Bye-law 67Ch.4 · Dues and Charges
Division of Society's Expenditure
Official Text
67. The expenditure of the Society shall be apportioned among Members as follows:
(a) Property tax — as demanded by the local authority in respect of each flat;
(b) Water charges — in proportion to the number of water connection points in each flat;
(c) Repairs and Maintenance Fund — at a minimum of 0.75% per annum of the cost of construction as certified by the Architect, apportioned equally or on the basis of carpet area as decided by the General Body;
(d) Lift charges — equally among all Members using the lift;
(e) Sinking Fund — as per the resolution of the General Body under bye-law No. 13(c);
(f) Service charges — equally among all Members;
(g) Parking charges — as fixed by the General Body;
(h) Interest on arrears — at the rate specified in bye-law No. 71 on the dues of each defaulting Member;
(i) Non-occupancy charges — as per bye-law No. 43(f);
(j) Insurance premium — proportionately on the basis of carpet area of each flat.
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