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What should I do if overhaul fund runs out of property management regulations?
Legal analysis: after the maintenance fund is used up, the houses, equipment, facilities and venues are still in use. If they need to be updated, modified, overhauled or replaced, all property owners, that is, all owners, will continue to raise funds. If the resistance is relatively large, the government's housing and construction departments, offices and neighborhood committees can organize their own owners' meetings and temporarily renew the lease. The best way is to continue to raise maintenance funds according to the distribution of local property area to ensure the normal use of houses, equipment and facilities in the later period.
Legal basis: Article 17 of the Measures for the Administration of Residential Special Maintenance Funds. If the balance of residential special maintenance funds in the owner's account is less than 30% of the first deposit amount, it shall be renewed in time. If the owners' meeting is established, the renewal plan shall be decided by the owners' meeting. If the owners' meeting is not established, the specific management measures for renewal shall be formulated by the construction (real estate) department of the people's government of the municipality directly under the central government, the city and the county jointly with the finance department at the same level.
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