Residential special maintenance funds refer to funds earmarked for the maintenance, renewal and transformation of residential parts and facilities after the expiration of the warranty period. According to the inquiry of Chinese government website, the special maintenance fund for residence refers to the funds specially used for the maintenance, renewal and transformation of residential parts and facilities after the warranty period expires. Generally speaking, most of a new property does not need maintenance and repair, but once it is used for many years, it will inevitably make people feel uncomfortable and need to see a doctor, so it needs maintenance. At this time, investment is needed, sometimes it will be a large sum of money. For example, replacing elevators requires special maintenance funds. Generally speaking, the special housing maintenance fund is a pre-established fund to ensure the normal operation of the property, extend the service life of the property and safeguard the interests of the owners and users of the house. In a word, it is the "pension" of housing. Payment time of maintenance fund: the owner shall pay the house maintenance fund before handing over the house. If it is the first special housing maintenance fund, the owner can directly deposit it into the special housing maintenance fund account. Of course, if the owners find it troublesome to pay the maintenance fund in person, they can also entrust real estate development enterprises to pay it on their behalf. Entrusted by a real estate development enterprise, the real estate development enterprise shall remit the housing maintenance fund to the special housing maintenance fund account within 30 days from the date of entrusted operation. It should be noted that the maintenance fund must be paid. If you don't pay it, it will have a great impact on your future real estate license.