Maintenance fund use conditions:

1. The maintenance fund can only be used when the warranty period expires, the public parts of the property and the * * * facilities and equipment are overhauled, updated and transformed. The specific owners shall share the cost proportion according to the determination standard of voting rights.

2. When the maintenance fund is idle, it shall not be used for other purposes except the purchase of treasury bonds or other funds stipulated by laws and regulations.

When signing an agreement, buyers and sellers encounter the problem of whether the house maintenance fund should be paid by the buyer. The usual solution is that the buyers and sellers finally reach an understanding through negotiation. Generally speaking, there are four treatment methods:

1. The owner of the house will distribute the house maintenance fund to the customer free of charge.

2. After negotiation between the buyer and the seller, the customer and the owner shall jointly bear the expenses, that is, the customer shall bear 50% of the expenses of the house maintenance fund paid by the original owner.

3. The buyer and the seller negotiate to pay the house maintenance fund fee according to a certain proportion. The proportional formula is (house ownership period-the time difference between the original owner buying the house and selling the house)/house ownership period. (Note: The term of general house ownership is 70 years)

4. If the owner of the house does not agree to defer the house maintenance fund to the customer free of charge, and is unwilling to share the cost with the customer in proportion, then if the buyer buys a house, he will bear the expenses of the house maintenance fund paid by the original owner when buying a house.

References:

Housing Maintenance Fund _ Baidu Encyclopedia?