The Society Maintenance Charges Act Karnataka is governed by the provisions outlined under the Karnataka Apartment Ownership Act, 1972. They regulate the management of apartment complexes and the responsibilities of the apartment owners’ associations. The act also specifies how apartments should be managed and maintained. Read on to know more.
Karnataka Society Maintenance Charges Act
The Karnataka Apartment Ownership Act (KAOA) of 1972 does not mandate that maintenance fees for apartment complexes be calculated only on a square foot basis. It offers a framework for apartment complex management, including the creation of bye-laws that regulate many facets of the organisation, including amenities, common areas, and financial affairs.
This act mandates that apartment owners contribute to the maintenance of common areas and facilities in a residential society, such as lifts, gardens, security, and repairs, based on their share in the society.
These charges are usually determined by the apartment owners’ association or the managing committee and are intended to cover the ongoing operational costs of the building.
Failure to pay these maintenance charges can lead to legal action, including the imposition of penalties, and, in extreme cases, the recovery of dues through legal means.
The Act ensures transparency and fairness in the collection and usage of these charges for the benefit of the residents. I hope you found this helpful.
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What is Society Maintenance Charges Act Karnataka?
Saanjya7
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2024-11-29T18:35:41+00:00 2024-11-29T18:57:01+00:00Comment
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