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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
Latest Answer: 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
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What is the purpose of collecting amounts towards Sinking Fund in Co-operative Housing Society?
Q: What should be the contribution from members towards Sinking Fund? When can the amount collected for Sinking Fund be spent by the society?

buying property
sinking fund
property buying advice
legal help
investment in gurgaon
gurgaon property advice
legal advice
Latest Answer: Hi Madhuparna, As per my knowledge, The purpose of collecting Sinking Fund is to accumulate and keep sufficient funds with the society so that the property of the Society i.e. building can be reconstructed in future. The contribution to Sinking Fund is a statutory obligation.
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Sinking furn introduction in Housing Society what are guidelines to follow and ref sites if nay
Q: Introduction of sinking in housing societies , rules and guidlines to be followed

sinking fund
Latest Answer: Hi Pai, You can check this article link Handover from builder and Corpus fund for Apartment maintenance for further information about sinking funds
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Bangalore Buying property Buying property in Bangalore
What is the use of giving fund to the Co-operative Housing Society?
Q: I am residing in an apartment in Hyderabad. Few days back I was asked to give some funds (Sinking Fund) to my respective Co-operative Housing Society. Someone let me know why they are collecting this kind of fund?

sinking fund
co-operative housing society
Latest Answer: Co-operative Housing Society collects the Sinking Fund for the development of the apartment. The fund amount is decided by the General Body of the society. They use this fund for reconstruction, repair, and structural addition to the apartment. This fund is collected for the benefit of the apartment members.
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