Scope of use of housing maintenance fund

It is used for large and medium-sized repair and renovation projects of the main structure, shared parts and shared facilities and equipment of the house after the warranty period expires. The main load-bearing structures of houses include foundation, internal and external load-bearing walls, columns, beams, floors and roofs. Public parts refer to outdoor walls, hallways, stairwells, corridors, etc. Public facilities and equipment refer to water supply and drainage pipelines and equipment, distribution cables and equipment, elevators, public lighting, fire-fighting facilities, green spaces, roads, ditches, non-operating parking garages, public cultural and sports facilities and other facilities and equipment owned and used by the owner.

fund management

According to the Measures for the Administration of Residential Special Maintenance Funds, which came into effect on February 1 2008, public maintenance funds are paid by all owners and owned by all owners. Under normal circumstances, the maintenance fund is established under the unified supervision of the real estate management department where the property is located and managed by the property management company. After the establishment of the owners' committee, the maintenance fund will be handed over to the industry committee, which will exercise the management right.

The owners' committee shall set up a special account for the property maintenance fund in the commercial bank designated by the real estate administrative department, and report the account to the real estate administrative department for the record. The account is all the maintenance funds paid by the owners in the property. This account can only be used for the storage and management of the maintenance fund and shall not be used for other purposes. At the same time, the bank set up a sub-account for each owner to show the use and retention of all maintenance funds of the owner. The use and supplement of the maintenance fund shall be decided by the owners' meeting.

Maintenance fund management shall comply with the following provisions:

1. The real estate administrative department shall regularly inquire about the deposit of the maintenance fund from the special bank and publish it in the property.

2. The real estate administrative department shall regularly report the deposit of the maintenance fund to the higher real estate administrative department.

3. The owners' committee shall regularly announce the use and balance of the maintenance fund to all owners.

4. A single owner can check the use and retention of the maintenance fund under his name with the invoice of the maintenance fund. In case of property losses caused by demolition, the owner can withdraw the balance in the sub-account from the bank with relevant certificates.