What you are saying is that daily maintenance fees should be divided into public maintenance funds and daily maintenance fees. They are two different concepts.

Routine maintenance fees are only used for small daily maintenance. For major repairs that often cost tens of thousands of yuan, a public maintenance fund must be provided.

1. What is the Residential Maintenance Fund?

Public maintenance fund refers to the maintenance fund for the public parts of residential buildings and public facilities and equipment.

The principal is raised jointly by the selling unit and the buyer, and the ownership belongs to the payer. The interest is used for the repair and maintenance of the public parts of the sold residential building and the public facilities and equipment. When the interest is insufficient,

shared by property owners.

2. How much does it cost to pay for the company’s maintenance fund?

What exactly is the repair?

Article 41 of the Hainan Provincial Residential Area Property Management Regulations (Amendment) requires residential areas to establish maintenance funds in accordance with the law.

The maintenance fund is specially used for the overhaul, renewal, and transformation of the first-use parts of the property, first-use facilities, and equipment after the warranty period expires.

The most common parts refer to the main load-bearing structural parts of the residence (including foundation, internal and external load-bearing walls, columns, beams, floors, roofs, etc.), outdoor walls, foyers, stairwells, and corridors.

Public facilities and equipment refers to the water pipes, downpipes, water tanks, pressurized water pumps, elevators, antennas, power supply lines,

Lighting, boilers, heating lines, gas lines, fire protection facilities, green spaces, roads, street lights, ditches, pools, wells, non-commercial parking garages, public welfare cultural and sports facilities and houses used for public facilities and equipment, etc.

Article 42 When commercial housing is sold, the buyer and the selling unit shall sign an agreement on the payment of maintenance funds.

The maintenance fund is collected by the selling unit from the home buyer in one lump sum when the house is sold.

Multi-story buildings and villas are generally charged at a rate of 2% of the purchase price; high-rise buildings and multi-story buildings with elevators are generally charged at a rate of 3% of the purchase price.

Maintenance funds collected are not included in the cost of sales.

The methods for raising, using and managing maintenance funds for public housing, employee-funded housing construction and government housing projects shall be formulated separately by the Provincial People's Government.

3. How to apply for the public maintenance fund?

Article 45 of the "Regulations on Property Management of Residential Areas of Hainan Province (Amendment)": The use of maintenance funds shall be proposed by the property management company in an annual use plan, which shall be implemented after review by the owners' committee and approval by the owners' meeting.

When the maintenance fund is insufficient, the property maintenance fund shall be paid in accordance with the decision of the owners' committee and the proportion of the building area owned.

4. Who owns the appreciation in the company’s maintenance fund?

Article 8 of the "Measures for the Management of Maintenance Funds for Facilities and Equipment Used in Residential Parts" of the Ministry of Construction will be calculated according to regulations from the date the maintenance fund is deposited into the maintenance fund account.

The net interest-bearing income of the maintenance fund is transferred to the rollover and management of the maintenance fund.