What is the residential special maintenance fund?

Residential special maintenance funds refer to funds earmarked for the overhaul, medium repair, renewal and transformation of residential parts and facilities after the warranty period expires. Property management fees are the fees paid by property management companies to provide property management services to property users or owners according to property management service contracts, including the salaries of management service personnel, the daily operation and maintenance costs of the parts used by the property, the facilities and equipment used by the property, and the cleaning, greening and maintenance costs of the property management area. The property management fee does not include the cost of overhaul, medium repair, renewal and transformation of the parts and facilities used by the property. # Residential special maintenance funds refer to funds earmarked for the maintenance, renewal and transformation of residential parts and facilities after the warranty period expires. # Residential special maintenance fund refers to the funds specially used for the maintenance, renewal and transformation of residential parts and facilities after the expiration of the warranty period, which is also vividly called residential "pension".

The owners of commercial housing and non-residential housing shall deposit special housing maintenance funds according to the construction area of their own property, and the amount of the first special housing maintenance funds deposited per square meter of construction area is 5% to 8% of the cost per square meter of local residential construction and installation projects. The competent departments of construction (real estate) of the people's governments of municipalities directly under the central government, cities and counties shall, according to local conditions, reasonably determine and announce the amount of the first-phase residential special maintenance fund deposited per square meter of construction area, and make timely adjustments.

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