- Reverse mortgage
- Public housing issues
- Maintenance and safety of property
- The Owners’ Corporation as an entity of collective responsibility
- Third party insurance
- Mandatory Building Inspection Scheme
- Mandatory Window Inspection Scheme
- Government subsidy, loan and/or grant
- Common Area Repair Works Subsidy
- Common Area Repair Works Interest-free Loan
- Common Area Repair Works Hardship Grant
- Third Party Risks Insurance Subsidy
- Home Renovation Interest-free Loan
- Home Renovation Hardship Grant
- Subsidy in relation to the MBIS and MWIS
- Building Maintenance Grant Scheme for Elderly Owners
- Building Safety Loan Scheme
- Owners’ Corporation Formation Subsidy
- Redevelopment and acquisition of property
Maintenance and safety of property
The Owners’ Corporation as an entity of collective responsibility
Hong Kong is a small place inhabited by a large population, with most citizens living in multi-storey buildings. When people purchase a flat in a multi-storey building, not only do they own the flat, but they also co-own the common parts of the building with the other flat owners. Therefore, every owner of every flat in a multi-storey building is responsible for managing and maintaining the common parts of the building.
Owners of units in a building or estate may form an owners’ corporation, whose management legally represents all of the building’s owners. The owners’ corporation of a building or estate is, therefore, a legal entity with collective responsibility, meaning that all owners of the building/estate are liable for every action carried out by the corporation, or lack of action. But the existence of an owners’ corporation does not exonerate each owner from responsibility or liability in the management and maintenance of the commons parts.