Maintenance Fee
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 […]
Important Charges to be paid post possession
There are various charges that have to be incurred by the owner of the property post possession. These charges are largely categorized as Maintenance Charges, Non-Occupancy Charges and Holding Charges. Maintenance Charges In real estate, the residents or owners of the property in a specific area are charged for maintenance and operations of the commonly-owned […]
