Housing society interest calculation
2 years ago
My society is adjusting payments made by me first towards interest payable and balance if any left towards principle maintenance charges.
Whereas some body told it is simple interest hence society first adjust principle amount .
Kindly advise
A.Dear Client,
The Civil Court will make a decision on his case. The Society appears to be following the approach used by bankers when deciding on home loans. Let us know if you require any further clarifications.
Thank you!
The Civil Court will make a decision on his case. The Society appears to be following the approach used by bankers when deciding on home loans. Let us know if you require any further clarifications.
Thank you!
Helpful
Helpful
Share
A.Dear Sir,
This question will be decided by the Civil Court. The Society seems adopting the procedure which is being adopted by Bankers in adjudicating house loans.
I could have explained more if background is known to me. If background is made known in full then legal experts will be in position to understand correctly. Moreso, the background must be in brief.
Please give me FIVE STAR if satisfied by my answers.
This question will be decided by the Civil Court. The Society seems adopting the procedure which is being adopted by Bankers in adjudicating house loans.
I could have explained more if background is known to me. If background is made known in full then legal experts will be in position to understand correctly. Moreso, the background must be in brief.
Please give me FIVE STAR if satisfied by my answers.
Helpful
Helpful
Share
Read Related Answers
Neighbour Water leakage
Dear Sir,
How to File a Harassment Complaint Against a Neighbour
Is Calling Police an Option?
Yes, calling a police if your neighbor harasses you is an option to go with. You have the option to call t...
NOC FROM OTHER FLOOR OWNERS
Dear Client,
Whether you need a No Objection Certificate (NOC) from other floor owners before selling your floor in a building depends on local regulations and building bylaws. It's advisable to con...
Property dispute
Dear Client,
A person who acquires a property through gift is considered his/her self-acquired property and the owner of the property has an unfettered right to dispose of the said property as per hi...
Property Dispute.
Dear Sir,
You may file simple suit for partition and seek accounts of income received from such land and claim your share in liquidated mense profits.
House owner ran away with heavy deposit amount
Dear sir,
You may file a suit for permanent injunction praying not to evict without due course of law that is they cannot throw you out of the house without getting eviction order from court or follow...
Read Blogs on Property
Property Lawyers
Find Lawyers by Location
