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How to start the property maintenance fund
Legal basis: Measures for the Administration of Facilities and Equipment Maintenance Funds in Residential Areas.
Tenth after the establishment of the owners' committee, with the consent of the owners' committee, the real estate administrative department will transfer the maintenance fund to the property management enterprise for escrow. The owners' committee shall regularly inspect and supervise the maintenance fund entrusted by the property management enterprise.
Eleventh before the establishment of the owners' committee, the use of the maintenance fund is proposed by the selling unit or the management unit entrusted by it, and allocated after being audited by the local real estate administrative department. After the establishment of the owners' committee, the annual use plan of the maintenance fund is proposed by the property management enterprise and implemented after the approval of the owners' committee. When the maintenance fund is insufficient, the local real estate administrative department or the owners' committee will decide to continue to raise funds from the owners according to the proportion of the owners' ownership and the residential construction area. The specific measures shall be formulated by the municipal and county people's governments.
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