Types of Society Maintenance Charges.pptx

Through this presentation, you will know the housing society maintenance charges rules and RERA guidelines.

1. Types of Society maintenance charges Presented by The360

2. AGENDA ​​Introduction Charges Guideline​ How charges calculated

3. Introduction Types of Society maintenance charges 3 Based on the nature of shared areas and common facilities society maintenance charges are levied. It also varies depending on the status of the unit. According to the guidelines provided by the bye-laws, if the unit is not occupied by the owner and is vacant or leased to tenants, the charges are calculated accordingly.

4. Parking charges Residents who own vehicles are charged a particular amount for the parking place they book. The rate for society maintenance bill depends on the type of vehicle like two-wheeler or four-wheeler. Types of Society maintenance charges 4

5. Service charges The maintenance charges include any maintenance required for the common areas and cover the expenses incurred for it. Additionally, to ensure the upkeep of property materials, the charges are divided equally among the residents, with a minimum rate of 0.75% per annum. Types of Society maintenance charges 5

6. Water charges As a mandatory charge, the amount charged from every resident can be fixed or fluctuate. Generally, it is set depending on the number of inlets provided for the exact unit. Types of Society maintenance charges 6

7. Non-occupancy charges In the case of your vacant place or unit, the owner must provide a non-occupancy charge which can not be more than 10% of the service charge. Types of Society maintenance charges 7

8. Sinking fund The RWA always possesses an amount for unforeseeable situations and risk management. This is charged 0.25% of the construction charge for each flat. Types of Society maintenance charges 8

9. Insurance charges This charge is not compulsory only if the association has insured for any common property then the amount is added to the society maintenance bill. Types of Society maintenance charges 9

10. Lease or Rent charges Society maintenance charges for it are levied based on the built-up area of the flat or unit. Types of Society maintenance charges 10

11. How are maintenance charges calculated? Types of Society maintenance charges 11 Per square feet based calculation This system is only used when the apartments are of different sizes and carpet areas are not specific. Equal fee The charges are pre-determined and not variable every month in this method. This is only used when the size of the apartments is exactly the same or can be approximately different. Hybrid fee This method is created by combining the mentioned two methods. For a fair process, the square feet-based charges are for clubbed components such as repair or sinking funds. Whereas, equal fee is levied on other categories for a few common areas like lift and service fees.

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