shyamoli kundu, Apartment Resident
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sinking fund
Q: how frequently can a sinking fund be collected? Is there a limit(0.25% of construction cost) per annum? We have a association that tends to collect less maintenance charge but pops up with requests for sinking fund often. This is a result of builder not completing promised tasks and quality of construction is poor. We cannot sue the builder as the association is unable to tackle and doing improvements from the sinking fund.

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can i have details of sinking fund discussion, maintenance charge already keeps on increasing , how often this sinking fund be collected?can i have details of sinking fund discussion, maintenance charge already keeps on increasing , how often this sinking fund be collected?
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