Refund of house decoration deposit and deposit

This article will introduce the refund of house decoration deposit and security deposit to help you understand relevant laws and regulations and owners' rights and interests.

decoration deposit

If there is no deposit in renovation contract, the decoration company has the right not to return it. According to the provisions of the Civil Code, the amount of deposit shall be agreed by the parties; However, it shall not exceed 20% of the subject matter of the main contract, and the excess shall not have the effect of deposit. If the actual amount of deposit paid is more than or less than the agreed amount, it shall be deemed as a change of the agreed amount of deposit.

decoration deposit

The decoration deposit will be refunded after the owner's decoration is qualified. "Property Management Regulations" does not clearly stipulate the provisions on collecting decoration deposit. Regarding the collection amount and return time of the decoration deposit, there should be a clear written agreement in the decoration management service agreement signed between the owner and the property. If the property is not returned in time according to the agreement, the owner can bring a lawsuit to the relevant department according to the agreement to safeguard his legitimate rights and interests.

Refund time

After the owner finishes the renovation, the renovation deposit will be returned to the owner within a certain period of time. How long it takes to refund the deposit depends on the time stipulated in the contract signed between the owner and the property, which is usually 1 2 months later, but not more than 3 months.