Extra 10 % charges on sinking fund and on repairs fund.
Avinash Bhosekar
(Querist) 31 August 2013
This query is : Resolved
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Hello Sir, One of your earlier answers says, (As per the CHS approved bye-laws, "Repairs & Maintenance Fund, and contribution to "Sinking Fund" FORM part of the regular monthly maint. charges.
Hence "non-occupancy charges" component, is liable to be levied, as a routine.)
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Please note that "Routine" for any chs, is to charge 10 p.c. only on Regular maint.
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And Sinking F. and Repairs and M fund are NOT part of regular monthly maint. These funds are generally collected yearly as a lump sum amount.It avoids unnecessary swelling of monthly amount.
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And the concept of repairs fund or sinking fund has logically no relation to non occupancy. Tenants are not causing 10 per cent extra damage to the building and or they are also not causing extra 10 % pressure on the building to sink.
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So it is not clear why and how can we Legally charge that 10 p.c. extra component on 1)S.F and on 2)Repair fund ?
What is the bye law number stating this rule ?
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Regards, Avinash Bhosekar.(31/08/2013)
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ajay sethi
(Expert) 31 August 2013
non occupancy charges are levied at 10%on service /maintenance charges . it does not include sinking fund/repair fund .
society cannot club sinking fund /repair fund with maintenance charges and charge 10%non occupancy charges on the same
Raj Kumar Makkad
(Expert) 02 September 2013
No more to add as you have rightly been advise.
