Sharing of the Society's Charges by the Members

(a) The Committee shall apportion the share of each Member or flat / unit holder towards the charges of the Society, in accordance with the provisions of the Act, Rules and these Bye-laws, on the following basis:—

(i) Service Charges: Equally divided by the number of flats / units.

(ii) Property Taxes: As fixed by the Local Authority, and in respect of common areas, on the basis of carpet area of each flat / unit.

(iii) Water Charges: On the basis of total number and size of inlets / taps provided in each flat / unit as per the sanctioned building plan.

(iv) Expenses on repairs and maintenance of the lifts of the Society, including charges for running the lift: Equally divided by the number of flats / units in the building in which lift is provided.

(v) Car Parking Charges: At the rate fixed by the General Body.

(vi) Interest on defaulted charges: At the rate fixed by the General Body, not exceeding simple interest at twelve per cent per annum.

(vii) Repayment of installments of loan and interest: The amount of each installment with interest as fixed by the financing agency.

(viii) Non-occupancy Charges: Ten per cent of the Service Charges.

(ix) Insurance Charges: On the basis of carpet area of each flat / unit: Provided that, if there is increase in the insurance premium due to storing any specific goods in any flat / unit used for commercial purposes, the extra burden of insurance premium shall be shared by those who are responsible for such increase in proportion to the carpet area of their respective flats / units.

(x) Lease Rent: On the basis of carpet area of each flat / unit.

(xi) Non-agricultural Tax: On the basis of carpet area of each flat if applicable

(xii) Contribution towards funds: Sinking Fund — at the rate fixed by the General Body, subject to the minimum prescribed under the Rules and these Bye-laws; Repairs and Maintenance Fund — at the rate fixed by the General Body, subject to the minimum prescribed under the Rules and these Bye-laws; Major Repair Fund — on the basis of carpet area of each flat / unit; Education and Training Fund — as prescribed under the Act, Rules and these Bye-laws; Election Fund — equally by the Members; Welfare Fund — equally by the Members; Any Other Fund — equally by the Members.

(xiii) Amenities Charges: Club house, club membership, gym, swimming pool and similar amenities equally by the members

(xiv) Playground, garden, jogging track and similar common amenities: Equally divided by the number of flats / units.

(b) The Committee shall fix, in respect of every flat / unit, the Society's charges on the basis laid down hereinabove and in accordance with the provisions of the Act, Rules and these Bye-laws.