What is a maintenance fund? Is it paid every year?

Collect the maintenance fund paid before the commercial house moves in, and use it for the recovery of public facilities in the community in the future. The maintenance fund shall be paid and withdrawn in accordance with the following provisions: when the construction unit sells commercial houses, the buyers of multi-storey houses shall pay 2% of the purchase price, and the buyers of high-rise houses shall pay 3% of the purchase price.

The maintenance fund can be paid at the bank counter designated by the Housing Authority. In view of the situation of developers and property collection, buyers can choose to pay or refuse, pay by themselves in the housing management department, and show the relevant proof of payment to the developers. The maintenance fund is not paid every year, but if the balance of the maintenance fund account is less than 30% of the first maintenance fund, it should be renewed.