What is a residential property maintenance fund?

Legal analysis: the housing maintenance fund is earmarked only for housing maintenance and can only be withdrawn during the maintenance period. Housing maintenance fund actually includes housing public facilities special fund and housing maintenance fund. The special fund for housing public facilities shall be used for projects such as the renovation of property parts and public facilities and equipment, and shall not be used for other purposes. Special funds to implement the principle of "money with the house". When the house is transferred, the remaining funds in the account are also transferred to the new owner of the house.

Legal basis: special maintenance funds Article 2 These Measures shall apply to the deposit, use, management and supervision of special maintenance funds for commercial housing and after-sale public housing.

The term "residential special maintenance funds" as mentioned in these Measures refers to the funds earmarked for the maintenance, renewal and transformation of residential parts and facilities after the expiration of the warranty period.