Apartment advance maintenance period - accounts book
6 years ago
Hi, At the time of possession, we had to pay the builder an advance maintenance charges. Can we ask the builder to show the accounts book on how the money is being used during this one year period? Can the builder choose to refuse this request? Is there any section of law which binds the builder to show the accounts book to the owners?
Adv. Sarika Khude
Responded 3 years ago
A.He time of possession you have to pay as per the terms & conditions of builder agreed upon by you.
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Deepak Yashwantrao Bade
Responded 5 years ago
A.dear client in your case The advance amount that is given to the builder at the time of possession is for safeguarding the interest and meeting the expenditures in case the tenant or owner does not pay deliberately or otherwise. The builder is not liable to show the books of accounts until there is some court order.
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Ambrose Leo
Responded 6 years ago
A.A.At the time of possession you have to pay as per the terms & conditions of builder agreed upon by you.The builder is not bound to show the accounts book.On formation of AOA or Society the member can have the view of the accounts concerning to the AOA or society.
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