H Residence Maintenance Fee. Accidentally visit this thread can notice 10 years ago the maintenance fee of a standarn medium condo was about RM100-200 per month and by latest of the comment about RM350 at year 2017. Total Maintenance Fee 113477 US 1378 Included in total fee.
There are instances when builders charge advance maintenance cost for one or two years at the time of possession. That means if youre in an expensive complex with high maintenance fees your sinking fund will be higher as a result. Also according to GST rules monthly maintenance charges of Rs 7500 or less are exempted from GST whereas if the total collection is more than Rs 20 lakh yearly the.
I went to the management office yesterday and they informed me that in my next month bill i need to pay for my parking lot maintenance fees as well.
A sinking fund is a reserve fund collected from the strata owner for future expenditure which is typically less predictable and cost a lot more than the usual maintenance fee. An HOA fee is a recurring fee paid by some homeowners to an organization that helps maintain and improve their property and others in the same group. But most of the owners stop paying and our facilities turn bad include the lifts not function. Other than the maintenance fee strata owners are also required to contribute to the sinking fund which is normally at the rate of 10 of the total amount of charges.