Can the repair fund still cover a leak in the bathroom

Updated on Bathroom 2024-01-27
2 answers
  1. Anonymous users2024-01-23

    Conditions of use of the Repair Fund:

    1. The maintenance fund can only be used when overhauling, updating and transforming the public parts, common facilities and equipment of the property after the expiration of the warranty period. Specific owners share the proportion of expenses according to the criteria for determining voting rights.

    2. When the maintenance fund is idle, it is forbidden to divert it for other purposes except for the purchase of treasury bonds or other funds stipulated by laws and regulations.

    3. Special use:

    1) The property management company can temporarily borrow a reserve fund equivalent to one month's daily maintenance and renewal costs of the property from the maintenance fund; Unless otherwise agreed in the property management service contract.

    2) If the dwelling needs to be overhauled or specially repaired or renewed, the advance payment agreed in the construction contract can be withdrawn, but the advance payment shall not exceed 30% of the total project cost.

    3) The owners' committee may keep a reserve fund equivalent to one month's activity funds in the account of the property management enterprise, unless otherwise decided by the owners' general meeting.

  2. Anonymous users2024-01-22

    The repair fund refers to the maintenance of the common area of the property, such as staircase lights, exterior wall leakage and street lights, etc., your bathroom leakage is your waterproof is not done well or aging, which is your own responsibility, the maintenance fund is not out.

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