Civil code property decoration deposit

Property decoration deposit is a fee charged by the property company to ensure that the owners abide by the regulations during the decoration process and avoid damaging the property.

I. Collection of property decoration deposit

Before the owner carries out renovation, the property company has the right to collect a certain amount of renovation deposit according to the relevant provisions of property management. This deposit is mainly to ensure that the owner can abide by the relevant regulations during the renovation process and avoid damaging the property.

Second, the use of property decoration deposit

The decoration deposit collected by the property company shall be used exclusively for the maintenance and repair of the public areas of the property and the exclusive parts of the owners. If the owner violates the relevant regulations in the decoration process, resulting in property damage, the property company has the right to deduct the corresponding maintenance costs from the deposit.

Third, refund the property decoration deposit.

After the decoration is completed, the property management company shall inspect the property and return the deposit to the owner in time after confirming that there is no damage. If the property company delays the refund of the deposit without reason, the owner has the right to require the property company to bear corresponding legal responsibilities.

To sum up:

Property decoration deposit is a fee charged by the property company to ensure that the owners abide by the regulations during the decoration process and avoid damaging the property. The property company shall collect, use and manage the deposit according to law, and return it in time after the renovation is completed. Owners also have the right to ask the property company to handle the deposit according to law and safeguard their legitimate rights and interests.

Legal basis:

People's Republic of China (PRC) Civil Code

Article 944 stipulates:

The owner shall pay the property fee to the property service provider as agreed. If the property service provider has provided services in accordance with the agreement and relevant regulations, the owner shall not refuse to pay the property fee on the grounds that he has not accepted or does not need to accept the relevant property services.

If the owner fails to pay the property fee within the time limit in violation of the agreement, the property service provider may urge him to pay it within a reasonable period of time; If the payment is not made within a reasonable period, the property service provider may bring a lawsuit or apply for arbitration.

The property service provider shall not stop power supply, water supply, heat supply and gas supply to demand payment of property fees.