If, for example, you are looking for apartments for sale in Khalda, it is important to think about how to keep the building in good condition over the long term. This is where the building maintenance fund comes in—a system that helps ensure ongoing maintenance without having to collect money every time a fault or issue occurs.
What is the building maintenance fund?
It is a financial fund financed by the building’s residents, where each apartment contributes a small monthly amount allocated to maintaining the building and keeping it in the best condition. This fund has legal status, and it must be adhered to in all cases, whether the apartment owner is residing or traveling.
What work does the fund cover?
The amounts collected in the fund are used to cover the costs of maintenance work such as:
- Maintaining the building’s cleanliness and overall appearance.
- Replacing light bulbs and maintaining elevators.
- Repairing any damage in the common facilities.
- Painting sidewalks and operating the building’s automatic lighting.
Why is having the fund necessary?
Instead of collecting money every time a breakdown or problem occurs, the fund provides a ready emergency amount. It also ensures there is a responsible person who makes quick decisions regarding maintenance work without the need for meetings and waiting for approvals from all residents.
The fund ensures there is a responsible person who makes quick decisions regarding maintenance work without the need for meetings and waiting for approvals from all residents.
The role of the housing company in establishing the fund
The housing company plays an important role in helping residents form the maintenance fund by organizing matters between them and providing the necessary guidance—especially since residents are initially not used to dealing with one another. So if you are looking for apartments for sale in Khalda, Airport Road, or Marj Al Hammam, you may have heard about the importance of privacy and how residents of the same building do not interfere in each other’s affairs, which makes coordination without the housing company’s help difficult at first.
How much is the monthly contribution?
The monthly contribution depends on the size of the building and its needs, but it often ranges between 5 to 10 Jordanian dinars per apartment, depending on what the residents agree on.
How does the maintenance fund help maintain housing quality?
Thanks to this fund, the building’s condition can avoid deteriorating quickly, which positively reflects on housing quality and residents’ comfort. It also helps preserve the property’s value over time.
