When will Gong Weijin pay to whom?

The public welfare fund should be turned over to the real estate department in full when handling the transfer formalities of the deed.

In practice, under the premise that the owners' committee has not been established in the newly-built residential area, the property company will collect funds on its behalf.

Maintenance fund use conditions:

1. The maintenance fund can only be used when the public parts of the property and the facilities and equipment used for * * * * are overhauled, updated and transformed after the warranty period expires;

2. When the maintenance fund is idle, it is forbidden to use it for other purposes except for purchasing treasury bonds or other funds as stipulated by laws and regulations;

3. The property management company may 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.

legal ground

Measures for the administration of residential special maintenance funds

Eighth sale of public housing, in accordance with the following provisions of the deposit of residential special maintenance funds:

(1) The owner shall deposit the special maintenance fund for the house according to the construction area of the property he owns, and the amount of the first special maintenance fund for the house per square meter of construction area shall be 2% of the local housing reform cost price.

(two) units selling houses shall, in accordance with the proportion of not less than 20% of multi-storey houses and not less than 30% of high-rise houses, draw a one-time special maintenance fund for houses from the sales funds. Article 10 Before the establishment of the owners' meeting, the residential special maintenance funds deposited by commercial residential owners and non-residential owners shall be managed by the construction (real estate) department of the people's government of the municipality, city or county where the property is located.

The competent departments of construction (real estate) of the people's governments of municipalities directly under the central government, cities and counties shall entrust local commercial banks as the management banks of special residential maintenance funds accounts within their respective administrative areas, open special residential maintenance funds accounts, and set up sub-accounts with the property management area as the unit according to the house number; If the property management area is not demarcated, an account shall be set up in units of buildings, and a sub-account shall be set up according to the house number. Eleventh before the establishment of the owners' meeting, the special maintenance funds for the sold public housing shall be managed by the financial department of the people's government of the city or county where the property is located or the competent department of construction (real estate).

The department responsible for the management of special maintenance funds for public housing shall entrust a local commercial bank as the special account management bank for special maintenance funds for public housing within its administrative area, and open a special account for special maintenance funds for public housing in the special account management bank.

To open a special maintenance fund account for public housing, an account shall be set up according to the unit selling the house and a separate account shall be set up according to the building; Among them, the special residential maintenance funds deposited by the owners shall set up a sub-account according to the house number.