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Most members of Co-operative Housing Societies are unaware that monthly maintenance charges must be calculated strictly as per the Society Bye-Laws under the Maharashtra Co-operative Society Act, 1960.
Incorrect calculation of maintenance charges can lead to disputes, legal issues, and even failure in recovery proceedings.
📌 As per Society Bye-Laws, maintenance charges are divided into specific categories:
🔹 Area-wise Charges
• Repair & Maintenance
• Sinking Fund
• Property Tax
• Building Insurance🔹 Equal Contribution Charges
• Service Charges (common expenses shared equally)🔹 Other Charges
• Non-Occupancy Charges
• Parking Charges🔹 Interest on Delayed Payment
• Society can charge interest on outstanding dues.🔹 Water Charges
• Calculated based on the number and size of water inlets in each flat.⚠️ Important:
If a society does not follow Bye-Law provisions, recovery of dues may not succeed legally.✅ Proper compliance ensures:
• Transparent accounting
• Fair maintenance billing
• Smooth society management
• Strong legal recovery of duesIf your society needs expert guidance in Accounting, Compliance, Audits, or Society Management, we are here to help.
📞 Contact Rapid Management
Co-operative Housing Society Experts
📱 Call / WhatsApp: 9867336774
📧 Email: rapidcm2028@gmail.com💬 Question for Society Members & Committee Members:
Is your society calculating maintenance charges strictly as per the Bye-Laws?Share your experience in the comments 👇
#HousingSocietyManagement
#SocietyAccounting
#CooperativeHousing
#SocietyCompliance
#RapidManagement
