Housing maintenance fund actually includes housing public facilities special fund and housing maintenance fund. The special fund for housing public facilities is referred to as the special fund, which is used for projects such as the renovation of common parts of property and public facilities and equipment, and shall not be used for other purposes. When selling commercial housing, the purchaser and the selling unit shall sign the relevant maintenance fund payment agreement, and the purchaser shall pay the maintenance fund to the selling unit according to the proportion of 2 to 3% of the purchase price. The maintenance fund collected by the selling unit belongs to all owners and is not included in the residential sales income. Housing maintenance fund for public facilities and equipment after the expiration of the warranty period of large and medium-sized repair, renovation projects.
Legal objectivity:
Measures for the Administration of Maintenance Funds for Some Residential Facilities and Equipment Article 4 * * * * Commercial housing and public housing shall be established after sale (hereinafter referred to as "maintenance funds"). The maintenance fund shall be used in accordance with the Financial Management Regulations of Property Management Enterprises (OrderNo. 987th of the Ministry of Finance) to be used exclusively for the overhaul, renewal and transformation of residential parts and facilities after the warranty period expires. Fifth commercial housing sales, the buyer and the sales unit shall sign a maintenance fund payment agreement. Property buyers should pay the maintenance fund to the selling unit according to the proportion of 2%-3% of the purchase price. The maintenance fund collected by the selling unit belongs to all owners and is not included in the residential sales income. The collection ratio of maintenance funds shall be determined by the real estate administrative departments of the people's governments of provinces, autonomous regions and municipalities directly under the Central Government.