Housing maintenance fund actually includes housing public facilities special fund and housing maintenance fund. The special fund for housing public facilities is referred to as the special fund, which is used for projects such as the renovation of common parts of property and public facilities and equipment, and shall not be used for other purposes. Special funds to implement the principle of "money with the house". When the house is transferred, the remaining funds in the account are also transferred to the new owner of the house.
China's housing maintenance fund system began in 1998. In 2004, the housing maintenance fund evolved into a fee that must be paid for housing property certificates. Its payment standard has also changed from the initial "2%-3% of the purchase price" to "5%-8% of the cost per square meter of residential construction and installation projects" in 2008. According to the newly revised Measures for the Administration of Special Maintenance Funds for Residential Buildings in 2007, public maintenance funds are earmarked for the maintenance of public facilities in residential quarters and are owned by all owners. But before the establishment of the owners' committee, the funds were generally managed by the real estate administrative department.
Over the years, the name of the housing maintenance fund has changed several times. 1998 called housing maintenance fund, and later changed to public maintenance fund for commercial housing. In 2007, according to the order 165 jointly issued by the Ministry of Construction and the Ministry of Finance at that time, it was finally a special maintenance fund for housing.
Under what circumstances can the housing maintenance fund be used?
The housing maintenance fund is used for large and medium-sized repair and renovation projects of the main structure, public parts and public facilities and equipment of the house after the warranty period expires.
The main load-bearing structures of houses include foundation, internal and external load-bearing walls, columns, beams, floors and roofs. Public parts refer to outdoor walls, hallways, stairwells, corridors, etc. Public facilities and equipment refer to water supply and drainage pipelines and equipment, distribution cables and equipment, elevators, public lighting, fire-fighting facilities, green spaces, roads, ditches, non-operating parking garages, public cultural and sports facilities and other facilities and equipment owned and used by the owner. The maintenance fund is managed by the Housing Authority, and the application process is complicated.
Open a housing maintenance fund
In 2007, the Measures for the Administration of Special Maintenance Funds for Residential Buildings stipulated that special maintenance funds for residential buildings should be applied to load-bearing walls, roofs, staircases and elevators. However, the "Measures" stipulate that if the maintenance fund is to be used, it must follow the "double two-thirds special majority principle", that is, the owners who account for more than two-thirds of the total construction area and more than two-thirds of the total number of people discuss and pass the use plan.
According to the "Measures for the Administration of Special Maintenance Funds for Residential Buildings", the use of special maintenance funds for residential buildings will ultimately be filed and approved by the real estate administrative department or the corresponding management department. Owners should successively apply to the relevant housing authority, housing safety appraisal department, audit bureau, specialized banks and other departments for professional appraisal of housing safety, audit the budget and final accounts of maintenance plans, hire construction units to maintain construction, and apply for funds allocated by specialized banks.
Who manages the housing maintenance fund?
According to the Ministry of Construction and the Ministry of Finance 165 "Measures for the Management of Residential Special Maintenance Funds", public maintenance funds are paid by all owners and owned by all owners. Under normal circumstances, it will be managed by the real estate administrative department. After the establishment of the owners' committee, the public maintenance fund will be handed over to the industry committee, which will exercise the management right.