What is the special maintenance fund for property?

Residential special maintenance funds shall be earmarked for the maintenance and normal use of residential parts, facilities and equipment, and the funds for residential overhaul, medium repair, renewal and transformation shall not be used for other purposes.

The residential part generally includes: residential foundation, load-bearing wall, column, beam, floor, roof, outdoor wall, hall, stairs, corridor and so on. * * * Facilities and equipment generally include elevators, fire-fighting facilities, roads, sewer pipes, non-operating parking garages, public cultural and sports facilities and equipment, houses used by them, monitoring systems, etc.

Special housing maintenance funds are entrusted by the competent department of construction (real estate) of the people's government of the city, city and county where the property is located.

According to the Measures for the Administration of Residential Special Maintenance Funds

Fourth residential special maintenance funds management should follow the principles of special account storage, earmarking, owner decision-making, and government supervision.

Article 5 The competent department of construction in the State Council, together with the financial department in the State Council, shall be responsible for the guidance and supervision of the national residential special maintenance funds.

The competent department of construction (real estate) of the local people's government at or above the county level shall, jointly with the financial department at the same level, be responsible for the guidance and supervision of the special housing maintenance funds within their respective administrative areas.

Extended data:

Pay special maintenance funds for houses.

Measures for the administration of residential special maintenance funds

Article 6 The owners of the following properties shall deposit special residential maintenance funds in accordance with the provisions of these Measures:

(a) residence, except that it is jointly owned by the owners and does not use parts and facilities with other properties;

(2) Non-residential buildings in residential quarters or non-residential buildings connected with single residential structures outside residential quarters.

If the property listed in the preceding paragraph belongs to the sale of public housing, the selling unit shall deposit special housing maintenance funds in accordance with the provisions of these measures.

Article 7 The owners of commercial residential and non-residential houses shall deposit special housing maintenance funds according to the construction area of their own property, and the amount of the first special housing maintenance fund deposited per square meter of construction area shall be 5% to 8% of the local housing construction and installation project cost per square meter.

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.

Eighth sale of public housing, housing special maintenance funds shall be deposited in accordance with the following provisions:

(1) The owner shall deposit the special maintenance fund for the house according to the construction area of the property he owns, and the amount of the first special maintenance fund for the house per square meter of construction area shall be 2% of the local housing reform cost price.

(two) units selling houses shall, in accordance with the proportion of not less than 20% of multi-storey houses and not less than 30% of high-rise houses, draw a one-time special maintenance fund for houses from the sales funds.