Housing Society Problems & Solutions: Calculating Repair and Sinking Fund & Adding Property Tax to Maintenance
Cooperative housing society (CHS) bylaws have provisions for a sinking fund to be utilised when structural or major repairs are needed. When a reconstruction or alteration, heavy repairs or structural additions need to be carried out, the money set aside in the sinking fund is used.
Moneylife Foundation Legal Helpline Fund In Maintenance Can Society Your Society Moneylife Foundation Free Legal Helpline Repair Fund
Source: moneylife.in