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Does the owner have the right to audit the financial revenue and expenditure of the property management company?
Yes Measures for the Administration of Property Service Charges Article 12 Where the property service charge system is implemented, the property service charges received in advance belong to the escrow nature and belong to the paid owners, and the property management enterprise shall not use them for expenses other than those stipulated in the property service contract. The property management enterprise shall announce the annual budget and final accounts of the property service funds to the owners' assembly or all owners, and announce the income and expenditure of the property service funds at least once a year. Thirteenth owners or owners of the general assembly to publish the annual budget and final accounts of property services funds and the income and expenditure of property services funds, the property management enterprise shall give a timely reply. The property management enterprise or the owners' congress may, according to the stipulations of the property service contract, hire a professional institution to audit the annual budget and final accounts of the property service funds and the income and expenditure of the property service funds.
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