The Homeowners' Association: When It Arises and What It Means for an Apartment Owner
The homeowners' association is the legal form of managing an apartment building, and its most important peculiarity is that it is created by the law itself. Under the Georgian Law on Homeowners' Associations, an association is deemed founded in a multi-apartment building situated on a single land plot which contains more than two apartments held in individual ownership. Membership is therefore automatic — by purchasing an apartment you are already a member of the association, and no separate accession decision is required.
The law also contemplates alternative models: in a building on a single land plot, upon a unanimous decision of all members and with the consent of the municipal executive organ, one or several entrance-based associations may be founded; and upon the decision of all owners of several buildings on adjacent plots, with the same consent, a single common association may be created. The association operates on the basis of the law and its charter, while the conditions of its liquidation are determined by this law and other legislation.