Maintenance charges module

Maintenance charges are charges collected by an apartment society to meet the cost of maintaining a housing society and the funds that may be required for major repairs in future. The primary methods to calculate maintenance charges are:

(a) Per square foot – It is a fixed rate based on the super built-up area of a flat in the housing society. Here, the bigger the flat is, the higher the maintenance charge will be. It may become a bone of contention as the owner of a bigger flat may question as to why he/she should pay more for the same facilities being used by the owner of a smaller flat.

(b) Equal fee – When the size of each flat is same, equal fee is collected from every owner; which is calculated by dividing the total cost by number of units.

(c) Combined method – Combined method is when the above methods are combined. On one hand, the cost is calculated equally among all members, irrespective of the size of the flat. Then again, expenses are related to the size of the apartment and is calculated on the basis of the flat area.