What is a property maintenance fund and under what circumstances is it used?

Property maintenance fund refers to the special maintenance fund that should be paid by the seller and the buyer for the maintenance, renewal and maintenance of some houses, equipment and public facilities when commercial houses, public houses and non-residential properties in residential areas are sold. The property maintenance fund shall be used for the maintenance, renewal and transformation of the property, and shall not be used for other purposes.

Maintenance fund

The establishment of property maintenance fund can ensure the normal maintenance, conservation and renewal of residential buildings and facilities. Property maintenance fund is the "pension" of the house.

The property maintenance fund shall be deposited in a special bank account, accounting by building and household. The property management enterprise entrusted by the owners' committee or owners' congress shall announce the income and expenditure of special maintenance funds at least once every six months and accept the supervision of the owners.

Property maintenance, renovation, renovation and maintenance costs shall be borne in accordance with the following provisions:

(a) the cost of the proprietary part shall be borne by the owner who owns the proprietary part;

(2) The expenses required for part of * * * shall be borne by the owners of part of * * * and part of * * in proportion to their own construction area;

(3) All expenses required for the * * * part shall be borne by all owners in the property management area in proportion to the construction area of their respective houses.

In accordance with the provisions of the establishment of property maintenance fund, part of the * * * with part, all * * * with part of the maintenance, renovation and renovation costs charged in the special maintenance funds. However, if * * * part of the property is damaged artificially, the expenses shall be borne by the responsible person.

(The above answers were published on 20 13-04-27. Please refer to the actual situation for the current purchase policy. )

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