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 Condominium Maintenance Fees

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cstan61
post May 3 2018, 08:31 PM

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Joined: Dec 2010
Hi,

This is how I will calculate maintenance fees or Charges as prescribed by the Strata Management Act 2013 ("SMA")


1) Share units of your parcel = A

2) Aggregate Share Units = B

3) Estimates of Expenditure per month = C

4) Charge per share unit (D) = C/B (Estimates of Expenditure per month DIVIDE-BY Aggregate Share Units)

5) Charges for your parcel (E) = D * A (Charge per share unit MULTIPLY-BY share units of your parcel)


Example: A=100, B=10,000, C=100,000 then D = 10 and E = 1,000


Note:
1. A, B, C can be obtained from Developer, JMB or your strata title once it's issued
2. A is NOT square meter or square feet. It is normally calculated by a land surveyor appointed by a developer prior to application of strata titles. If strata titles had been issued, then it will appear in your strata title.


Hope this helps.




QUOTE(archery @ Jan 24 2018, 05:55 PM)
Anyone know how to calculate maintenance fees in details?
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