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Home > Forum > Bangalore > Whitefield > Legal > Hi Darshan, when a property is sold does the old owner get a refund for the sinking fund paid.

Hi Darshan, when a property is sold does the old owner get a refund for the sinking fund paid.


sinking fund
prestige group
is sinking fund refundable?
prestige shantiniketan whitefield
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Bangalore Whitefield Prestige Shantiniketan Legal Legal in Bangalore Legal in Whitefield Legal in Prestige Shantiniketan
Replies (3)
1
Old owner who sold flat has not paid sinking fund is it compulsory that we new owner had to pay in his behalf. If yes doesnt it form part 9f sale consideration
Vishal


2
Yes, i am agreed with Bala. If you choose to sell your property all annual contributions that you have made as a sinking fund remain in the management company account and are non-refundable.
Girish Gupta


3
Hello Deepa,
No, when a property is sold, the old owner does not get a refund for the sinking fund paid.
Bala Subramanium


4

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