I live in a cooperative housing society in Pune where a few flats have been leased on rent by their owners. Currently, the society charges 10% on top of monthly maintainence fees as Non-Occupancy charges. I wanted to know if the society can charge 10% extra on the Sinking Fund amount for the leased out flats.
Society allows the payment of maintainance charges in a half-yearly or annual mode, but Sinking fund is collected annually.
Please advise. Thanking in advance.