What's the difference between maintenance fund and property fee?
1. Cost attribution: the housing maintenance fund is paid by the community owner in one lump sum when he first moves in. The ownership of this money belongs to the owners and is kept by the established owners' committee or the housing authority where the community is located. When it is used, all owners need to vote. Property fee is the fee paid by the owner to the property management company, and it is the reward obtained by the property management company for daily maintenance, repair and rectification of the buildings and their equipment, greening, sanitation, transportation, public security, environment and other services related to residents' lives.
2. Process of using expenses: The ownership of the maintenance fund belongs to the owner, so it is controlled by the owner's vote. Before use, the corresponding application should be made. If two-thirds of the owners agree, the allocated funds can be used and the maintenance can be started only after the examination and approval. Property cost is the maintenance and management cost of residential facilities. If the owners of residential areas find any damage or problems, they can give feedback to the property company and register with the property management office. After the property company confirms the approval, they can use this fee to maintain and repair the community.
3. Cost scope: The purpose of the maintenance fund is mainly reflected in the renovation of public facilities in residential areas. Living in the community for a long time, some facilities are aging, which may have potential risks, such as the wall of the house, elevator maintenance, road maintenance and so on. Except for the basic warranty period, generally speaking, the number of years of major problems is more than 10 years, so the public maintenance fund is more like the pension or guarantee of the house.