Maintenance fund interest refers to the interest generated by the special housing maintenance fund paid by the owners. The principal of the housing maintenance fund shall be paid by all owners, and the principal and interest shall be owned by all owners. However, the funds are earmarked for the maintenance, renewal and transformation of public parts and public facilities and equipment after the warranty period expires. According to the relevant regulations, the interest generated by the maintenance fund will be deposited in the special account of the maintenance fund, and it is impossible for a single owner to withdraw it. Maintenance funds are generally paid when purchasing real estate. General property buyers pay the maintenance fund to the selling unit according to the proportion of 2%-5.2% of the purchase price. Then the sales unit will set up a special account to store the maintenance funds paid by these owners. When the community public facilities or houses need maintenance, they can be extracted as maintenance expenses. The income of the housing maintenance fund belongs to all owners, but the special funds can only be used for special purposes. Therefore, although the maintenance fund belongs to the owner, the income generated by the maintenance fund can only be used for community maintenance, just like itself. How much income the maintenance fund has and how to use it should be publicized to all owners every year.
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.
3. Special purpose: the property management company can temporarily borrow the reserve fund equivalent to one month's daily maintenance and renewal cost of the property from the maintenance fund; Unless otherwise agreed in the property management service contract.
Legal basis:
Measures for the administration of residential special maintenance funds
Article 7 The owners of commercial residential and non-residential houses shall deposit special maintenance funds for houses according to the construction area of their own properties, and the amount of the first special maintenance funds for houses deposited per square meter of construction area shall be 5% to 8% of the construction and installation cost of local houses per square meter. The competent departments of construction (real estate) of the people's governments of municipalities directly under the central government, cities and counties shall, according to local conditions, reasonably determine and announce the amount of the first-phase residential special maintenance fund deposited per square meter of construction area, and make timely adjustments.