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Provisions on deposit for residential decoration
The purpose of the decoration deposit is to prevent the illegal operation of the decoration construction team from harming the interests of others or the public, and to provide effective protection for the injured party. The purpose is to supervise and standardize the decoration behavior and compensate the interests of the injured party. The realty service enterprise shall not collect decoration deposit or security deposit from the owners and property users.
Legal basis:
"People's Republic of China (PRC) property management regulations" article fifty-third owners need to decorate the house, it shall inform the property management companies in advance. The property management enterprise shall inform the owners of the prohibited acts and matters needing attention in the house decoration.
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