how to calculate maintenance charges for different sized properties
9 months ago
how to calculate maintenance charges for different sized properties; and my flats (basically higher in flat size 1400 sqft) are forcing me equal maintenance amount for my 500 sqft property also. how do i deal with this? I am ready to pay based on price per sqft; but they are forcing me to pay equal. I required suggestion for this.
A.Dear client,
Calculation of your maintenance cost depends mainly on the size of your flat and the amenities provided by your society or complex.
The rate is fixed by the general body which is subjected to a minimum of 0.75 percent per year of the construction cost of each unit. The sq fit basis shows that it is an indirect indication of the construction expense of the apartment.
Apart from the expense of repairs, there are also other charges on which the society maintenance cost is calculated. They are service charges, expense on the lift, and maintenance of lift, sinking fund, parking charges, water charges, and insurance charges.
All the above factors add up to the maintenance cost of the society.
The basis on which the society charges would be shared
Once the particular amount has been decided, it is now time for the association to decide the basis on which the charges of the society will be divided and shared by each of the apartment owners. Mentioned below are the various ways of calculation.
Per sqft charge
Per sq, ft method is extensively used for the calculation of the maintenance charges for the societies. On the basis of this method, a fixed rate is levied per sq ft of the area of the flat.
If the rate is 3 per sq ft and you have a flat of 1000 sq ft then you will be charged INR 30000 per month. The positive side of this cost calculation is that it makes the calculation easy and fast.
But when talking about the cons this method turned out to be quite unfair for the owner of the large apartment and villas.
Equal maintenance
When the sizes of the apartments are the same and cannot be differentiated then this method is imposed, the total charges will be collected per month and then it will be divided by the number of units. The resultant amount will be charged from the homeowners.
The positive side of this process is that this is easy to calculate when the size of the apartment in society is almost the same.
Hybrid method
In this process, the first part includes a fixed charge among the homeowners while the other is calculated on the basis of the area they own. Among the above methods, this method is known to be the fair method of calculating the maintenance charge.
Calculation of your maintenance cost depends mainly on the size of your flat and the amenities provided by your society or complex.
The rate is fixed by the general body which is subjected to a minimum of 0.75 percent per year of the construction cost of each unit. The sq fit basis shows that it is an indirect indication of the construction expense of the apartment.
Apart from the expense of repairs, there are also other charges on which the society maintenance cost is calculated. They are service charges, expense on the lift, and maintenance of lift, sinking fund, parking charges, water charges, and insurance charges.
All the above factors add up to the maintenance cost of the society.
The basis on which the society charges would be shared
Once the particular amount has been decided, it is now time for the association to decide the basis on which the charges of the society will be divided and shared by each of the apartment owners. Mentioned below are the various ways of calculation.
Per sqft charge
Per sq, ft method is extensively used for the calculation of the maintenance charges for the societies. On the basis of this method, a fixed rate is levied per sq ft of the area of the flat.
If the rate is 3 per sq ft and you have a flat of 1000 sq ft then you will be charged INR 30000 per month. The positive side of this cost calculation is that it makes the calculation easy and fast.
But when talking about the cons this method turned out to be quite unfair for the owner of the large apartment and villas.
Equal maintenance
When the sizes of the apartments are the same and cannot be differentiated then this method is imposed, the total charges will be collected per month and then it will be divided by the number of units. The resultant amount will be charged from the homeowners.
The positive side of this process is that this is easy to calculate when the size of the apartment in society is almost the same.
Hybrid method
In this process, the first part includes a fixed charge among the homeowners while the other is calculated on the basis of the area they own. Among the above methods, this method is known to be the fair method of calculating the maintenance charge.
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