What is the real estate fund for buying a house?

Residential special maintenance funds refer to funds earmarked for the maintenance, renewal and transformation of residential public parts and facilities after the warranty period expires.

The management of residential special maintenance funds shall follow the principles of special account storage, earmarking, owner's decision-making and government supervision.

The owners of commercial residential and non-residential houses shall deposit special housing maintenance funds according to the construction area of their own property, and the amount of the first special housing maintenance funds deposited per square meter of construction area is 5% to 8% of the cost per square meter of local residential construction and installation projects.

Residential special maintenance funds shall be earmarked for the maintenance, renovation and transformation of residential parts and facilities after the expiration of the warranty period, and shall not be used for other purposes.

The maintenance, renewal and renovation costs of * * * parts and * * * facilities and equipment between commercial houses or between commercial houses and non-residential houses shall be shared by the relevant owners in proportion to the construction area of their respective properties.

Public housing shall be stipulated separately. For details, please refer to the Measures for the Administration of Residential Special Maintenance Funds.

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