When you are looking for an ideal home to live and you go to a real estate agent or a broker or even a builder, they might use jargons which you might not know.
But we give you a solution!!
Read this space every Tuesday & Wednesday for Real Estate Jargons.
- These are the fees associated with getting the legal title registered in the buyer’s name. This is done at the sub-registrar’s office.
Common Area Maintenance (CAM) Charges:
- This is a recurrent charge paid after possession of the property. It is the specified share of certain defined costs such as maintenance, repair, replacement, improvement, operation, and insurance of the common area shares by all the residents of the building together with costs of administration and overheads.
- It is calculated as: All common expenses multiplied by built-up area of individual dwelling unit divided by the gross leasable area.