There are various transaction related matters which takes place between the property owner and tenant/ buyer. Apart from incurring property price, the property owner is liable to incur many other property related charges post possession too. The landlord or the property owner should be aware of such charges and check if the tenants or dwellers are paying these fees on time. Most of the charges are either incurred annually or monthly on a specified date. Maintenance charges, service charges, holding charges, Non-occupancy charges are some of the common charges that are associated with post possession.Let’s focus on each of the charges and see why it is important to pay these fees:Maintenance fees or service charges:If you are using something, then it is quite obvious you have to look after its maintenance, to keep it strong and fresh. Similarly if you are dwelling in a property, timely maintenance of that property is essential. For this the dweller is responsible to pay particular charges to the property owner. In a society the residents are also required to pay the society maintenance fees for the betterment of the common areas. These charges are essential for general maintenance and up-gradation of the common areas. Even the dweller is not directly related to the areas, as he is utilizing the space; he is liable to pay the charge. Right from the time, when the dweller occupies the residence, he is liable to pay maintenance fees. These charges are incurred periodically, mostly on monthly basis. Painting, renovation, repairing, additional facilities, these all costs come under service charges.Non Occupancy Charges (NOC):
- When the possession of the property is transferred to the owner by the builder or society and even it is in ready-to move condition, remains vacant, then non-occupancy charges are applicable.
- Even if the property owner is not residing in a residence or if the flat is vacant under a corporation housing society, he is liable to pay society maintenance charges as per the law. The person has to pay full fees without any concession.
- If the property is leased or rented to non-family members then it is equivalent to non-self occupancy which means it is mandatory to pay non-occupancy charges of 10% on the consolidated service charges.
- Non-occupancy fees cannot be charged from family members of the bona fide person which includes, father, mother, wife, husband, brother, sister, son, daughter, brother-in-law, sister-in-law, grandson and granddaughter.
- In case of flats which are owned by trusts or corporate, the guests who reside in such flats are not levied for such charges.
- With respect to the agreement and the requisites of CHS Bylaws, an owner or member can give his flat on lease or rent to any corporate.
Holding charges:The owner or the holder who is the non-occupying owner which means he/she has not occupied the property yet, has to pay the holding charges, either to the project developer, society or the government development organization.These are some of the common charges which have to be paid post possession.займ на карту без отказов круглосуточновзять кредит онлайн