Every cooperative housing society (CHS) has to hold an annual general meeting (AGM) according to the model bye-laws set in place by the government. Such meetings are designed to take stock of the yearly activities of the Society, keeping members apprised of the critical developments and overall financial accounts, thus fostering accountability, transparency and smooth functioning of the Society as a whole.
Among the various charges that are payable by a member of a cooperative housing society (CHS) are non-occupancy charges. These charges apply to properties not occupied by the owners or their family members. The basis for calculating these charges are costs such as maintenance lift, electricity charges for common areas, security and other common amenities.
Using a gift deed to transfer a flat or immovable property, either as a whole or in partial, has been common practice for owners, as it minimises the chances of dispute in property inheritance cases. Unlike a will, the gift deed is immediately executable and one does not require a court order to get it enforced. This way, it saves time and hassle for the donee or nominee in matters relating to transmittal of immovable property.
Housing societies cannot always be the trouble-free utopias that we imagine them to be, as they do have their own share of woes and problems. Some problems can be resolved by a discussion with the managing committee, but for more complicated issues, one may have to approach the appropriate authorities such as the municipal corporation, deputy registrar for co-operative societies, consumer court or even the police.