Establishment of an Owners Association

Establishment of an Owners Association

We provide an integrated service to establish a property owners association according to the regulations approved in the Malak program. Our services include preparing the necessary procedures to register the association with the program, choosing a distinctive name for the association that matches the specific property, and creating special accounts for each owner on the Malak platform. We also prepare the association’s bylaws and provide the necessary support to appoint a president for the association according to a clear mechanism that includes nomination, voting, and appointment, to ensure effective and sustainable leadership.

Preparing a budget and registering the association

We prepare a comprehensive budget tailored to meet the needs of the owners association, taking into account client guidelines and best financial practices. In addition, we provide a service to issue a registration certificate for the owners association from the General Authority for Real Estate, which ensures full compliance with applicable rules and regulations, and enhances transparency and trust among the association members.

Angel Program

The Malak Program is one of the leading programs of the General Authority for Real Estate and the Ministry of Housing. The program aims to enable owners to establish associations that efficiently manage residential units with common areas. The program seeks to create a healthy and organized environment that promotes coexistence and the comfort of residents, through the development and implementation of systems and regulations. The Malak Program enables the management of common areas such as entrances, corridors and elevators, in addition to spreading awareness and preserving rights to maximize the benefit from the property.

Legal basis of the Malak program

The Malak Program is based on the Real Estate Units Ownership, Sorting and Management System issued by Royal Decree No. (M/85) dated 2-7-1441 AH. This system replaced the previous system and abolished all conflicting provisions, ensuring a modern and comprehensive regulatory environment. The program enhances the rights of owners and regulates relations between them in line with the Kingdom’s Vision 2030 and the directives of the Ministry of Housing, which contributes to improving the quality of life and facilitating shared services.

Owners Association Formation Services

Complete all registration procedures

We undertake all administrative and legal procedures necessary to establish a property owners association in the “Mulak” program, while ensuring that it complies with the regulations and rules approved by the General Authority for Real Estate. We provide our services with expertise and care to ensure that the process runs smoothly and without complications.

Establishing the association and choosing a distinctive name for it

We work to establish the association with a name that is carefully chosen by you to reflect the nature of the specific property. This is done according to official procedures, ensuring that the association is legally compliant and meets the needs of the owners.

Create private accounts for each owner

To enhance transparency and ease of access to information and services, we create a private account for each owner on the “Malak” platform. This system allows members to follow the association’s details and participate in decisions easily and directly.

Setting up a comprehensive platform

We prepare an integrated bylaw for the owners association through the “Malak” platform, which includes all the regulations that regulate the relationship between owners and ensure the preservation of rights. This bylaw is formulated in line with the association’s objectives and enhances the effective management of the property and common areas.

Organizing the process of appointing the president of the association

We provide full support in selecting and appointing an Owners Association President through a structured process that includes nomination, voting, and appointment. We are committed to applying the highest standards of transparency to ensure fair and effective representation of all members.

Prepare a comprehensive and thoughtful budget

We prepare a comprehensive budget for the owners association according to the client’s instructions. This budget is designed to ensure the optimal allocation of resources, cover necessary expenses, and achieve the association’s financial and organizational goals.

Issuance of official registration certificate

We help you obtain an official registration certificate for the owners association from the General Authority for Real Estate. This certificate is considered the final step in establishing the association and documenting it legally, which ensures its official recognition as an independent entity capable of efficiently managing the common areas of the property.