New Regulations of Jiangsu Maintenance Fund in 2020

New Regulations of Jiangsu Maintenance Fund in 2020

According to the relevant provisions of the Measures for the Administration of Special Maintenance of Residential Buildings in Jiangsu Province, if the residential property built by the transferee needs to be equipped with elevators after the implementation of the Regulations on Property Management in Jiangsu Province, the construction unit shall deposit a special maintenance deposit for elevators, fire fighting and other facilities and equipment according to the proportion standard of 1% of the total construction and installation cost before delivery, or deposit it according to the calculation and calculation of the construction and installation cost per square meter of commercial residential buildings owned by similar owners in the city where the property is located, and set up a special maintenance sub-account for accounting.

Where the property is located, if the owner fails to deposit it after the establishment of the commercial housing maintenance system, it shall be deposited according to the deposit standard of similar commercial housing in the same period. If the balance of the maintenance owner's ledger is lower than 30% of the initial deposit, it shall be renewed in time.

Moreover, when using the maintenance fund, it is necessary to obtain the consent of the owners whose exclusive part accounts for more than 2/3 of the total construction area and accounts for more than 2/3 of the total number of owners in the property management area, and sign a written opinion.