Service Charges are annual fees collected from owners to cover the management, operation, and repair of Jointly Owned Real Property. These charges fund essential services such as security, cleaning, and maintenance of Common Parts like elevators. Ea…
Service Charges are annual fees collected from owners to cover the management, operation, and repair of Jointly Owned Real Property. These charges fund essential services such as security, cleaning, and maintenance of Common Parts like elevators. Each owner�s share is calculated based on the ratio of their unit area to the total area of the property. These charges must be approved by RERA before they can be collected. Failure to pay these charges can result in a legal lien being placed on the unit.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
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