No. Maintenance is defined as security, gardening, collecting rubbish, cleaning roads, common utility bills. 9/10? Not if the law says it must be reimbursed or credited
Our Developer argues by law the developer does not have to return any overpaid excess funds to the resident’s maintenance account or issue as credit to the residents. He is using this argument to spend maintenance fees for other purposes. Is this legal? A reference to any relevant section of the Consumer Protection Act or other legislation would be appreciated. Thanks in advance.