Cooperative housing society (CHS) bylaws have provisions for a sinking fund to be utilised when structural or major repairs are needed. When a reconstruction or alteration, heavy repairs or structural additions need to be carried out, the money set aside in the sinking fund is used.
It is quite common to have disputes and disagreements among residents in a cooperative housing society (CHS), whether it is about leakage, maintenance, car parking or any other issue. In most cases, the managing committee is supposed to arbitrate in the dispute to resolve matters amicably. Still, at times the committee members are at fault or helpless to provide a solution.
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