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Living in an apartment, what monthly fees do I have to pay?

VTC NewsVTC News17/05/2023


Apartment maintenance fee

As soon as you buy an apartment, you need to pay the apartment maintenance fee as prescribed in Article 108 of the 2014 Housing Law. This fee is 2% of the apartment value, calculated directly into the house sale price that the buyer must pay upon handover and is clearly stated in the house sale contract.

Regulations on handing over apartment maintenance fund: When the apartment building has a management board recognized by the State, the bank will transfer this account to the apartment building management board.

Living in an apartment, what monthly fees do I have to pay? - 1

You should carefully research the fees you have to pay when living in an apartment before signing an apartment purchase contract (Illustration: Internet).

The bank will only disburse to the management board when the expenditure has all the required procedures as approved at the condominium meeting... The bank can collect a service fee for managing the maintenance fund for the condominiums.

Apartment service fee

The monthly apartment service fee is the cost that your family needs to pay to the apartment management board to cover things like: Cleaning and maintaining common areas, beautifying the landscape of common areas; garbage collection, garden maintenance; planting, maintaining, caring for and replanting trees in decorative areas of the building. In addition, this cost also includes apartment management fees and security...

This fee will depend on the type of apartment you live in, such as a budget apartment or a luxury apartment, and it also depends on the area of the apartment. The average monthly service fee in current apartment buildings ranges from 5,000 VND to 20,000 VND/m2/month, depending on the type of apartment and the agreement between the investor and the apartment buyer at the initial time.

Apartment management fee

This is the cost for all management and operation activities of the apartment building. This cost depends on the standards and quality of the apartment project, for example, luxury apartments, regular apartments or low-cost apartments. However, the cost of apartment management only fluctuates between 4,000 VND - 8,000 VND/m2. The management fee will be proportional to the selling price of the apartment you buy. With the same area, luxury apartments often have much higher management fees than low-cost apartments.

Living in an apartment, what monthly fees do I have to pay? - 2

Apartments have many types of fees to pay, so customers need to research carefully before choosing. (Illustration photo).

Each apartment project will have a different fee and must not exceed the ceiling price set by the State. In exceptional cases, there must be an agreement between the customer and the original investor. However, in reality, there have been many disputes between customers and investors regarding this type of fee. Therefore, to avoid this dispute, apartment buyers need to ask clearly about the management fee before signing the contract.

Parking fee in apartment building

According to Clause 2, Article 106 of the 2014 Housing Law, the price of apartment building management and operation services does not include parking fees. The regulations on parking fees in apartment buildings are set by the People's Committees of provinces and centrally run cities for each locality.

In which, the average monthly parking fee will be as follows:

Monthly motorbike parking fees will range from 10,000 VND to 150,000 VND/vehicle/month.

Car parking fees will range from 1,200,000 VND to 1,600,000 VND/car/month.

The total cost of parking for a family of 4 with 2 motorbikes and 1 car will be around 2 million VND/month.

Electricity, water, internet costs

This is the monthly living expense that you have to pay regardless of where you live, whether you live in a house or an apartment. This cost will depend on your family's usage according to the state's regulated price.

The cost of Internet and television in the apartment ranges from 70,000 - 300,000 VND/month depending on the service provider's policy and the family's needs.

According to the survey, the total cost of living in an apartment for a family will be around 1 million VND for an affordable apartment and around 3-4 million VND for a luxury apartment. Of course, the cost is high or low depending on the area of the apartment, the number of vehicles and the spending and usage level of the household.

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