Legal basis: Measures for the Administration of Residential Special Maintenance Funds
Sixteenth residential special maintenance fund account after the transfer of management units, decided by the owners' congress. The owners' congress shall establish a management system for residential special maintenance funds.
The special residential maintenance fund account opened by the owners' meeting shall be subject to the supervision of the construction (real estate) departments of the local people's governments of municipalities directly under the central government, cities and counties. [ 1]
Seventeenth owners household book residential special maintenance fund balance is less than the first deposit amount of 30%, it should be paid in a timely manner.
If the owners' meeting is established, the renewal plan shall be decided by the owners' meeting.
If the owners' meeting is not established, the specific management measures for the renewal of the lease shall be formulated by the construction (real estate) department of the people's government of the municipality, city or county jointly with the finance department at the same level.