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Rules for handling default of special maintenance funds
The property special maintenance fund has been paid in one lump sum when the owner purchases the house, and there is no need to go through the formalities. Unless the property has run out of special maintenance funds when buying a house, it should be collected again. However, no matter whether it is the first time or the second time, there is no liquidated damages for the special maintenance funds. See the property management contract signed with the property for details.