Housing maintenance fund is equal to the cost per square meter of construction area multiplied by the proportion multiplied by the area.

When the housing ratio is multi-storey, the buyer pays 1.5% and the seller pays 6%. When the house is high-rise, the buyer pays 1.5% and the seller pays 12%.

Benefits of maintenance fund:

1. Maintenance funds can only be used to repair and update the public parts and facilities of the property after the warranty period expires. The specific owners shall share the cost proportion according to the determination standard of voting rights.

2. When the maintenance funds are idle, it is forbidden to use them for other purposes except purchasing government bonds or risk-free financial management.

3. The property management company may temporarily borrow the reserve fund equivalent to one month's daily maintenance and update cost of the property from the maintenance fund, unless otherwise agreed in the property management service contract. If the house needs to be overhauled or specially maintained or updated, the advance payment agreed in the construction contract may be withdrawn, but the advance payment shall not exceed 30% of the total project amount. The owners' committee may keep a reserve fund equivalent to one month's activity funds in the account of the property management enterprise, unless otherwise decided by the owners' meeting.

To sum up, the maintenance fund can also be called public maintenance fund or special maintenance fund, which mainly means that after purchasing a residential district, all businesses in the district pay a certain amount to a special account according to certain standards. This money is mainly used for the maintenance of public facilities and equipment in the property area, and it is mainly managed and used by the owners' committee, so it is impossible for business individuals to apply to the bank for withdrawal. According to the relevant national laws and regulations, every household needs to pay the maintenance fund when buying a new house. In other words, the maintenance fund must be paid. If you don't pay, it will do great harm to your interests. Housing maintenance fund actually includes housing public facilities special fund and housing maintenance fund. Special funds for housing public facilities, referred to as special funds, are mainly used for the renovation of shared parts of the property and shared facilities and equipment, and shall not be used for other purposes.

Legal basis:

Measures of People's Republic of China (PRC) Municipality on the Administration of Residential Special Maintenance Funds

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These Measures shall apply to the deposit, use, management and supervision of special maintenance funds for commercial housing and after-sale public housing. The term "residential special maintenance funds" as mentioned in these Measures refers to the funds earmarked for the maintenance, renewal and transformation of residential parts and facilities after the expiration of the warranty period.