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Why do we have to pay service charge?
Last Updated: April 23, 2026It is a legal requirement under Real Estate Regulatory Authority Bahrain (RERA) for all owners to pay service charges, ensuring the proper funding and operation of the Owners Association. Service charges are essential because they fund all services and maintenance activities required to keep the property operational. Without these contributions, critical services such as cleaning,...
How are service charges calculated?
Last Updated: April 23, 2026Service charges are calculated based on each unit’s proportionate share in the building, usually determined by unit size or entitlement as defined in the registered Bylaws. This ensures a fair distribution of costs, where larger units contribute more than smaller ones. The calculation is designed to reflect actual usage and ownership share, maintaining transparency and...
What is Annual Service Charge?
Last Updated: April 23, 2026Annual service charge in an Owners Association (OA) is a mandatory yearly fee paid by property owners to cover the costs of managing, maintaining, and repairing shared common areas and facilities. These fees ensure the upkeep of security, landscaping, lifts, cleaning, and building insurance, often calculated based on unit area.
Who approves the budget?
Last Updated: April 23, 2026The Board reviews it and presents it to the Owners at the Annual General Assembly Meeting. The Owners to vote and approved the budget for the coming year.
Who prepares the budget?
Last Updated: April 23, 2026The Association Manager prepares a comprehensive and detailed budget based on the actual operational needs of the property, including maintenance, services, and reserve funding requirements. The proposed budget is then presented to owners for review and approval during the AGM, ensuring transparency and collective decision-making.
How to prepare a budget for the Owners Association?
Last Updated: April 23, 2026A budget includes operational costs, admin, and reserves. At Impact Estate we are happy to assist and share the templates at no cost.
What are the benefits of having a reserve account?
Last Updated: April 19, 2026It ensures long-term sustainability, protects property value, and eliminates the need for unexpected special contributions. The main benefits of having a reserve account include:
Why do we need a reserve account in the association?
Last Updated: April 19, 2026It is a requirement under Real Estate Regulatory Authority Bahrain (RERA) for Owners Associations to maintain two bank accounts: an operational account and a reserve account, ensuring proper financial planning, transparency, and regulatory compliance. A reserve fund is essential to cover long-term, non-recurring expenses—such as lift replacements, major repairs, or capital upgrades—ensuring the property is...
What is discussed in the during annual meeting?
Last Updated: April 19, 2026At the AGM, key matters related to the management and performance of the Owners Association are reviewed as per the set agenda, ensuring all owners are fully informed and actively involved in decision-making. The main discussion points typically include: This structured agenda ensures transparency, accountability, and effective governance of the community.
Why does the Owners Association need an annual meeting?
Last Updated: April 23, 2026The Annual General Meeting (AGM) is required once a year under Real Estate Regulatory Authority Bahrain (RERA) and serves as a key platform to ensure transparency, accountability, and active owner participation in decisions affecting the property. It allows owners to review, approve, or reject the proposed budget for the coming year, discuss financial and operational...