Many purchasers do not know what the maintenance fund is and why it is paid. I'll give you a detailed introduction。
What is the housing maintenance fund
Public maintenance payments are paid by all owners and are shared by all owners, in accordance with the regulations for the management of the fund for the maintenance of shared facilities and equipment, jointly introduced by the ministry of construction and the ministry of finance in 1998. As a general rule, the real estate authority takes over, and when the owner's board is established, the public maintenance money is transferred to the board, which exercises the regulatory powers。
The management of the housing maintenance fund will be guided by five principles, namely, “universal deposit, monopoly storage, earmarked funds, owner decisions, government supervision”, and the housing maintenance fund (housing maintenance fund) will in fact include the housing utilities fund and the home based maintenance fund。
3. A dedicated housing utility fund, known as the specialized fund, may not be diverted to other uses for such items as common property areas, utilities and equipment upgrades and improvements. Specialized funds apply the “money-for-the-house” principle, whereby the balance in the account is transferred to the new owner of the house。
4. The housing maintenance fund is used for major and medium-sized repairs, upgrades and renovations of public facilities after the expiry of their maintenance. (b) public space is the part of the heavy structure (including the inner and external pillars, columns, beams, floors, roofs, etc.), outdoor walls, door halls, stairwells, corridors, etc.;
5. Public facilities and equipment are in the area of property management, which are jointly owned and used by the owner, up and down water pipes, water tanks, pressurization, elevators, antennas, power lines, public lighting, fire-fighting facilities, green areas, roads, ditches, ponds, wells, garages for non-operational garages, facilities for public goods and houses for common facilities。
Why did you pay for the home maintenance fund
Housing maintenance is paid mainly for residential areas and for major repairs, upgrades and alterations after the completion of maintenance of common facilities equipment. The legal basis is the act on the management of funds for special maintenance of housing:
Article 4 shall establish a fund for the maintenance of shared residential areas, shared facilities and equipment (hereinafter referred to as the "maintenance fund") upon sale of commercial and publicly owned housing. The maintenance fund is used to implement the financial management requirements for property management enterprises, specifically for residential co-location and for major repairs, upgrades and alterations after the completion of the warranty of the shared facility equipment。
In the case of the sale of a fifth commodity dwelling, the purchaser and the seller shall enter into an agreement for the payment of the maintenance fund. The purchaser shall pay the maintenance fund to the seller's unit at a rate of 2 to 3 per cent. The maintenance funds collected by the sellers on their behalf are shared by the owners and are not included in the income from residential sales. The rate of collection of maintenance funds is determined by the real estate authorities of the people's governments of the provinces, autonomous regions and municipalities directly under the central government。
The housing maintenance fund is paid in order to ensure the proper operation of the housing complex, and the residents of the residential building are obliged to work together to maintain the common environment and public facilities。
