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Who is the income from renting residential houses?
Legal basis: Article 271 of the Civil Law of People's Republic of China (PRC) stipulates that the owner shall have the ownership of the exclusive parts of the building, such as the business premises, and the parts other than the exclusive parts shall have the right to jointly manage with * * * *.
Regulations of People's Republic of China (PRC) Municipality on Property Management
Article 228 The construction unit shall not dispose of the ownership or use right of the * * * parts of the property and the * * * facilities and equipment enjoyed by the owner according to law.
Article 256 Where a property uses * * * parts and * * * facilities and equipment for business operation, it shall go through the relevant formalities in accordance with the provisions after obtaining the consent of the relevant owners, owners' congress and property service enterprises. The proceeds should be mainly used to supplement special maintenance funds, and can also be used according to the decision of the owners' meeting.
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