What does collective property mean?

Legal analysis: the assets of collectively owned property management enterprises are collectively owned. This kind of enterprise is generally based on the original real estate management institution of the street, which is established by the street or other institutions to manage the property or other property in the street area. In addition, such enterprises can also be established by collectively owned real estate development companies, mainly engaged in all kinds of real estate developed by enterprises themselves.

Legal basis: Article 944 of General Principles of Civil Law of People's Republic of China (PRC), the owner shall pay the property fee to the property service provider as agreed. If the property service provider has provided services in accordance with the agreement and relevant regulations, the owner shall not refuse to pay the property fee on the grounds that he has not accepted or does not need to accept the relevant property services. If the owner fails to pay the property fee within the time limit in violation of the agreement, the property service provider may urge him to pay it within a reasonable period of time; If the payment is not made within a reasonable period, the property service provider may bring a lawsuit or apply for arbitration. The property service provider shall not stop power supply, water supply, heat supply and gas supply to demand payment of property fees.