The transfer of property rights, but also the transfer of maintenance funds.

If the owner fails to pay the house maintenance fund when obtaining the property right, he needs to pay the house maintenance fund when the house is transferred.

Measures for the administration of residential special maintenance funds

Article 8

After the sale of public housing, residential special maintenance funds shall be deposited in accordance with the following provisions:

(1) The owner shall deposit the special maintenance fund for the house according to the construction area of the property he owns, and the amount of the first special maintenance fund for the house per square meter of construction area shall be 2% of the local housing reform cost price.

(two) units selling houses shall, in accordance with the proportion of not less than 20% of multi-storey houses and not less than 30% of high-rise houses, draw a one-time special maintenance fund for houses from the sales funds.

Article 28

When the ownership of the house is transferred, the owner shall explain to the transferee the deposit and balance of the special maintenance fund of the house and issue a valid certificate. The housing special maintenance fund with the balance in the housing subsidiary ledger shall be transferred at the same time as the housing ownership.

The transferee shall go through the formalities of renaming the sub-ledger at the special account management bank with the Transfer Agreement of Special Housing Maintenance Funds, the Property Ownership Certificate and the ID card.