What is overhaul fund?
Overhaul fund, also known as the maintenance fund, each region has its own terms on the scope of use of the maintenance fund, but it is based on the detailed terms of the Measures for the Administration of Residential Special Maintenance Fund issued by the Ministry of Construction and the Ministry of Finance in February 2008.
What about overhaul fund?
Overhaul fund's extraction and collection:
If the owners' committee is not established, the maintenance funds shall be managed by the property management administrative department where the property is located; Where an owners' committee is established, the property management administrative department at the place where the property is located shall, within 30 days from the date of the establishment of the owners' committee, transfer the special maintenance fund and its interest to the owners' committee.
The property management administrative department and the owners' committee shall sign a written contract with financial institutions on the storage, withdrawal and settlement of overhaul fund. Under normal circumstances, overhaul fund will pay it when the owner repossesses the building and pay it to the account designated by the Property Management Office. For developers to accept overhaul fund's proposal, buyers can choose to agree to accept it, and they should also have the right to refuse it; After paying the overhaul fund to the relevant departments, the buyers can show the relevant bills to the developers as proof.
Overhaul fund can be used in four situations:
1.Mar. 20th11The upcoming Measures for the Administration of Special Maintenance Funds for Property in Chongqing clearly stipulates when overhaul fund can be used and when it can't be used, and penalties will be imposed for misappropriation and illegal use of overhaul fund.
Property special maintenance fund (commonly known as overhaul fund) refers to the funds earmarked for the maintenance, renewal and transformation of * * * parts and * * * facilities and equipment after the property warranty period expires.
2, the use of overhaul fund, must be formulated by the owners' committee, and publicity in the property management area for more than 5 days. The content of the scheme includes the specific scope and content of maintenance, renewal and transformation, the maintenance, renewal and transformation scheme and engineering plan, the cost budget and the progress plan for the use of funds.
3. According to the "Measures", the following expenses cannot be extracted from overhaul fund, but shall be borne by the property management fee: * * maintenance expenses of facilities and equipment; Maintenance, renewal and renovation costs of * * * parts of the property and * * * facilities and equipment undertaken by the development and construction unit; The expenses required by the parties to repair the * * * parts and * * * facilities and equipment of the house; Maintenance and maintenance costs of water supply, power supply, gas supply, heating, communication, cable TV and other pipeline facilities and equipment undertaken by relevant units.
4. The "Measures" stipulate that overhaul fund involves: the maintenance, renewal and transformation costs of proprietary parts shall be borne by the owners of proprietary parts; Some * * * have some maintenance, renewal and renovation costs, which are shared by some * * * owners in proportion to their construction area; All * * * have some maintenance, renewal and renovation costs, which are shared by all owners in proportion to their construction area; If the house is not completely sold, the development and construction unit shall share the cost of maintenance, renewal and transformation of * * * parts and * * * facilities and equipment according to the proportion of the construction area of the unsold part.
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