Generally, maintenance charge in gated communities which is collected from its residents is meant for the upkeep and maintenance of common areas in the apartment complex. The common area includes elevators, staircases, common entrance & exits, parking area, swimming pool, play garden, fire escapes etc. In most of the cases, the residents need to pay the amount on annual basis. The payment that you make on maintenance charges let you enjoy the common amenities and facilities available in the complex. The buyer can also avail tax benefits on the maintenance charges that you pay.
The most important benefits of paying maintenance charge are
1. Avoid unexpected expense
In case of any unexpected incidence like a short circuit or any other damage to the property, you need not to worry about the maintenance. The housing society is responsible do it.
2. Proper maintenance
Once the residents make the payment on maintenance charges, the housing society will take care of the proper maintenance of the property.
3. Good service
The residents will get good security and caretake service in the complex.
4. Resale value
The proper maintenance of the apartment complex helps to get good rental and resale value on the property.
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