§ 119

The landlord must, as part of fulfilling their obligation to maintain the property, allocate the amount that was allocated or should have been allocated according to the previously applicable § 18 of the Act on Temporary Regulation of Housing Conditions, cf. Consolidation Act No. 962 of 11 August 2010, as of 31 December 2014. The amount in the first sentence is adjusted once annually, cf. § 204.

Stk. 2.If the property has apartments and premises not covered by the rules on external maintenance accounts in this chapter, the same amount per square meter must be allocated to the maintenance account for such premises as is allocated from the rent for residential apartments. For private cooperative housing associations, amounts must only be allocated to the maintenance account for apartments and premises rented out by the cooperative housing association.

Stk. 3.The landlord of a property not covered by § 120 must prepare a separate annual account for maintenance expenses distributed by individual works or categories of works. A positive or negative balance is carried over to the following financial year. The landlord must submit the annual account to the Landowners' Investment Fund.