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What should the real estate maintenance fund do if the remaining expenses are less than 30%?
This is a local regulation. If the property maintenance funds are not paid in accordance with the Measures for the Administration of Special Maintenance Funds for Residential Buildings, the Housing Authority will generally restrict the transfer transaction.
Article 17 of the Measures for the Administration of Residential Special Maintenance Funds stipulates that:
If the balance of the special maintenance fund of the owner's household residence is less than 30% of the initial deposit, it shall be renewed in time.
If the owners' meeting is established, the renewal plan shall be decided by the owners' meeting.
If the owners' meeting is not established, the specific management measures for renewal shall be formulated by the construction (real estate) department of the people's government of the municipality directly under the central government, the city and the county jointly with the finance department at the same level.
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