Disadvantages of trust property system

Trust management is the basic way of property management. With the deepening of housing system reform and the evolution of property trust management mode, the fundamental problem of owner autonomy has not been solved.

In the reform of housing system for more than 20 years, we have never found any convenient and operable laws, regulations or policies to regulate owner autonomy. Although the Property Management Regulations initially standardized the autonomy of owners, it was criticized in real life because of its poor operability. Because the fundamental problem of owner's autonomy has not been well solved, although the government departments have issued many policies around property management, the disputes over property management have been constant and intensified.

Trust-type property management mode: Trust Law and Property Law provide protection, and property companies are bound by signing trust deed, which sounds good for owners with increasing legal awareness. Trust property management mode is a new thing in Langqinyuan Community, Xuanwu District, Beijing.

The owner of the community has been arguing with the original property management department. Recently, they invited a new property management department, and signed a property management right trust deed in Langqinyuan Community, Xuanwu District, Beijing, and found a new property management model-trust property management. In this property management mode, Longines Garden owners' meeting is the client, the property management company is the trustee, and all the owners are the beneficiaries.

Trust property management means that the client (owners' assembly) entrusts its property rights to the trustee based on the trust in the trustee (property company), and the trustee manages or disposes in his own name for the benefit of the beneficiary (owners), or uses it for a specific purpose according to the wishes of the client. Under the trust property management mode, the biggest beneficiaries will be the trust beneficiaries, that is, most owners. Different from the traditional entrusted property management model, the strong legal basis of trust property management is trust law. This model has gradually evolved into property management.