What is the impact on the owners if they don't pay the special maintenance funds for the property?

Failure to pay violates the national Measures for the Administration of Special Maintenance Funds for Residential Buildings.

Special maintenance funds refer to the funds that the owners of residential properties pay a certain standard to a special account for the maintenance of public parts and facilities and equipment in the property area, and authorize the owners' committee to manage and use them in a unified way.

Special maintenance funds are raised by the property owners, who enjoy the ownership of maintenance funds according to the proportion of payment, but the right to use belongs to all owners, and individual owners may not withdraw all their own maintenance funds from the bank. The maintenance fund is combined with a specific house, exists with the existence of the house, and is also lost with the existence of the house, and does not change because of the change of the specific owner. When the house property right is changed to a new owner, the maintenance fund should also be renamed from the old owner to the new owner.

The proportion of special maintenance funds shall be paid by the buyer to the commercial bank designated by the real estate department of the district where the property is located according to the proportion of 2%~3% of the total house price when purchasing the house from the developer and handling the property transfer. The specific collection standard of maintenance funds is determined by the local real estate administrative departments according to local conditions. The maintenance fund shall be established under the unified supervision of the real estate management department where the property is located and managed and used by the property management company.