Q: In 4 story apartment there are three types of flats in each floor viz.500, 800 and 1200 sq ft superbuilt area but the common area such as staircase,rooftop etc. are same to all the owners.How to calculate the monthly maintenance fee, the reparing cost of roof and the painting cost of outer walls of the building.
Hey Shyamal, generally followed in apartment societies with variable sized apartments. Here there is a per square feet charge, which is generally low plus total expenses divided equally among the flats. The common expenses will include the amounts determined to be payable as such by the Society or Association. It includes expenses such as expense of administration, maintenance, repair or replacement of common areas and facilities.