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Management and Maintenance Fees

According to the Resolution No.08/2008 of the Ministry of Construction, the building management fees are to be agreed between residents and the Management Committee of the building basing on characteristics and type of the building.

Management fees paid by residents and other revenues are put in a building management fund which is used exclusively for the maintenance of common parts and facilities in the building as well as payment for management company and management staff. The apportionment of this fund is decided by residents together with the Management Board and management company depending on the characteristics of the building.

In order to avoid disputes and complaints as well as make the management transparent, detailed revenues and expenditures of this fund will be communicated to households on a quarterly basis. Besides, the management company also conducts surveys and gathers residents’ opinions on the use of management fees to adopt suitable justifications.

Financial Budget Control of Accounts Management Fees and Maintenance Fees