Special Fund for Housing Maintenance and Repair

refers to the fund specifically used for the maintenance, renewal, and renovation of the common parts and common facilities and equipment of residential buildings after the expiration of the warranty period. According to the Administration Measures for the Special Fund for Housing Maintenance and Repair issued in 2007 by China’s former Ministry of Construction, property owners shall submit a deposit for the special fund for housing maintenance and repair based on the floor area of their property.