Collected by the developer.

Before the establishment of the owners' committee, the maintenance fund is supervised by the district or county real estate management department where the property is located. The principal and interest belong to the owners and cannot be used by any unit or individual.

After the owners' committee is established, it should sign an entrustment agreement with a commercial bank in this city and open a maintenance fund account in the property management area to be used for the overhaul and update of residential parts and facilities and equipment after the warranty period expires.

, transformation.

Of course, due to imperfect laws and regulations, various localities have their own policies and methods.