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What is overhaul fund? How to use overhaul fund?
What is overhaul fund?
Overhaul fund, also known as the maintenance fund, refers to the fund that the owners of residential properties pay a certain amount of money to a special account for the maintenance of public facilities and equipment in the property area, and authorize the owners' committee to manage and use it in a unified way. Overhaul fund is jointly raised by property owners, who enjoy the ownership of overhaul fund in proportion to their capital contribution, but the right to use it belongs to all owners, and individual owners are not allowed to withdraw their own overhaul fund part from the bank. Overhaul fund is combined with specific houses, which will exist with the existence of houses, will be lost with the existence of houses, and will not change with the changes of specific owners. When the house property right changes and becomes a new owner, overhaul fund should be renamed from the old owner to the new owner.
How to use overhaul fund?
1. After the warranty period expires, * * * assets or * * * facilities and equipment will be used for the overhaul, renewal and transformation of supporting houses and buildings. Such as elevators, secondary water supply, central air conditioning, various pipelines, post offices, garbage lanes, fire-fighting facilities, etc.
2. Used for the maintenance of * * * parts, that is, the load-bearing structural parts of houses, including floors, roofs, beams, columns, internal and external walls, stairs, corridors, etc.
3, the use of overhaul fund, provided that these problems occurred in the * * * use parts rather than the owner's home. For example, problems such as water leakage and ceiling collapse in the owner's home do not belong to this category, so overhaul fund cannot be used.
4. Conventionally, the use of special maintenance funds for property (i.e. overhaul fund) requires the consent of the owners who account for at least two-thirds of the total number of owners and two-thirds of the total construction area.
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