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When will the public maintenance fund for newly purchased commercial housing in Beijing be paid?
The maintenance fund is generally paid to the housing management department when handling the property right certificate (two certificates). The "housing maintenance fund" for newly-built commercial housing is paid by the owner to the bank with a special account in the government housing management department after the development and construction unit has obtained the occupancy permit, and can be collected by the developer, but the bank with a special account in the government housing management department must issue a receipt, and the housing property certificate can be processed with this receipt.

Special housing maintenance funds (hereinafter referred to as maintenance funds) refer to the funds paid in one lump sum by the owners or public housing sales units, or paid in one lump sum by the construction units, which are earmarked for the maintenance, renewal and transformation of housing parts and facilities after the warranty period expires.

* * * The use parts of the house, facilities and equipment of the house refer to all the * * * used parts, facilities and equipment used by all the owners of a single house and all the * * * used facilities and equipment used by all the owners of residential quarters according to laws and regulations and the stipulations of the house sales contract.

Maintenance funds shall be subject to the management principles of unified collection, special account storage, property management area as a unit, building accounts one by one, accounting to households, earmarking, owner's decision-making, and government supervision, and no unit or individual may use them for other purposes.

Commercial housing maintenance funds can be paid directly by the owners or collected and remitted by the construction unit.

Before the construction unit handles the initial registration of commercial housing ownership, the owner and the public housing selling unit will deposit the funds into a special bank according to the amount in the Notice of Deposit of Maintenance Funds issued by the real estate and housing reform departments before handling the registration of housing ownership and transfer. A specialized bank shall issue a maintenance fund deposit certificate to the depositor. The Ministry of Construction made the above provisions as early as 2003.

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