How Is Interest on Dues Debt Calculated? 5% Monthly
How is the interest added to accumulated dues calculated? What does "5% monthly" mean, and on what amount does it run? We explain the interest on dues debt with an example.
From dues tracking to Condominium Law, resident communication to board decisions — practical articles born from real experience.
How is the interest added to accumulated dues calculated? What does "5% monthly" mean, and on what amount does it run? We explain the interest on dues debt with an example.
Does the owner of an empty, closed shop have to pay dues? Is the "I do not use it, I have no income" defence valid? We explain empty shops' dues liability under KMK Art. 20.
In an apartment, who is responsible for the electricity of elevators, lighting and the booster pump? How is this common electricity expense calculated and shared? We explain from a practical perspective.
In buildings with central heating, "I heat less, why do I pay more?" is a frequent question. Heat cost allocators and the 70/30 rule resolve this unfairness. We explain based on the regulation.
Can a resident who pays dues request a receipt, and must the manager provide one? How is proof of payment made without a receipt? We explain the importance of dues receipts with a practical perspective.
An owner who pays dues late pays not only the debt but also a late payment penalty. How is this 5% penalty calculated, and can it be changed? We explain under KMK Art. 20.
In apartment management, "dues" and "advance payment" are often confused. Both refer to collecting money, but there is an important difference. We explain based on KMK Art. 20.
Why does my dues bill differ from my neighbour's, and who pays how much? Many people wonder how dues are set. We explain how apartment dues are determined based on KMK Art. 20.
In how many years does a dues claim expire, and what are the litigation periods? We explain the statute of limitations and forfeiture periods in condominium ownership.
What is the role of expert review and site inspection in apartment cases, and how does the process work? We explain evidence determination, expert reports and site inspection stages.
Records such as "usufruct" or "right of residence" (sükna) on a unit's title often surprise people. We explain these rights and their relationship with condominium ownership.
Works requiring large expenditure — elevator renewal, insulation, roof repair, façade — often arise. How many approvals are needed and must a dissenter pay? We explain based on KMK Art. 42-43.
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