The basic knowledge of the housing maintenance fund is that the housing maintenance fund belongs to the owner, and its use needs to be approved at different levels, which is generally used for large-scale maintenance. Housing maintenance fund implements the principle of "money goes 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 ground

"Measures for the Administration of Special Maintenance Funds for Residential Buildings" Article 7 The owners of commercial residential buildings and non-residential buildings shall deposit special maintenance funds for residential buildings according to the construction area of their own properties, and the amount of the first special maintenance funds for residential buildings deposited per square meter of construction area shall be 5% to 8% of the cost per square meter of local residential construction and installation projects. 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.