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Articles about real estate in Estonia » Legal intricacies in real estate » Learn why the repair fund is vital for your apartment in Tallinn!

Learn why the repair fund is vital for your apartment in Tallinn!

Legal intricacies in real estate / Hands of a Smart Home / World behind the curtain / Newcomer in the real estate market / The Path to the Dream Home
18.01.2024
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Learn why the repair fund is vital for your apartment in Tallinn!

The repair fund is a crucial element of renting a property in Tallinn, providing financial support for repair works and maintaining the overall condition of multi-apartment buildings. This fund is formed from the funds that tenants pay monthly in addition to the rent. These funds are accumulated in a special account and used to finance various works in the building.

The repair fund covers expenses for repairing and replacing communal utilities, including heating, water supply, electricity, and others. Additionally, these funds are used to pay for repairs in common areas of the building, such as staircases, elevators, parking lots, etc.

Tenants are obliged to contribute to the repair fund on a monthly basis. This is part of the rent and is intended to maintain the overall condition of the building. Thus, tenants actively participate in maintaining and improving the conditions of their living space.

Overall, the repair fund is an important part of renting a property in Tallinn. It provides financial support for necessary repair works and the maintenance of the building's overall condition. Tenants contribute to comfortable living and the preservation of the property's value by contributing to the fund. I hope that the provided information will be useful to you!

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