Is there any legal basis for the use of government financial funds for property management, whether the contract can be renewed or must be re-tendered after its expiration? Thank you.

After the expiration of the property management contract with government financial funds, it can be renewed or invited for bidding.

At present, in China's property management industry, there are no laws and regulations requiring bidding.

Only the Property Management Regulations have relevant provisions on residential property.

property management regulations

Article 3 The State encourages owners to choose property management enterprises through an open, fair and just market competition mechanism.

Article 24 The State encourages construction units to select qualified property management enterprises through bidding in accordance with the principle of separating real estate development from property management.

The construction unit of residential property shall select a property management enterprise with corresponding qualifications through bidding; If the number of bidders is less than three or the residential scale is relatively small, with the approval of the real estate administrative department of the district or county people's government where the property is located, a property management enterprise with corresponding qualifications may be selected by agreement.

However, unless it is otherwise stipulated by individual units, for example, individual government departments have other regulations on their own departments, such as bidding, which must be implemented in accordance with the regulations.