Housing Act Article 62

Where the management office, activity center and other facilities of a public residential community directly built by the government are purchased using a single community management and maintenance fund, but are not transferred to community co-owners or sold according to the decision of the community co-owners meeting before this Act takes effect, community users shall change the registration in accordance with the preceding article, or the facilities may be sold by the local government according to the decision of the community co-owners meeting; the funds acquired from sale of the facilities shall be transferred to the community as a public fund.Where the abovementioned facilities are jointly purchased by several community management and maintenance funds, the local government shall sell the facilities in accordance with relevant regulations. The funds acquired from selling the facilities shall be distributed to each community based on the ratio each community paid for purchasing the facilities and be used as a public fund.Registration may be changed for management offices, activity centers, and other facilities purchased by a community’s public fund in accordance with the preceding paragraph.