How to pay Yangzhou maintenance fund

1. According to the "Measures for the Management of Special Residential Maintenance Funds", both developers and home buyers should pay property maintenance funds when signing a house sales contract. During the early stage of property management, the developer should deposit the property maintenance fund into a financial institution in the name of the owners' committee and set up a special account that no one may use.

2. After the owners committee is established, the developer should hand over the property maintenance fund to the owners committee, which will entrust the property management unit to manage it. It will be used exclusively for property maintenance and shall not be used for other purposes.

3. Public maintenance fund refers to the provisions of the Ministry of Construction's "Regulations on the Management of Maintenance Funds for Facilities and Equipment for Used Parts of Residential Buildings" (Jianshehuang [1998] No. 213). Repair and maintenance funds for public parts of residential buildings and public facilities and equipment.