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  • What are the funds for specialized repairs? What are the conditions for application

       2026-02-18 NetworkingName930
    Key Point:Friends who are eligible to buy a new home should be aware of the need to contribute to a special maintenance fund for a new home, namely, the common space, common facilities and equipment maintenance fund established by the ministry of construction in accordance with the regulations for the management of the fund for the maintenance of facilities and equipment for shared housing. What is the amount of special maintenance funds for the renovation

    Friends who are eligible to buy a new home should be aware of the need to contribute to a special maintenance fund for a new home, namely, the common space, common facilities and equipment maintenance fund established by the ministry of construction in accordance with the regulations for the management of the fund for the maintenance of facilities and equipment for shared housing. What is the amount of special maintenance funds for the renovation of buildings? What are the conditions for application

    Request report for a maintenance unit

    I. What are the funds for specialized repairs and repairs

    1. The proportion of the maintenance funds collected is paid to commercial banks designated by the real estate authorities of the district in which the property is located, in accordance with the ratio of 2 per cent to 3 per cent of the total house price to be paid by the purchaser of the house from the developer. The specific collection criteria for the maintenance fund are determined by the local real estate authorities on the basis of actual local experience。

    2. The owner or non-owner of the dwelling deposites the housing special maintenance fund in accordance with the building area of the property owned, and the amount of the first housing special maintenance fund per square metre is 5-8 per cent of the construction price per square metre of the local residential construction works。

    3. The owner deposits the housing special maintenance fund in accordance with the building area of the property he owns, 20 per cent of the first floor area per square metre, 30 per cent of the sale price for the upper floor and a one-time withdrawal from the housing special maintenance fund。

    4. 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。

    5. The current standards for depositing funds for the first phase of specialized maintenance are: 90 yuan/m2 at the upper level (including multiple layers of elevators) and 50 yuan/m2 at the multi-layer (including villas). When selling a commercial house, the purchaser and the seller shall enter into an agreement for the payment of the home maintenance fund, and the purchaser shall pay the home maintenance fund to the seller at a rate of 2 to 3 per cent of the purchase price。

    Request report for a maintenance unit

    Ii. What are the conditions for applying for funds for specialized repairs to housing

    The use of specialized maintenance funds shall be subject to the following conditions:

    (i) should be used specifically for the maintenance, upgrading and adaptation of common property areas and common facilities equipment upon expiration of warranty。

    (ii) the owner's signature of more than two thirds of the total area of the building and the total number of owners in the beneficiary area。

    The applicant is responsible for the authenticity, legality and validity of the information requested. Applicants who conceal the truth or provide false information bear the corresponding legal responsibility under the law。

    The use of funds dedicated to maintenance of property under article 18 shall be based on the principles of accessibility, transparency and consistency between beneficiaries and payers。

    The costs of common property shares, maintenance, upgrading and renovation of shared facilities and equipment are shared among the relevant owners in proportion to their respective ownership of the building area, as agreed by the owners concerned。

    If the individual account of the maintenance funds is underutilized, the owner bears the burden。

    Article 20 provides for the sharing of property, the maintenance, upgrading and adaptation of shared facilities and equipment, in respect of property that has not been sold, and the development unit shall share the cost of maintenance, renovation and renovation in accordance with the building area of the property that has not yet been sold。

    The following procedure is followed when article 21 uses funds for specialized maintenance of property:

    (i) owners ' committees, relevant owners, property service enterprises (community residence committees employing property service personnel) submit applications for use to regulatory bodies under maintenance, renovation and rehabilitation projects。

    (ii) administration of external surveys to identify maintenance projects and define the extent of benefits。

    (iii) publicity of the maintenance programme within the property area, including projects to be maintained, updated and retrofitted, the manner in which the maintenance unit is selected, the cost budget, the range of expenses, etc., for a period of not less than five working days。

    (iv) owners who own more than two thirds of the total area of the building and more than two thirds of the total number of owners within the benefit range discuss the adoption of the application and determine the maintenance programme。

    Request report for a maintenance unit

    (v) maintenance programmes organized by the owners ' committees, relevant owners, property service enterprises (community house committees employing property service personnel); maintenance costs of more than $50,000 are subject to review by an engineering pricing advisory body with the appropriate qualifications and are included in the cost of maintenance, renovation and adaptation。

    (vi) the organizational implementers of the post-acceptance maintenance programme after the completion of the work shall publish the accounts for the maintenance, renovation and alteration projects, the proprietary statements, the apportionment details, etc., for a period of not less than five working days。

    (vii) the authority makes payments in accordance with the maintenance contract and the schedule of work. Following an audit of the publicity, the authority agreed to retain the retention bond under the maintenance contract, transferring the balance of maintenance costs to the maintenance unit and deducting it from the account of the respective owner's personal property special maintenance funds。

    As a result of the specific methods for the management and use of the fund after the sale of publicly owned housing, the municipalities, county finance departments and the real estate administration authorities jointly developed and implemented with the approval of the local people's government, the authorities will adapt to the local realities. It is therefore recommended that, when purchasing or maintaining, local authorities be consulted in advance about the policy and apply for it。

     
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