Special maintenance fund: also known as public maintenance fund. Refers to the residential property owners pay a certain standard of funds to a special account for the maintenance of public parts and facilities in the property area, and authorize the owners' Committee to manage and use the funds in a unified way. The scope of use of special maintenance funds is: after the warranty period expires, the public parts, facilities and equipment of the property can be used only after overhaul, renewal and transformation. The specific owners shall share the cost proportion according to the determination standard of voting rights.

Legal objectivity:

"Property Management Regulations" Article 53 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 the relevant provisions of the state. Special maintenance funds shall be owned by the owners, and shall be used exclusively for the maintenance, renewal and transformation of property parts and facilities after the expiration of the property warranty period, and shall not be used for other purposes. Measures for the collection, use and management of special maintenance funds shall be formulated by the construction administrative department of the State Council in conjunction with the finance department of the State Council.