Why is paying the apartment maintenance fund a book?

After the owner pays the maintenance fund, the property management company shall issue a special passbook for the fund to the owner for the owner to hold.

For the owner, getting back the special passbook for maintenance funds means the protection of the right to know, and it can also prevent the maintenance funds from being misappropriated or occupied by the property company. If you can get a special passbook and know how much money you have left and when to use it, you can better safeguard your rights and interests.

According to the Notice on Strengthening the Management of Residential Special Maintenance Funds in Our City, real estate development enterprises (property service enterprises) should deposit the maintenance funds of the commercial houses sold in special banks within 3 working days after collecting the maintenance funds from the buyers, and receive the special passbook for maintenance funds and send it to the buyers. In addition, the Notice also clarifies that the maintenance funds are owned by the owners, and the escrow unit may not use them as collateral or guarantee. Entrusted by a 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.