What is a property maintenance fund?

Property maintenance fund is a special fund for renovation and transformation of some buildings and facilities in the community. Because this part of the funds belongs to the special fund, belongs to all the owners, and must be approved by the owners before use, so the principle that the money goes with the households is adopted. Even if the house has been sold, as long as the balance in the account is sufficient, there is no need to pay it back.

The difference between maintenance fund and property fee is:

1, payment ownership is different. The maintenance fund is a fee that needs to be paid before moving into your own house, which is usually paid in one lump sum, while the property management fee belongs to the property management company, which is usually paid quarterly or annually.

2. The process of using these two funds is different. When using the maintenance fund, at least two-thirds of the owners need to agree, and the property fee is generally controlled by the property company. The cost of using this part can be used to maintain and repair the community. Yoshiya real estate encyclopedia, buying a house needs more knowledge.