Shriram Poem Maintenance Charges
The Shriram Poem Maintenance Charges are paid to the owner of an apartment to upkeep the common areas and facilities in the project. It is collected as an early payment during the project ownership. These charges are paid to the owner's association on a yearly basis. It is a duty to pay the maintenance charge in a given time to maintain clean and secure areas.
Importance of Shriram Poem Maintenance Charges:
- Maintaining Shared Areas: The sum of money collected as maintenance charges is used to maintain the common areas and shared facilities in the project, including lifts, corridors, parking lots, gardens, gyms, amenities, and security.
- How Costs Are Divided: The maintenance charges are collected by house owners based on several major factors. It is, in general, calculated on the basis of the size of the apartment units and the number of residents in a home. The homeowner's organization (HOA) determines the rules and maintains the project.
- Role of the Homeowners Association (HOA): The Homeowner's Association is established in a community to keep a safe and healthy community. The members of the associations will be in charge of planning a budget and charges and are responsible for maintaining the project's common areas and amenities.
Shriram Poem is a luxurious residential apartment project in Jalahalli, Bangalore. It is built on 6.58 acres of land and has 660 apartment units. It has more than 70% open area with modern amenities and shared common areas, which requires regular maintenance to keep it clean and usable.
