Housing maintenance funds are used for the maintenance and renewal of the main structure, public parts and public facilities and equipment after the warranty period expires. The main load-bearing structures of houses include foundation, internal and external load-bearing walls, columns, beams, floors and roofs.

Public parts refer to outdoor walls, hallways, stairwells, corridors, etc. Public facilities and equipment refer to water pipes, elevators, facades, fire-fighting facilities, green spaces, roads, ditches and other facilities and equipment used by owners in houses and related supporting areas.

The CMC shall set up a special maintenance fund account in a commercial bank designated by the real estate administrative department and report the account to the real estate administrative department for the record.

Extended data:

A single owner can check the use and retention of maintenance funds under his name with the invoice of maintenance funds at the bank where the account is opened. In case of property losses caused by demolition, the owner can withdraw the balance in the sub-account from the bank with relevant certificates.

The owners of commercial housing and non-residential housing shall deposit special housing maintenance funds according to the construction area of their own property, and the amount of the first special housing maintenance funds deposited per square meter of construction area is 5% to 8% of the cost per square meter of local residential construction and installation projects.

The competent departments of construction (real estate) of the people's governments of municipalities directly under the central government, cities and counties shall, according to local conditions, reasonably determine and announce the amount of the first-phase residential special maintenance fund deposited per square meter of construction area, and make timely adjustments.

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