What is the property maintenance fund and how should the owners use it correctly?

The use conditions of the property maintenance fund are mainly used for the maintenance and renewal of public parts, facilities and equipment of the property after the warranty period expires. When the maintenance funds are idle, it is forbidden to use them for other purposes except purchasing government bonds or risk-free financial management. The proportion of maintenance funds paid by the fund shall be paid to the commercial bank designated by the real estate administrative department of the city where the house is located according to the standard of 2%3% of the total house price or 0/00 yuan per square meter to 200 yuan when the buyer purchases the house from the developer and handles the property right transfer. The specific collection standard of maintenance funds is determined by the local real estate administrative departments according to local conditions.

Legal basis: Article 4 of the Measures for the Administration of Residential Special Maintenance Funds follows the principles of special account storage, earmarking, owner's decision-making and government supervision.

The use of public maintenance funds for property must be approved by the owners' committee in accordance with the property management regulations. Here, the owners of the community need to vote, and the maintenance fund cannot be used privately and automatically. If you think that the property automatically uses the maintenance fund privately, you can complain to the Property Office of the Housing and Construction Bureau.