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Methods to calculate maintenance charges in apartment societies

vacant flats

How to Calculate Maintenance Charge of flats in Maharashtra?

Maintenance charges or service charges are levied by all cooperative housing societies to cater for expenses incurred. The basis on which the society charges will be shared by each apartment unit is decided by the Cooperative Housing Society. As per the model bye-laws of the Maharashtra Ownership of Flats Act (MOFA), each housing society must […]

Managing apartment day-to-day activities

Common issues the apartment office-bearers face and possible solution for it

Apartment office bearers or management committee are assigned to do various tasks as per the resident welfare association and most of their work is in the direction of proving a better living space for all concerned. But often they are facing the heat with various administrative and financial issues. There are some common problems faced by […]

Popular Methods to Calculate Maintenance Fee in Apartment Complexes

Apartment owners and tenants have to pay maintenance fee for the amenities and service enjoyed by them in their apartment. Expense incurred for the maintenance of common area is shared among residents of apartment and income is distributed among apartment owners. Apartment owners form an association for collecting the maintenance fee and association works for […]

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