Name of maintenance fund

Maintenance fund, also known as "public maintenance fund" and "special maintenance fund", refers to the fund that the owners of residential properties pay a certain amount of money to a special account for the maintenance of public facilities and equipment in the property area, and authorize the owners' committee to manage and use it 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.

According to the Property Management Regulations of the State Council, 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 are the funds needed for medium repair, overhaul, renewal and transformation when the parts and facilities of the property are damaged after the warranty period expires. Special maintenance funds are also called property pensions.