How are flat maintenance costs calculated?

Per sqft charge Per sq, ft method is extensively used for the calculation of the maintenance charges for the societies. On the basis of this method, a fixed rate is levied per sq ft of the area of the flat. If the rate is 3 per sq ft and you have a flat of 1000 sq ft then you will be charged INR 30000 per month.

How are monthly maintenance fees calculated for apartments?

Per square feet method is the most used method for calculating maintenance charges for housing societies. According to this method, a fixed rate is charged per square feet of the area of an apartment. For instance, the rate per square feet maintenance charge for an apartment complex is Rs. 3.0 per sq feet per month.

What does flat maintenance cover?

These will include maintenance and repairs, insurance of the building and, in some cases, provision of central heating, lifts, porterage, estate staff, lighting and cleaning of common areas etc. Usually the charges will also include the costs of management, either by the landlord or by a professional managing agent.

What action can be taken if maintenance is not paid?

If a resident has not paid his maintenance due till the decided due date, you may give a written notification of 12 days extra to make the payment, and then a grace period of 3 days. If still not paid, discuss with the Management Committee and send a notice to the defaulter.

How is the maintenance fee calculated for an apartment?

As per the system, all the apartment owners are entitled to pay equal maintenance fee, regardless of the size of the flat. Apartment of same size sq.ft. follow this method. According to this method, society or association charges flat rate for a limited square feet and every additional unit will be charged for extra.

How much does it cost to maintain an apartment in India?

For example, if a society has fixed Rs. 3 as the per square feet charge, an apartment with 1000 sq.ft has to pay Rs. 3000 as maintenance, while an apartment with 500 sq. ft needs to pay only Rs. 1500.

How much does it cost to maintain a residential building?

Expenses on repair and maintenance of the building are 0.75\% per year of the construction cost per flat. Service charges like housekeeping, security guard, equipment used, electricity charges and so on are equally divided among the residents.

Should smaller flats pay maintenance charges at par with Big Flats?

Since smaller flats will have fewer people, claiming lower share in common amenities, asking residents of such flats to pay maintenance charges at par with owners of big flats, was unfair, it said. The bench, however, added that since the association was run by the members of the same apartment, the decision of the majority would prevail.