The maintenance fund is used for the large and medium-sized repair, renewal and transformation of * * * old parts and * * * old equipment and facilities after the property warranty period expires.

When Party B transfers the ownership of the house, the balance maintenance fund will not be returned and will be transferred with the ownership of the house.

It is collected by the developer and supervised by the housing management department. The ownership belongs to the purchaser and shall not be used for other purposes. [2]

The above contents are for reference only, I hope I can help you. Thank you for your support to Kanfangwang. I wish you a happy purchase!