How many years are the application materials for overhaul funds kept?

The application materials for overhaul funds shall be kept for one year. Housing overhaul fund actually includes the special fund for housing public facilities and the maintenance fund for housing itself. The special fund for housing public facilities is referred to as the special fund, which is used for projects such as the renovation of common parts of property and public facilities and equipment, and shall not be used for other purposes.

Overhaul fund use process

Before the maintenance fund is handed over to the owners' assembly for management and before the maintenance fund is handed over to the owners' assembly for management, the property management will apply to the relevant departments to use the maintenance fund, and the relevant owners will apply for residential areas without property.

After proposing to use the maintenance fund, more than two-thirds of the owners of the community need to agree, otherwise it cannot be implemented. The proposer shall bring relevant materials and apply to the local housing management department. The specific materials will be different according to the policies of each district. It is recommended to know clearly first, so as not to run back and forth because of incomplete information.

The housing management department shall conduct an audit according to the relevant materials provided by the applicant, and after passing the audit, issue a notice document on the transfer of special residential maintenance funds to the bank that manages the maintenance funds. In the end, the relevant bank will directly transfer the corresponding capital expenses to the maintenance unit.