What is “Vaad Bayit”?

“Vaad Bayit” is building maintenance fees. In every apartment building there is a building maintenance committee who oversees taking care of the apartment building. There is one designated person who is appointed to collected building maintenance fees from all tenants of the apartment building each month to cover building maintenance expenses such as: cleaning, repairs, etc. Vaad Bayit is usually one of the payments the tenant is responsible for payment, unless otherwise agreed upon and/or noted in the lease agreement.