According to the Ministry of Construction and the Ministry of Finance's Measures for the Administration of Maintenance Funds for Facilities and Equipment Used in Residential Areas, "When the owner transfers the ownership of the house, the balance maintenance fund will not be returned and will be transferred with the ownership of the house."
The transfer requires the seller's cooperation and provides the original receipt for the public maintenance fund. Both parties hold the original and photocopy of their ID cards, and handle the new real estate license after the transfer to the district and county offices.
Usually, the transfer of public maintenance funds requires the buyer and the seller to go together and submit the following related materials:
Original and photocopy of maintenance fund invoice;
New and old homeowner's ID card and copy;
Original and photocopy of real estate license and new house; Purchase contract; Maintenance fund transfer agreement.
If the buyer and the seller are unable to be present in person, they may entrust an agent (usually an intermediary) to handle the transfer procedures of the public maintenance fund. When entrusting an agent to go through the formalities, it shall present the original power of attorney of the principal, the identity certificate of the principal and the identity certificate of the agent.