The housing maintenance fund is mainly used for major maintenance, renewal and transformation of the main structure, public parts and public facilities and equipment after the warranty period expires. The scope of application includes load-bearing walls, roofs, stairwells, elevators, etc. The following steps should be followed in using the maintenance fund: first, the owner puts forward maintenance requirements to the property company, and the property company submits the maintenance and renovation plan to the owners' Committee; Secondly, the owners' committee shall hold a general meeting of all owners or solicit opinions, which shall be approved by more than two-thirds of the owners; The third step, the property management company will submit the scheme to the district office for review, and the project can only start after the review is passed; Finally, after the project is completed, the Municipal Real Estate Bureau will check and notify the bank to transfer the funds to the property company. If the owners' meeting is not established in the community, the use of maintenance funds shall be declared under the guidance of the street offices and street offices.
Management and supervision of maintenance funds;
1. Establishment of maintenance fund: the owners of residential quarters or property management units shall set up special maintenance funds according to law;
2. Collection of maintenance fund: the maintenance fund is collected according to the relevant national and local regulations, usually linked to the sales price or area of the house;
3. Storage of maintenance fund: the maintenance fund shall be deposited in the designated bank account for special purposes;
4. Examination and approval of the use of maintenance fund: Before using maintenance fund, it must be approved by the owners' assembly or owners' committee and examined and approved according to the prescribed procedures;
5. Supervision of maintenance funds: the owners' assembly or owners' committee shall supervise the use of maintenance funds to ensure the rational use of funds;
6. Audit of maintenance funds: audit maintenance funds regularly or irregularly to ensure the transparency and safety of funds;
7. Publicity of maintenance fund: The revenue and expenditure of maintenance fund shall be publicized to all owners and subject to the supervision of owners.
To sum up, the housing maintenance fund is mainly used for the overhaul of structures and public facilities after the warranty period, involving load-bearing walls and roofs. And it needs to be put forward by the owner, approved by the industry Committee, audited by the district office, and used under the guidance of relevant institutions without the owners' meeting to ensure the reasonable and effective investment of funds.
Legal basis:
People's Republic of China (PRC) Civil Code
Article 28 1
The maintenance fund of the building and its ancillary facilities belongs to the owner. With the consent of the owner, it can be used for local maintenance, renewal and transformation of elevators, roofs, external walls and barrier-free facilities. The collection and use of maintenance funds for buildings and their ancillary facilities shall be announced regularly. In case of emergency, if the building and its ancillary facilities need to be repaired, the owners' assembly or the owners' committee may apply for the maintenance funds of the building and its ancillary facilities according to law.