Can the property contract signed by the parent company be managed by the subsidiary company?

The property contract signed by the parent company cannot be handed over to the subsidiary for management. The parent company and subsidiary company are different legal subjects, and the performance of the contract involves obligations and requires the consent of the opposite party, so it is necessary to change the contract. Therefore, the contract signed by the parent company should be performed by the parent company, not by the subsidiary company.

The difference between a parent company and a subsidiary company is:

1, the two concepts are different. A parent company refers to a company that owns more than a certain percentage of shares in another company, or can actually control another company through an agreement, while a subsidiary company refers to a company that owns more than a certain percentage of shares in another company, or is actually controlled by another company through an agreement. Both the subsidiary and the parent company have legal person status and can independently bear civil liability;

2. The subsidiary is actually controlled by the parent company, which has the right to decide all major matters of the subsidiary, and the parent company can decide the composition of the board of directors of the subsidiary, or directly exercise the power to appoint directors of the board of directors;

3. The relationship between subsidiaries and parent companies is mainly based on the control or possession of shares.

Legal basis:

Article 14 of the Company Law of People's Republic of China (PRC)

Companies can set up branches. The establishment of a branch company shall apply to the company registration authority for registration and obtain a business license. A branch company does not have legal person status, and its civil liability shall be borne by the company.

A company may set up subsidiaries, which have legal personality and independently bear civil liabilities according to law.