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How much of the housing maintenance fund will be used by the owners?
The Property Law (Draft) clearly stipulates that the maintenance fund of buildings and their ancillary facilities belongs to all owners and can be used for local maintenance of elevators and water tanks. According to the decision of the owner.
As for how to use the maintenance fund, Article 78 of the draft stipulates that raising and using the maintenance fund for buildings and their ancillary facilities shall be subject to the consent of the owners whose exclusive parts account for more than half of the total building area and more than half of the total number of people. Where there are other provisions in the law, those provisions shall prevail.
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