What is the purpose of the rent maintenance fund?

1. Maintenance funds are generally public facilities, roads, bridges and houses in the community, such as large-scale projects such as roof leakage or external wall leakage, which are reported to the Housing Authority for approval by the industry committee;

2, the scope of application of housing maintenance fund are

(1) The maintenance fund can only be used for overhauling, updating and transforming the public parts and facilities of the property after the warranty period expires;

(2) The specific owners shall determine the standard cost-sharing ratio according to the voting rights. When the maintenance fund is idle, it is forbidden to use it for other purposes except for purchasing national debt or other funds stipulated by laws and regulations.

The provisions of the rent maintenance fund are as follows:

1, the first phase of housing special maintenance funds, the owner can directly deposit into the housing special maintenance fund account, or entrust real estate development enterprises to pay;

2. Entrusted by the real estate development enterprise, the real estate development enterprise shall, within 30 days from the date of receiving the housing maintenance fund, deposit the housing special maintenance fund into the housing special maintenance fund account, and the conditions for the use of the maintenance fund:

(1) The maintenance fund can only be used when the warranty period expires, the public parts of the property and the facilities and equipment of the property are overhauled, updated and transformed. The specific owners shall share the cost proportion according to the determination standard of voting rights;

(two) when the maintenance fund is idle, it is forbidden to use it for other purposes except for purchasing government bonds or other funds stipulated by laws and regulations;

(3) Due to special purposes, the property management company may temporarily borrow the reserve fund equivalent to one month's daily maintenance and renewal cost of the property from the maintenance fund, unless otherwise agreed in the property management service contract.

To sum up, the purpose of the rent maintenance fund is that the maintenance fund is generally public facilities, roads, bridges, houses, etc. in the community, such as large-scale projects such as roof leakage or external wall leakage, which are reported to the Housing Authority for approval by the industry committee.

Legal basis:

Article 282 of the Civil Code of People's Republic of China (PRC)

The income generated by the construction unit, the realty service enterprise or other managers from the owner shall be owned by the owner after deducting the reasonable cost.