What is a housing maintenance fund?
Housing maintenance fund actually includes housing public facilities special fund and housing maintenance fund. The special fund for housing public facilities shall be used for projects such as the renovation of property parts and public facilities and equipment, and shall not be used for other purposes. Earmarking is the principle of "money goes with the house". When the house is transferred, the remaining funds in the account are also transferred to the new owner of the house.
Under normal circumstances, the buyer needs to pay the house maintenance fund before the formal delivery. When paying the first housing maintenance fund, the owner can deposit it directly into the special account of the housing maintenance fund, or entrust the developer to help pay.
When buying a house, the buyer not only needs to pay the house price, but also needs to pay the house maintenance fund. Housing maintenance fund refers to the special maintenance funds paid by the owners of residential quarters for the maintenance of public parts and facilities and equipment of residential buildings. This special fund will be deposited in the special account of the housing maintenance fund, and the owners' committee of residential quarters will be authorized to manage and use it.
Legal basis:
Article 7 of the People's Republic of China (PRC) Negotiable Instruments Law.
The signature on the bill is signature, seal or signature and seal. The signature of the legal person or other organization that uses the bill shall be the signature of the legal person or other organization plus the signature of its legal representative or its authorized agent. The signature on a bill of exchange shall be the real name of the party concerned.
Article 8 The amount of a bill of exchange shall be recorded in Chinese capital and figures at the same time, and the two must be consistent. In case of inconsistency, the bill is invalid.
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