DLD and RERA Projects Services
Building Completion Audit (Escrow and Non-Escrow)
Reserve Fund Study
Reinstatement Cost Assessment
A jointly owned property will require several mandatory studies to comply with RERA directives.
Building Completion Audit (Escrow and Non -Escrow): Realpoint originally designed the technical requirements and scoring matrix for the building completion audit with RERA, our reports our favored by Developers, Property Managers, Landlord and Owners’ Committees as result. Our building completion audit report includes three elements:
- Condition Assessment (Civil, MEP and Health and Safety)
- Document Review
- Quality Review
Reserve Fund Study: In order to accurately determine the annual service fees that each unit owner must pay on an annual basis a detailed reserve fund study must be carried out to allocate adequate reserves for the repair and replacement of major components and assets.
We understand the importance of reserve fund management in the overall health of the building and regularly work with our clients to provide practical guidance toward budget planning and maintenance programs.
Reinstatement Cost Assessment: The purpose of the assessment is to calculate the potential cost to rebuild a structure and provide a 'day one reinstatement' figure known as the declared value.
Service Charge Modelling and Allocation: Also known as a Cost Allocation Study, service charges are applicable on properties of all types and can often become complicated when there is more than one use for the property.
Realpoint have developed a robust service charge model to ensure that the charges are apportioned on an accurate and systematic basis, and in compliance with RERA requirements.
Whether you are a Developer, Property Manager, Landlord, or an Owners’ Committee, Realpoint has the expertise to guide you smoothly through the process.
Contact us to serve you better.