Legal Analysis: The use of overhaul fund for property management must be signed by the owner. The scope of use of the housing maintenance fund is used for major, medium and renovation projects of the main structure, public parts and public facilities and equipment after the expiration of the housing warranty period. Maintenance costs are paid by all owners and belong to all owners. Under normal circumstances, the maintenance fund is established under the unified supervision of the real estate management department where the property is located and managed by the property management company. After the establishment of the owners' committee, the maintenance fund will be handed over to the industry committee, which will exercise the management right.

Legal basis: Article 4 of the Measures for the Administration of Residential Special Maintenance Funds follows the principles of special account storage, earmarking, owner's decision-making and government supervision.