What's the difference between a property warranty fund and a property maintenance fund?

Legal analysis: Maintenance fund, also known as "public maintenance fund" and "special maintenance fund", refers to a fund that the owners of residential properties pay a certain amount of money to a special account for the maintenance of public parts and facilities and equipment used in the property area, and authorize the owners' committee to manage and use them uniformly. The maintenance fund is raised by the owners of the property, who enjoy the ownership of the maintenance fund according to the proportion of payment, but the right to use it belongs to all owners, and individual owners may not withdraw all their own maintenance funds from the bank. The maintenance fund is combined with a specific house, exists with the existence of the house, and is also lost with the existence of the house, and does not change because of the change of the specific owner. When the house property right is changed to a new owner, the maintenance fund should also be renamed from the old owner to the new owner.

Property warranty fund: for the sold property, the construction unit shall deposit the property warranty fund in the proportion of 2% of the total construction and installation cost before the initial registration of the house property right, as a guarantee for the construction unit to fulfill its warranty obligations. Among them, the prefabricated construction project is calculated by deducting 2% of the total price of prefabricated components from the total cost of property construction and installation. During the property warranty period, in principle, the property warranty fund shall not be used. If the construction unit refuses to perform the warranty responsibility after receiving the written maintenance application report submitted by the applicant, the applicant may apply to the warranty fund management institution and the subdistrict office (township people's government) for supervision, and provide the warranty period certificate and other materials. Warranty fund management institutions and sub-district offices (township people's governments) shall, within 5 working days from the date of receiving the application, notify in writing and urge the construction unit to perform the warranty responsibility.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 942 A realty service provider shall, in accordance with the agreement and the nature of the use of the property, properly repair, maintain, clean, afforest and manage some owners in the realty service area, maintain the basic order of the realty service area, and take reasonable measures to protect the personal and property safety of the owners.

Property service providers shall take timely and reasonable measures to stop acts that violate laws and regulations such as public security, environmental protection and fire protection in the property service area, report to the relevant administrative departments and assist in handling them.

Article 943 A realty service provider shall regularly disclose the owner's service items, responsible personnel, quality requirements, charging items, charging standards, performance, use of maintenance funds, and part of the operation and income in a reasonable way, and report to the owners' meeting and the owners' committee.