The Legal Basis of Community Escrow in Fujian Province

1. Generally, it is legal to handle the custody business, but you must go through the relevant procedures according to law and get the license. In addition to abiding by laws, regulations and relevant management regulations, the administrator of the custody institution must also obtain the consent of the interested owners.

2. The legal basis is Article 271 of the Civil Code of People's Republic of China (PRC). Owners have the ownership of exclusive parts of buildings such as houses and business buildings, and have the right to co-manage the parts other than the exclusive parts.

3. Article 272 of the Civil Code of People's Republic of China (PRC). Owners have the right to possess, use, profit from and dispose of the exclusive parts of their buildings. The owner's exercise of rights shall not endanger the safety of the building or damage the legitimate rights and interests of other owners.