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  • What is the funding for home maintenance? Who's in charge

       2026-05-12 NetworkingName770
    Key Point:Readers: housing-specific maintenance funds, also known as life money and old-age money for housing, are mainly earmarked for property sharing, repair and upgrading after the completion of maintenance of facilities and equipment. Why, then, should special maintenance funds be established? How to manage it? Under what conditions? Do owners have to pay for specialized maintenance? An xiaoqiao will introduce you to a special home maintenance fundI.

    Special maintenance fund

    Special maintenance fund

    Readers: housing-specific maintenance funds, also known as “life money” and “old-age money” for housing, are mainly earmarked for property sharing, repair and upgrading after the completion of maintenance of facilities and equipment. Why, then, should special maintenance funds be established? How to manage it? Under what conditions? Do owners have to pay for specialized maintenance? An xiaoqiao will introduce you to a special home maintenance fund

    I. Why finance for special maintenance

    This is due mainly to the fact that the property has a certain warranty period, such as a five-year leakproof warranty for rooms and exterior walls, electrical pipes, drainage pipes, equipment installation for two years, etc. During the maintenance period, the construction unit was responsible for the maintenance of the property; when the maintenance of the property expired, responsibility for the maintenance of the property was transferred from the maintenance unit to the property owner。

    In the case of dispersed owners, it is difficult to raise the costs of common property areas, common facilities and equipment maintenance or upgrading, and renovations from owners in a short period of time without funds for specialized residential maintenance. The establishment of specialized residential maintenance funds provides the basic conditions for timely maintenance and maintenance of property. It can be said that the funds for specialized maintenance are equivalent to the “medical and old-age insurance benefits” for housing, which helps to improve and maintain the rate of housing well-being, to extend the useful life of the home and to achieve the goal of physical security。

    Ii. What is the special maintenance fund for

    The funds for specialized maintenance are shared by the owners and are used for the maintenance, upgrading and adaptation of shared areas and facilities after the end of the warranty period and may not be diverted。

    Common space (e. G., floor, outer wall)

    Special maintenance fund

    2. Shared facility equipment (e. G. Fire-fighting facilities, elevators, pumps)

    Special maintenance fund

    Special maintenance fund

    Iii. Who manages funds for specialized maintenance

    In the absence of an operating committee, the funds for specialized maintenance are held by the municipal housing fund administration and are deposited in bank accounts。

    In the case of an industrial council, the general assembly of owners may delegate to the municipal housing fund administration or may decide to administer the special maintenance fund。

    Focus: how to manage dedicated maintenance funds

    1. Two-thirds consent

    The owner's decision to administer it is subject to the convening of a conference of owners and the opening of an account at an eligible maintenance bank, with the consent of the owner, who alone accounts for more than two thirds of the building's total area within the scope of the special maintenance funds。

    2. Publication of management accounts

    Self-administered accounts are issued on a quarterly basis. These include, inter alia, maintenance funds re-financing accounts, public revenue replenishment maintenance accounts, maintenance funds disbursement accounts, maintenance funds storage proceeds accounts, etc. District building or housing authorities should supervise and direct the use of specialized maintenance funds。

    Next issue: today we are focusing on the reasons for the creation of a dedicated maintenance fund and its conditions and forms of management. In the next period, we will continue the topic of special home maintenance funds and talk about how special maintenance funds are spent, and must owners pay for special maintenance funds? Don't miss it

    Compilers sector: property workshop

     
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