What is the triple maintenance fund?

The maintenance fund is in triplicate, one for the individual, one for the housing management department and one for the bank.

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* * * What's the difference between a maintenance fund and a property fee?

Paid ownership

The public maintenance fund shall be paid by the owner in one lump sum before the formal occupancy, and it is not necessary to pay again after the occupancy without special circumstances. This fee is kept by the housing and construction bureau where the community is located, but the ownership of the use belongs to the owner. It can only be used when the warranty period of the house expires or the house in the community is overhauled. When it is used, all owners need to vote.

The property fee shall be paid by the owner on a monthly basis or as agreed after moving into the community. This money belongs to the property management company, and it is the reward obtained by the property management company for the daily maintenance, repair, rectification and other services related to residents' lives, such as housing construction and its equipment, greening, sanitation, transportation, public security and environment. Owners cannot default on property fees for any reason.

Expensive use process

The ownership of the public maintenance fund belongs to all owners, so if you want to use this fund, you must get the consent of the owners. The specific application process is to apply to the owners' committee, and then notify all owners. If this measure is approved by two-thirds of the owners, the maintenance can only be started with the allocated funds after review and approval.

Property fee is the daily maintenance and management of the community. If some minor repairs are needed in the public areas of the community, or if the owners find any damage or problems, they can give feedback to the property company and register with the property management office. After the property company confirms the approval, he can use this fee to maintain and repair the community.

Utilization range

An important difference between public maintenance funds and property fees is the difference between big and small. The public maintenance fund is mainly used for large-scale renovation of residential areas, mainly including house waterproofing, wall maintenance and elevator maintenance.

Compared with the public maintenance fund, the use of property fees belongs to minor repairs, mainly for environmental sanitation maintenance and care within the community. The reasonable use of property fees is enough to ensure the normal daily life of the owners.