According to Article 28 of the Measures for the Administration of Residential Special Maintenance Funds

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.