From June 25, levels of contribution to the condominium operation management fund will be calculated on a monthly basis and apportioned to the apartment’s clearance dimensions or other areas not belonging to the condominium but under private ownership of each owner.
district, Ho Chi Minh City__Photo: Manh Linh/VNA
Such is provided in the Ministry of Construction’s Circular No. 05/2014/TT-BXD of May 9, amending and supplementing Point a, Clause 2, Article 17 of the Regulation on use management of condominiums promulgated together with Decision No. 08/2008/QD-BXD of May 28, 2008.
Specifically, for a single-owner condominium, the operation management fund will be ensured by the owner, unless otherwise agreed upon by the owner and users.
For a multi-owner condominium, the operation management fund will be raised from the owners and users based on the principle of full coverage of expenses.-
