris Property Management Company, the best HOA Managers in Bahrain, has a vast network of third-party alliances and provides the best negotiations and deals for the benefit of society.
Iris Property Managers
We are the best HOA management company in Bahrain. Our expertise and experience in managing housing societies including board elections, and HOA registration make us the leading real estate managers in Bahrain.
Over the years, we have garnered the trust of our clients to remain one of the top real estate builders in Bahrain.
At Iris Property, we believe in transparency and open communications. Our completed projects stand as a testament to the quality of our services.
Contact Iris Property Managers for HOA Management in Bahrain.
