How to fix maintenace cost for the apartment?
Querist :
Anonymous
(Querist) 30 May 2010
This query is : Resolved
Hi
I'm living in a mid-size apartment whose maintenance cost is going up consistantly upwards..The common amenities are:
1)Power back up-Generator
2)Lift
3)A small Gymn-which is rarely used.
4)Security serices
The top-5 Contributors to the total maintenace cost are as follows:
1)Security service : 58%
2)Diesel for generator: 14.12%
3)common area electicity: 8.5%
4)common area house-keeping: 7%
5)Water charges & sewerage charges: 5.7%
(Includes supply to all individual flats)
6)Lift Maintenance & electrical inspection/maintenance:4.4%
My question is :How can we 'structure the maintenace cost' and apportion to individual 'flat owners'My fundamnetal question is:Fixing maintenance on the basis of 'Square feet' owned by 'individual owners' is incorrect way,as > 91% of the cost is incurred on common services? So,in my opinion:only the 'Water cahrges,directly used by individual flat owners should be based on 'Sqaure foot' basis?Can the experst share there opinion on this?
Thanks and Regards
SURESH
Devajyoti Barman
(Expert) 30 October 2010
You should consult an accountant for this not the advocates.
