The public maintenance fund is a fee that every home buyer must pay when purchasing a new house. Its function is to be used for the later repairs and maintenance of the building where the property rights are located. It is a special fund and cannot be misappropriated by any individual or unit without authorization.
Even if the owner wants to use the public maintenance fund, he must meet certain conditions.
How to use public *** maintenance funds: According to the "Interim Measures for the Use of Special Maintenance Funds in Commercial Residential Areas", owners' committees and property owners who need to use public *** maintenance funds must meet the following processes and conditions before they can be used: 1. There are reasonable standards.
Repair and renovation plan; 2. Two-thirds of the owners in the building or community need to agree and confirm the use of public maintenance funds; 3. Bring the repair plan and the owners’ written consent to go through the filing procedures; 4. Issuance of special funds for special purposes
bank account; 5. The housing management center will transfer the funds to the special account after approval; 6. Qualified completion acceptance is required after the repairs are completed; 7. After the repairs and renovations are completed, the corresponding settlement review will be carried out.
If the community needs to use the community's public maintenance fund without establishing a property owner committee, a property company or maintenance company can follow the above procedures and transfer the special funds to the property or maintenance company account.