Apartment maintenance charges – All You Need To Know
Apartment maintenance charges – All You Need To Know
One of the biggest advantages of being a resident in a gated community is the privilege of enjoying various facilities that the community has to offer – Swimming pools, playgrounds, gardens, Sport Centres, Gym, Clubhouse/recreational centres, etc. Constant usage of these facilities also means that they will require regular maintenance. This is precisely why flat owners pay Apartment maintenance charges. In simple terms, it is a carefully calculated amount that residents pay on a timely basis to the Resident Welfare Association (RWA) or Society Management for the upkeep of the above-mentioned common areas.
Table of Contents
Apartment maintenance fee?- What are the different aspects covered under Apartment maintenance charges?
- What are the Different Methods of Calculating Apartment maintenance?
- 1. Per Square Feet Charge
- 2. Equal maintenance Fee
- 3. Hybrid Method
- Timeline for Payment of Maintenance Charges
- GST Implications on Apartment maintenance charges
- Best Practices for Apartment Maintenance Charges
