We are from Chennai, and our builder is going to do the handing over process to our association.
however the builder has quoted that,
1. Extra maintenance charges will be consumed from the corpus fund.
2. The cost to replace the repairs of tube lights will also be consumed from corpus fund.
my query is,
1.since the maintenance for the first year is to be borne by the builder, shdnt he be taking care of those charges? (whole year maintenance charges wad paid already to the builder)
2. The repairs of tube lights has to be borne by him since he did the initial purchase..
The bldr is trying to usurp the money in the form of maintenance from corpus fund. Ask him to submit the accounts for the extra maintenance and replacement of tube lights.