Overhaul fund's New Policy for 2020

According to Article 5 of the Measures for the Management of Maintenance Funds for Facilities and Equipment in Residential Areas, when selling commercial houses, the buyer and the seller shall sign an agreement on the payment of maintenance funds.

According to the Property Law and the Measures for the Administration of Special Maintenance Funds for Residential Buildings, which came into effect on February 1 2008, the special maintenance funds for residential buildings are paid by all owners and owned by all owners. Under normal circumstances, the maintenance funds are established under the unified supervision of the real estate management department where the property is located, and the property management company or management unit applies for withdrawal. After the establishment of the owners' committee, more than two thirds of the owners' households and construction area agree to hand over the maintenance funds to the industry committee, which will exercise the management right.

Extended data:

Precautions:

The property management company can temporarily borrow the reserve fund equivalent to one month's daily maintenance and update cost of the property from the maintenance fund; Unless otherwise agreed in the property management service contract.

If the house needs to be overhauled or specially maintained or updated, the advance payment agreed in the construction contract may be withdrawn, but the advance payment shall not exceed 30% of the total project amount.

The owners' committee may keep a reserve fund equivalent to one month's activity funds in the account of the property management enterprise, unless otherwise decided by the owners' meeting.

People's Network-About overhaul fund Consulting Housing Construction Bureau or Housing Management Bureau.