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What is the maintenance fund upon handover?

Legal subjectivity: China's housing maintenance fee system began in 1998. In 2004, the housing maintenance fee evolved into a fee that must be paid when applying for a property ownership certificate.

The payment standard has also changed from the initial "payment based on 2%-3% of the purchase price" to "payment based on 5%-8% of the cost per square meter of residential construction and installation projects" in 2008.

1. The composition of the house maintenance fund. The house maintenance fund consists of two parts: the public facility maintenance fund and the house maintenance fund.

The principal is raised jointly by the real estate developer and the home buyer, and the interest is used for the repair and maintenance of the common part of the residential building sold and the public facilities and equipment. If the interest is insufficient, it will be shared by the property owner.

Moreover, the public facilities maintenance fund is used for the repair, maintenance and replacement of public facilities; the housing maintenance fund is used for the repair and maintenance of the house itself. The two are clearly separated and cannot be confused and misappropriated.

2. What types of repairs can the maintenance fund be used for?

The main load-bearing structural parts of the house: load-bearing walls, columns, beams, floors, roofs, etc.; public parts: outdoor walls, foyers, stairwells, corridors, common parts of up and down water pipes, public lighting, fire protection facilities, elevators, etc.

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3. How to activate the house repair fund?

The 2007 "Measures for the Management of Special Residential Maintenance Funds" stipulates that the activation of housing maintenance funds must be approved by owners who account for more than two-thirds of the total area of ????the building and more than two-thirds of the total number of owners, which is the so-called "double maintenance fund".

2/3 principle", and then submit it to the housing management department for filing and review. Once approved, it can be withdrawn and used.

4. Is it a waste if maintenance funds are left unused?

The maintenance fund is actually a residential pension, and the principle of use should be based on "whoever benefits, who replenishes the funds."

What's more, in real cases, the difficulty of collecting again is not that great.

Due to certain limitations in management and investment, this part of the fund cannot regenerate or expand its derivative functions. Usually, the funds raised for the first time are gone after they are used up.

So, is it a waste to leave it unused?

The key problem is that many residential projects have become seriously ill and cannot be used, and the owners are still reluctant to use them. That is a waste!

The money actually belongs to all owners, and the benefits should also belong to all owners.

But if only certain people are served during the use process, then those owners who have paid in full according to their shares will be harmed.

Only if the property maintenance fund is properly monitored will owners be willing to replenish it.

After understanding the above aspects, you must already know why you are required to pay a maintenance fund when buying a house.

In fact, the maintenance fund is a medical insurance for the house, and it also plays an insurance role for the maintenance of public facilities.

Legal objectivity: Article 53 of the "Property Management Regulations" Owners of residential properties, non-residential properties in residential communities, or non-residential properties structurally connected to a single residential building shall pay special maintenance funds in accordance with relevant national regulations.

The special maintenance funds belong to the owner and are used exclusively for the maintenance, updating and transformation of the main parts of the property and the main facilities and equipment after the expiration of the property warranty period, and shall not be used for other purposes.

The methods for the collection, use and management of special maintenance funds shall be formulated by the construction administrative department of the State Council in conjunction with the financial department of the State Council.