What does the special maintenance fund for property mean?

Property special maintenance funds refer to funds earmarked for the maintenance, renewal and transformation of residential parts and facilities after the expiration of the warranty period. Special maintenance funds refer to the funds paid by the owners according to the law and earmarked for the maintenance, renewal and transformation of residential parts and facilities after the warranty period expires.

Special maintenance funds for * * * parts of houses refer to funds earmarked for overhaul, medium repair, renewal and transformation of * * * parts of houses. * * * The use part of the house refers to the load-bearing structural parts (including floors, roofs, beams, columns, internal and external walls, foundations, etc.). ), exterior walls, stairs, corridors, hallways, building garages, etc. * * * Special maintenance funds for facilities and equipment refer to funds earmarked for overhaul, medium repair, renovation and transformation of * * * facilities and equipment. * * * Facilities and equipment refer to tap water pipes, public water tanks, booster pumps, elevators, public antennas, power supply trunk lines, lighting trunk lines, heating trunk lines, fire-fighting facilities, roads in residential areas, street lamps, ditches, pools, wells, outdoor parking lots, swimming pools, stadiums and gymnasiums, etc.

Article 54 of the Property Management Regulations stipulates that the owners of residential properties, non-residential properties in residential quarters or non-residential properties connected with a single residential building structure shall pay special maintenance funds in accordance with relevant state regulations. Special maintenance funds shall be owned by the owners, and shall be used exclusively for the maintenance, renewal and transformation of property parts and facilities after the expiration of the property warranty period, and shall not be used for other purposes.

The realty service enterprise shall stipulate the management and use of special maintenance funds for realty management in the realty service contract. Measures for the collection, use and management of special maintenance funds shall be formulated by the construction administrative department of the State Council in conjunction with the finance department of the State Council.