What is the commercial housing overhaul fund?

1. The commercial housing overhaul fund refers to the special fund for housing public facilities, referred to as the special fund, which includes the special fund for housing public equipment and the housing itself. Maintenance Fund.

2. China’s housing maintenance fund system originated in 1998. In 2004, the housing maintenance fund evolved into a fee that must be paid when applying for a property certificate. The payment standard was also changed from the initial 2% of the purchase price. The payment ratio of ~3% has changed to the payment of 5%~8% of the cost per square meter of residential construction projects in 2008.

3. According to the provisions of the special residential maintenance management measures revised in 2007, the public maintenance fund is specially used for the maintenance of public facilities in the community and belongs to all owners. Before the establishment of the owners' committee, it was generally managed by the real estate administrative authority.

4. The name of the House Maintenance Fund has changed several times over the years. In 1998, it was called the House Maintenance Fund, and later it was changed to the Commercial Housing Public Maintenance Fund. In 2007, according to the joint decision of the Ministry of Construction and the Ministry of Finance, Order No. 165 was issued, after all, for residential special maintenance.