The maintenance fund is not payable annually. Under normal circumstances, developers would require the purchaser to pay the maintenance fund together when buying a new house. This fund is the first maintenance fund for the construction of new commercial dwellings, usually paid by the chamber of commerce at 2-3 per cent of the cost per square metre of the housing area for which the purchaser has purchased. Its maintenance funds are used mainly for communal areas in sub-districts, maintenance and repair of shared facilities and equipment. Under normal circumstances, a one-time payment of the maintenance fund does not require a further payment, and the owner will be organized to pay until the public maintenance fund is fully spent。
What is the maintenance fund for
Upon expiry of the property warranty period, funds may not be used for other purposes for public equipment within property management, for the renovation and maintenance of housing utilities and public areas. Moreover, the housing maintenance fund is dedicated to large-scale housing maintenance, which is not available if only small-scale maintenance of individual buildings。
2. The ownership of the housing maintenance fund belongs to the owners of the sub-districts and the property management company cannot use it for other purposes without its own permission. In the case of fire-fighting equipment, utilities such as elevators need to be maintained, and applications can be made to departments such as fire inspection before the property management company can access the home maintenance fund。
In addition to this, the housing maintenance fund, which is a fee that must be paid by each owner of a house at the time it is collected, is not optional and is used mainly to repair public facilities and the main structure of the house in the sub-region. If you want to use this fee, you need the majority of the industry in the district to do so。
Thank you for watching and hoping to help you。
