Maintenance reserve (WEG) to prevent property-related problems
Maintenance reserve (WEG) – Every condominium owner can demand that a maintenance reserve be accumulated, which is, however, not obligatory. This reserve is accumulated to prevent liquidity problems and the deterioration of a property. Explore home page. The amount of the maintenance reserve depends on what a forward-looking owner would save for the maintenance of his property. This amount is paid in installments with the monthly housing allowance.
Maintenance reserve (WEG) at a glance: Earmarked reserve
- Reserve to be used only for the maintenance of a property
- Can require apartment owners, but is not mandatory
- To prevent liquidity problems and the deterioration of a property
- Paid in instalments with the monthly housing allowance
- The amount of the reserve depends on what an owner would save for the maintenance of his property himself.
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