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Suzhou 2022 Maintenance Fund Standard
Suzhou 2022 Maintenance Fund standards are as follows:

According to the provisions of the Civil Code and the Measures for the Administration of Residential Special Maintenance Funds, which came into effect on February 1 2008, the residential special maintenance funds are paid by all owners and owned by all owners. Under normal circumstances, the maintenance funds are established under the unified supervision of the real estate management department where the property is located, and the property management company or management unit applies for withdrawal. After the establishment of the owners' committee, more than two thirds of the owners' households and construction area agree to hand over the maintenance funds to the industry committee, which will exercise the management right.

According to Article 5 of the Measures for the Management of Maintenance Funds for Facilities and Equipment in Residential Areas, when selling commercial houses, the buyer and the seller shall sign an agreement on the payment of maintenance funds.