Karnataka Apartment Ownership Act, 1972
The KAOA applies only to residential properties. Furthermore, a building has been defined under the Act as a part of the property containing 4 or more apartments, or 2 or more building each containing 2 or more apartments with a total of 4 or more apartments.
2.An apartment owner submits his apartment to the provisions of the Act by executing a Deed of Declaration.
The KAOA creates a heritable and transferable right in the immoveable property together with an undivided interest in the common areas/facilities.
The KAOA further provides that the apartment owner is entitled to an undivided share in the common areas and facilities. This share is determined and computed by taking the value of the apartment in relation to the value of the property which is expressly mentioned in the Deed of Declaration. Furthermore, it prohibits any apartment owner to bring any action for partition with respect to the common areas/facilities.
Critical Analysis of the Karnataka Apartment Ownership Act, 1972
The KAOA, 1972 is one of the foremost legislations in the country after the Maharashtra Apartment Ownership Act, 1970 to deal with apartments and the concept of undivided share/right/interest
An apartment owner acquires rights on the purchase of a flat/apartment in the following 3 ways-
Undivided interest in the land
Carpet area of the flat/apartment
Proportionate interest in the common areas
The intent of the legislature to enact the KAOA was to make each apartment inheritable and transferable. Each apartment owner thus has the right of a proportionate interest in the common areas/facilities.
The key highlights of the KAOA is the mention of the undivided interest or share in the individual apartment together with the undivided interest in the common areas/ facilities in the sale deed of each individual apartment owner. By virtue, this makes the apartment owner an absolute owner with a clear title and ownership. Thus an owner can transfer his immoveable property, along with the undivided share in terms of percentage by any mode as would apply to any transfer and succession of immovable property under the Transfer of Property Act, 1882.
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