How to calculate society maintenance charges of all flat owners? |Maintenance charges equal or sq ft
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- Опубліковано 28 жов 2024
- How to calculate the society maintenance charges of all flat owners? | Maintenance charges should be equal or sq ft in housing society?
Bye - Law No. : 67 : a)The Committee shall apportion the Share of each Member towards the charges of the Society on the following basis:
i) Property taxes: As fixed by the Local Authority.
ii) Water Charges: On the basis of the total number and size of inlets provided in each flat.
iii) Expenses on repairs and maintenance of the building/buildings of the Society: At the rate fixed at the general body from time to time, subject to the minimum of 0.75 percent per annum, of the construction cost of each flat for meeting expenses of normal recurring repairs.
iv) Expenses on repairs and maintenance of the lift, including charges for running the lift: Equally by all the Members of the building in which lift is provided, irrespective of the fact whether they use the lift or not.
v) Sinking Fund: As provided under the Bye-Law No. 13(c).
vi) Service Charges: Equally divided by the number of flats/units.
vii) Parking Charges: At the rate fixed by the General Body of the Society at its meeting under the Bye-Law No. 83 and Bye-Law No 84.
viii) Interest on the delayed payment of Charges: At the rate fixed under the Bye-Law No. 71 to be recovered from the defaulter Member.
ix) Repayment of the installment of the loan and interest: The amount of each - installment with interest fixed by the financing agency.
x) Non-Occupancy Charges: At the rate fixed under the Bye-Law No. 43(c)
xi) Insurance Charges: The built-up areas of each flat, provided that if there is an increase in the insurance premium due to storing any specific goods in any flat, used for commercial purposes, the extra burden of insurance premium shall be shared by those who are responsible for such increased premium in the proportion of the built-up areas to their flats.
xii) Lease Rent: The built-up area of each flat / unit.
xiii) Non-Agricultural Tax: The built-up area of each flat / unit.
xiv) Education & Training Fund: Rs. 10 per Flat/unit per month.
xv) Election Fund: Equally by the Members and as prescribed by the Election Authority in the Rules
xvi) Any Other Charges: As may be decided by the General Body Meeting of the Society
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and is not intended to infringe on any copyrights. This content is based on many reference sources, Model Bye-Law, MCS ACT 1960, and absolutely
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