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What does overhaul fund mean?
After paying the down payment, there are still many fees to be paid, such as overhaul fund, which must be paid in accordance with the regulations before going through the relevant formalities of transfer. So, what does overhaul fund mean?

1. What does overhaul fund mean?

It is a special expense for repairing, maintaining and replacing the facilities and equipment other than the proprietary part of the owner after the warranty period. Because this money belongs to all owners, no one or unit has the right to use it for other purposes; When using, an application must be made first, then a construction plan is formulated, and all votes are organized. Finally, it can be used only after it is approved by the competent department.

Second, what are the conditions for the use of overhaul fund?

1, the use of overhaul fund must be public facilities in the community, and the facilities have passed the warranty period, such as water leakage in the external wall. If it is still under the warranty period, the developer should be responsible for the maintenance, and the owner should not use overhaul fund.

2. Because overhaul fund is a special project, it must be used in specified parts, such as elevator maintenance, building external wall repair, maintenance and management of public power distribution facilities and fire-fighting facilities. , shall not use the owner's proprietary items.

3. When using overhaul fund, all householders must be organized to sign and vote. After obtaining the consent of more than two-thirds of the householders, it will be publicized on the bulletin board of the community for one week, and it can be used without objection, otherwise it will not have the conditions for use.

According to experts from Qijia. Com, the use steps in overhaul fund are very complicated, and the management policies in different places are different, so the requirements for application materials are also different. The application materials must be provided as required, otherwise the application cannot be used.

Editor's summary: The above is the meaning of overhaul fund and the conditions for using overhaul fund. I hope it helps you. If you want to know more, please follow Qijia. com。