Question 1

What is a HOTO audit?

Accepted Answer

The HOTO audit stands for the handover takeover audit. In property management, a HOTO audit refers to the complete audit of a property and its legal documentation to ensure a smooth property ownership transfer.

Question 2

How do you hand over a property?

Accepted Answer

The most important thing that you need to handover a property is the property handover form. This form is used by the property owner to start the property handover process.

Question 3

Does getting a NOC matter for property transfer in Dubai?

Accepted Answer

NOC stands for the No-Objection Certificate. Getting a NOC is a standard requirement for a property transfer in Dubai.

Question 4

Why is snagging important before property handover?

Accepted Answer

Snagging is an important prerequisite before property handover. It helps identify defects in a property. These defects have a direct impact on the overall price of the property.