Overhaul fund needs to be handed over to developers, and many developers will have accounts. But now all localities are basically managed by the Housing Authority, or owners' committees are established. The owners' committee shall set up a special account in the designated bank, transfer the maintenance funds to the special account and use them according to the regulations, and the relevant departments of the Housing Authority shall implement them. Overhaul fund must pay it. The first housing maintenance fund is a special housing maintenance fund, and the owner needs to pay the maintenance fund before handing over the house. The owner can choose to deposit directly into the special maintenance fund account of the house, or entrust the developer to deliver it on his behalf. If it is for the developer to pay, then the developer needs to deposit the money into the special housing maintenance fund account within one month after receiving the maintenance fund. According to the law, if you don't pay the housing maintenance fund, you can't go through the normal handover procedures, and buyers can't hand over the house. The housing maintenance fund is mainly used for the maintenance and conservation of public parts, facilities and equipment in the community, and is supervised by the community property and owners' committee. If it is to be used, it must be approved by two-thirds of the owners.

Legal objectivity:

Measures for the Administration of Special Maintenance Funds for Residential Buildings Article 2 These Measures shall apply to the deposit, use, management and supervision of special maintenance funds for commercial housing and after-sale public housing. The term "residential special maintenance funds" as mentioned in these Measures refers to the funds earmarked for the maintenance, renewal and transformation of residential parts and facilities after the expiration of the warranty period. Measures for the Administration of Residential Special Maintenance Funds Article 4 The management of residential special maintenance funds shall be based on the principles of special account storage, earmarking, decision-making by the owners and government supervision.