How is the capital repair fund formed?
Contributions from owners of apartment buildings for the purpose of major repairs are accumulated:
- or on the RO account;
- or on a special account.
If the general meeting of MKD owners did not decide to open a special account, then contributions for major repairs are automatically sent to the RO account. To open a separate house account, the consent of at least 2/3 of the owners will be required.
Residents have six months to choose the method of forming the fund from the moment the RO enters the house into the register of the capital repair program. After a decision is made, a copy of the minutes of the general meeting must be sent to the RO. It should contain:
- information about the account owner;
- list of upcoming works and timing of their implementation;
- amount of contributions;
- the name of the bank where the funds will be accumulated.
Data on major repairs must correspond to the program adopted in the subject, i.e. the volume of work is not less than the planned RO, and the timing is no later than specified in the program. Contributions may be planned to exceed those required by law, but not less than the minimum established by law.
The owner of the special account can be a homeowners association, a management company, a housing cooperative or another body that manages the apartment building.
