Remove 2001 Remove Applicants Remove Maintenance
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Understanding Non-Occupancy Charges in Housing Societies

ADDA

Purpose of NOC: Cover additional administrative and maintenance overhead. Maharashtra: Legally Capped at 10% Governing Law: Maharashtra Cooperative Societies Act, 1960 Key Regulation: Government Order under Section 79A dated 1 August 2001 caps NOC at 10% of the service charges component of monthly maintenance.

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6 must-know industry trends for small property managers

Buildium

Between 2001 and 2022, for example, rents rose by 21%—while renters’ incomes rose by just 2%. However, by rigorously screening applicants, you can reduce turnover and help prevent costly evictions. This helps explain why maintenance was property managers’ second-greatest challenge in 2024. This comes as U.S. Did you know?