please tell me , whether housing society can chnagre interest @21% on quaterly basis to onwers if mainatance is due since 6 months
, pls reply
Rani_kavi0099 (Account executive ) 05 December 2012
please tell me , whether housing society can chnagre interest @21% on quaterly basis to onwers if mainatance is due since 6 months
, pls reply
Goutam Prasad (Advocate) 05 December 2012
It depends on the bye laws of the society. If it provides so, they can charge it. If not, then they can not charge such interest rates arbitrarily.
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