Repairs and Maintenance Fund

13 (a) of the Society Bye-laws provide the provision of creating the "Repairs and Maintenance Fund" which should be fixed at the society general body meeting subject to minimum of 0.75 per cent per annum of the construction cost of each flat, incurred during the construction of the building of the Society and certified by the Architect, for meeting expenses of normal recurring repairs of the Society's buildings/property.

It has been seen in many Housing Societies / RWA that once they fix the Repairs and Maintenance contribution they do not revise periodically inspite of inflation and over a period they feel difficulties in maintaining the building in absence of sufficient fund. Therefore we suggest that the society should at-least review and revise such charges once in five year, though not mandatory but can use used as one of the Best practice of society management.