What is the purpose of the property maintenance fund?

The property maintenance fund can only be used for the maintenance of * * * parts of residential areas and * * * facilities after the warranty period, and cannot be used for the maintenance of the owner's personal residence.

1, who will pay the property maintenance fund?

If the developer and the buyer have agreed in the purchase contract that the property maintenance fund shall be paid by the owner, and the owner has no objection to this, the owner still needs to continue to pay, otherwise the developer will pay.

2. Withdrawable amount

Maintenance costs should be paid by the interest generated by the maintenance fund, and when the interest is insufficient, it can only be paid from the principal. But if the principal is withdrawn, the maintenance fund must be deposited in the corresponding bank.

3. Withdrawal procedure

The application and use of the maintenance fund must be approved by the industry Committee, not the property management company. The payment of the maintenance fund will directly reach the users, not the industry Committee or the property management company.

4. The property has no right to control the maintenance fund.

According to the relevant regulations, the control right of the maintenance fund belongs to all owners, and the specific management and use is the responsibility of the industry Committee, while the property has no right to control the maintenance fund, let alone misappropriate it.

5. The maintenance fund can be refunded.

When the house is demolished or completely destroyed for various reasons, the owner can get back the unused maintenance fund after passing the examination.

6. Second-hand transactions require transfer of maintenance funds.

Second-hand housing transactions, the new owners should also handle the maintenance fund transfer procedures. If the maintenance fund has not been paid, the new owner will continue to pay.

7, maintenance fund interest

The focus of the maintenance fund is interest appreciation. After paying the maintenance fund, the owner should monitor whether the interest is deposited in the maintenance fund account as soon as possible to avoid being misappropriated by the developer.