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What is the impact of frequent use of maintenance funds on property owners?
Legal basis: Article 6 of the Administrative Measures for the Use of Public Maintenance Funds. Before the establishment of the CMC (that is, during the escrow period of maintenance funds), maintenance funds shall not be used in principle. If it is really necessary to use it, it shall be handled in accordance with the following procedures:
1. The property management enterprise shall entrust a professional intermediary agency recognized by the Municipal Bureau of Land and Housing Management to evaluate and calculate the necessity and cost of maintenance projects according to relevant standards and quotas. 2. The property management company can only carry out maintenance works after being appraised by an intermediary agency. 3. After the maintenance project is completed, it will be checked and accepted by the intermediary agency, and the qualified ones will be issued with certificates, and the unqualified ones will be required to be reworked. 4. The property management enterprise shall apply to the escrow unit for withdrawal of the maintenance fund with the maintenance project settlement invoice and the certificate issued by the intermediary agency.
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