Maintenance fund, also known as "public maintenance fund" and "special maintenance fund", refers to a fund that residential property owners pay a certain amount 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 collection ratio of the maintenance fund shall be paid to the commercial bank designated by the real estate department of the district where the property is located according to the ratio of 2% to 3% of the total house price when the property buyer purchases the house from the developer and handles the property transfer. The specific collection standard of maintenance funds is determined by the local real estate administrative departments according to local conditions.