What is the maintenance fund of the property exchange?

Maintenance fund refers to the funds used for the maintenance and renewal of public facilities in residential areas or properties.

Is a part of * * * facilities and equipment, specially used for renovation, renewal and transformation of buildings in the community. It is a special fund that every community must set up, and its property rights belong to all owners. Therefore, it must be approved by the owner before use, otherwise it is suspected of abusing funds.

How to use the property maintenance fund paid by the owner

1, which is used for the maintenance and replacement of the main structure, public parts and facilities of the house after the warranty period expires;

2. The main body of the house has been reported to the internal and external walls, columns, beams, floors and roofs. , and the public part includes exterior walls, stairwells, corridors, etc. , public * * * equipment including pipes, elevators, fire control, garage, etc.

3. Generally, in communities without owners' committees, the housing maintenance fund is managed by the Housing Authority, but the application procedure is very complicated. If you want to use the housing maintenance fund, you must follow the principle of double two-thirds special majority, that is, the owners who account for more than two-thirds of the total construction area and more than two-thirds of the total number of people can apply after discussion.

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

Legal basis: Article 18 of the Measures for the Administration of Residential Special Maintenance Funds.

Residential special maintenance funds shall be earmarked for the maintenance, renovation and transformation of residential parts and facilities after the expiration of the warranty period, and shall not be used for other purposes. The use of residential special maintenance funds should follow the principles of convenience, openness and transparency, and the consistency of beneficiaries and burdens.