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What is the House Purchase and Repair Fund?

In the process of buying a house, you not only need to pay the down payment of the house, but also pay the corresponding housing maintenance fund according to the nature and size of the house. Because this part of the money is jointly raised by all the owners in the community, so

When using it, corresponding conditions must be met.

So, what is a house purchase repair fund?

What conditions need to be met to use the maintenance fund?

Let’s take a brief look at it with the editor.

1. What is the house maintenance fund? The full name of the house maintenance fund in the law is "residential special maintenance fund", which is dedicated to the repair and maintenance of public facilities and the main body of the house after the warranty period of the community; when the owner pays

, needs to be determined based on the size of the house purchased, and will be managed by the local housing management department. After the owners' meeting is established, the management authority will be transferred to the owners' committee.

2. What conditions need to be met to use the maintenance fund? 1. All owners must vote first. Because the maintenance fund is jointly paid by all owners in the community, when applying for the use of the maintenance fund, it is also necessary to organize all owners to initiate a vote.

According to regulations, two-thirds of the owners must agree and sign before proceeding to the next process.

2. The funds used must be for the public sector. If you want to use the maintenance fund, you must only apply if there is a problem with the public sector, such as an elevator failure, cracks in the exterior wall, or waterproofing problems on the top floor, etc.

If the owner damages the house during renovation, the special funds cannot be used.

Editor's summary: Maintenance funds can only be used for the maintenance and repair of public facilities in the community. If they are still used, they need to be voted by the owners' meeting. If more than two-thirds of the people agree, the owners' meeting or the property company can apply to the housing management department.

use.

This concludes the above introduction to what a house repair fund is and the conditions that need to be met to use the house repair fund. I hope it will be helpful to you.

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