What happens if you don’t pay your service charge?
If any of the owner members of the association refuses to perform their responsibilities and pay the service charge, two significant repercussions may occur.
First of all, we must keep in mind that money is assigned to the general and reserve accounts, which are utilized for the property’s upkeep and maintenance. Insufficient money results from outstanding payments, resulting in the cessation of services, insurance, and repairs that the building may require at the time. These will be phased out until adequate finances are available.
Second, the service charge is a legal requirement mandated by DLD. If the owner misses the deadline specified in the invoice, the management agency will most likely send them reminders asking for payment. If the remaining balance remains unpaid, RERA will publish a legal notice outlining the implications if the service charge is not paid.
Check out the fäm Properties Service Charge Index to see what charges you can expect to pay in certain areas of Dubai.
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