What is property reserve?

Property reserve refers to the reserve fund that the seller collects from the buyer at one time when selling the commercial house according to the agreement of the sales contract, and is used for future maintenance, overhaul, renewal and transformation of the parts and facilities in the property management area after the warranty period expires, and its ownership belongs to all owners.

The composition of property service cost or property service expenditure generally includes the following parts:

1, salary of management service personnel, social insurance and welfare expenses drawn according to regulations, etc. ; 2, the daily operation and maintenance costs of * * * parts of the property and * * * facilities and equipment; 3, property management area cleaning costs; 4, the property management area greening maintenance costs; 5, property management regional order maintenance costs; 6. Office expenses; 7. Depreciation of fixed assets of property management enterprises; 8. Part of the property, facilities, equipment and public liability insurance fees; 9. Other expenses agreed by the owner.

Units selling houses shall, before handling the property ownership certificate for the owners, transfer the maintenance fund collected to the local property management administrative department for escrow. Conditional community, the owners' committee submitted to the owners' congress for decision, can be entrusted to the owners' committee or property management company for the maintenance fund. If the maintenance fund is managed by the property management administrative department, the property management administrative department shall not interfere with the normal use of the maintenance fund.

The specific measures for the management and use of the after-sales maintenance fund of public housing shall be jointly formulated by the municipal and county financial departments and the real estate administrative departments, and implemented after being reported to the local people's government for approval. The maintenance fund shall be deposited in a special bank account for special purposes. In order to ensure the safety of the maintenance fund, when the maintenance fund is idle, it is strictly forbidden to use it for other purposes, except for the purchase of national debt or other scope stipulated by laws and regulations.