Housing maintenance fund is generally used for the renovation of the main structure, public parts and public facilities of the house after the warranty period expires, including the maintenance funds of public facilities and the maintenance funds of the house itself.
The money for public facilities of the house is usually used for the maintenance and renewal of the same part of the property and public facilities, and cannot be used elsewhere. Housing special maintenance fund usually collects money according to the rules of the house. When the house is transferred, the balance inside will also be transferred to the new owner.
Generally, the owner should hand it over to the developer one month before handling the real estate license, and then the developer will hand it over to the real estate management center. If the developer requires the owner to pay the property maintenance fund together with the down payment, then the developer must pay the bank interest charged in advance during this period.