Do I have to pay the property reserve?

Do I have to pay the property reserve?

Many people don't know whether to pay the housing provident fund when buying a house. Do I have to pay the property reserve?

Property maintenance reserve, the standard term is "house maintenance fund".

Housing maintenance fund refers to the maintenance fund for public parts and facilities of residential buildings. The principal is jointly raised by the selling unit and the purchasing unit, and the ownership belongs to the payer. Interest is used for the maintenance of public parts and facilities of residential buildings. When the interest is insufficient, it shall be shared by the property owner.

Units selling houses shall, before handling the property ownership certificate for the owners, transfer the maintenance fund collected to the local property management administrative department for escrow. Conditional community, the owners' committee submitted to the owners' congress for decision, can be entrusted to the owners' committee or property management company for the maintenance fund. If the maintenance fund is managed by the property management administrative department, the property management administrative department shall not interfere with the normal use of the maintenance fund.

The specific measures for the management and use of the after-sales maintenance fund of public housing shall be jointly formulated by the municipal and county financial departments and the real estate administrative departments, and implemented after being reported to the local people's government for approval. The maintenance fund shall be deposited in a special bank account for special purposes. In order to ensure the safety of the maintenance fund, when the maintenance fund is idle, it is strictly forbidden to use it for other purposes, except for the purchase of national debt or other scope stipulated by laws and regulations.