Research On Legal System Of Residential Maintenance Funds

Special residential maintenance fund is paid by the owner by law, which is particularly used for maintenance, renewal and restruction of the common parts and common facilities after the expiration of warranty. It plays important role in ensuring the house safety, maintaining & improving its function and ensuring & increasing the property's value.Part I:Introduced several concepts about the special residential maintenance fund system and discussed why China need to establish this system from legal's point of view. Also, it showed the nature, current status & development of the special residential maintenance fund system in China.Partâ…¡:Briefly introduced the property maintenance fund system & its character in the countries (e.g. US, Singapore) where the commercial housing market has robust system. Meanwhile, introduced the legislation & development status of property maintenance fund system in HK & TW, which are the best references for mainland China to develop special residential maintenance fund system.Partâ…¢:Discussed in detail about the issues in current special residential maintenance fund system in China, e.g. the key issues about who and when to pay at the first time, who is responsible for managing & using the fund and how to supervise it at operational & system level. Moreover, provided the proposals & recommendations to address the issues.Partâ…£:Deep dived in how to improve the special residential maintenance fund system in China, which proposed to establish & complete the management & supervision mechanism and responsibility system for illegal of the fund system.