21 Hrs
Source:
بوابة الشروق
Amr Rashed Suggests Independent Funds for Maintenance Deposits
MP Amr Rashed proposed establishing an independent fund to manage maintenance deposits for real estate projects in order to protect owners' funds. The goal is to organize and oversee spending in a transparent manner, independent from developers. The proposal aims to ensure that maintenance funds are used solely for their designated purposes and to implement effective oversight, including legal mechanisms to prevent abuse and to review and regulate expenditure processes. Additionally, it calls for organizing the management of funds for existing projects through transitional procedures. This initiative would boost confidence and help preserve property values and the quality of services provided.
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