What is the basis for the calculation of society maintenance?


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Answered on November 09, 2017
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  • Every society incurs bills for common facilities such as electrcity in common areas, security charges, accounting charges, maintainance charges that need to be paid. Normally these charges are divided by the total carpet area of every flat and bills proportionate to the flat owners carpet area are normally sent out every quarter. Apart from that , co-operatives socities acts prescribes to have mandatory amount as repair fund, sinking fund, etc
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