Is it necessary to pay the property reserve?

This fund is managed by the property management department. After the establishment of the property management company, the property management company shall hand it over to the industry committee. Property maintenance fund is generally a one-time payment before the owner moves in as a special fund for property maintenance.

The payment process of property reserve is as follows:

1. Signing a property service contract: the owner signs a property service contract with the property management agency, which includes the payment standard and payment method of the reserve fund;

2. Payment of reserve fund: According to the stipulations of the property service contract, the owner is required to pay the reserve fund on time. Under normal circumstances, the property management agency will specify the payment amount of the reserve fund in the monthly property fee bill, and the owner can pay according to the amount on the bill;

3. Reserve management: the property management agency will deposit the received reserve into a special account for management, and regularly announce the use and balance of the reserve to the owners;

4. Use of the reserve fund: the reserve fund is mainly used for the repair, maintenance and update of the parts, facilities and equipment used by the property, and the property management institution shall use it according to the needs, and announce the usage and expenditure details to the owner after use.

The specific purposes of the property reserve are as follows:

1, repair and update some public facilities and equipment, such as elevators, water pipes, stairs, access control, etc. , to ensure the normal operation and safe use of property facilities;

2. Respond to emergencies, such as natural disasters, fires and floods. , to ensure the safety of owners and property;

3. Maintain and manage the property, including but not limited to the wages of property management personnel, property management fees, insurance fees, etc.

4. Accumulate emergency funds.

To sum up, the unit selling houses should hand over the maintenance fund (property reserve) collected to the local property management administrative department for escrow before handling the property ownership certificate for the owners.

Legal basis:

Article 41 of the Regulations of People's Republic of China (PRC) Municipality on Property Management.

The owner shall pay the property service fee in accordance with the provisions of the property service contract. If the owner and the user of the property agree that the user of the property shall pay the property service fee, the owner shall bear joint and several liability from the agreement. Property that has been completed but has not been sold or handed over to the property buyer shall be paid by the construction unit.