Maintenance fee in Bulgaria
Did you know that most complexes in Bulgaria have a maintenance fee?
What is a maintenance fee in Bulgaria?
A maintenance fee in Bulgaria is a regular payment that property owners pay to the management company for the maintenance and management of common areas and facilities in apartment complexes. This fee covers various services that ensure the comfort and safety of the residents. The most common activities included in the maintenance fee are:
Elevator maintenance and repair
Common area lighting (stairwells, hallways, outdoor areas)
Cleaning and maintenance of common areas of the building (stairwells, roofs, courtyards)
Gardens and parks maintenance (gardener, landscaper)
Pool and sports facilities maintenance
Security services (security, CCTV)
How is the maintenance fee paid?
The maintenance fee is usually paid based on a contract with the management company that you sign after you move into the property. Payments can be made annually, half-yearly or quarterly, either in cash or by bank transfer. After each payment, the management company will issue you with an invoice and supporting documents, which it is a good idea to keep for as long as you own the property.
Why is the maintenance fee important?
The maintenance fee ensures that all common areas and facilities are well maintained, functional and safe. This contributes to the comfort of residents and increases the value of the property.