The public maintenance fund is a house maintenance fund, which actually includes a special fund for house public facilities and a house maintenance fund.

The special fund for housing public facilities, referred to as the special fund, is used for projects such as the renewal and renovation of the most used parts of the property, public facilities and equipment, and may not be misappropriated for other purposes.

The special 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 property owner of the house.

The house maintenance fund is used for major and medium repairs and renovation projects of the main structure of the house, public parts and public facilities and equipment after the expiration of the house warranty period.

The main load-bearing structure of the house includes the foundation, internal and external load-bearing walls, columns, beams, floors, roofs, etc.; the public parts include outdoor walls, foyers, stairwells, corridors, etc.

Public facilities and equipment refer to the water supply and drainage pipes and equipment, distribution cables and equipment, elevators, public lighting, fire protection facilities, green spaces, roads,

Ditches, non-commercial parking garages, public welfare cultural and sports facilities and other public facilities and equipment, etc.

The maintenance fund is managed by the Housing Authority, and the application process is complicated.

Extended information: China's housing maintenance fee system began in 1998. In 2004, the housing maintenance fee evolved into a fee that must be paid when applying for a property ownership certificate.

The payment standard has also changed from the initial "payment based on 2%-3% of the purchase price" to "payment based on 5%-8% of the cost per square meter of residential construction and installation projects" in 2008.

According to the provisions of the "Management Measures for Special Residential Maintenance Funds" revised in 2007, the public maintenance fund is exclusively used for the maintenance of public facilities in the community and belongs to all owners.

The name of the House Maintenance Fund has changed several times over the years. In 1998, it was called the House Maintenance Fund, and later changed to the Commercial Housing Public Maintenance Fund. In 2007, according to Order No. 165 jointly issued by the Ministry of Construction and the Ministry of Finance at the time, it was finally called the House Maintenance Fund.

Special residential maintenance funds.