How do property companies and communities sign contracts?

Legal analysis: 1. The property management company shall, three months before the termination of the original property management service contract, apply to the community industry committee for renewal, and submit the draft renewal contract;

2. Within 30 days after receiving the application for renewal from the property company, the owners' committee will hold a meeting of owners to discuss and vote whether to continue to sign the contract with the current property service enterprise;

3. After the owners' congress votes to agree to renew the contract, the industry committee shall submit the draft text of the realty service agreement to the owners' congress for deliberation (or solicit the opinions of the owners after publicity);

4. After the realty service agreement is reviewed and approved by the owners' meeting, the industry committee will notify the realty service enterprise to sign the contract;

5. After the signing of the realty service agreement, the realty company shall submit the original agreement to the local housing management department for filing the realty contract.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 465 A lawfully formed contract shall be protected by law. A legally established contract is legally binding only on the parties, except as otherwise provided by law.

Article 577 Where a party fails to perform its contractual obligations or fails to perform its contractual obligations in conformity with the contract, it shall be liable for breach of contract such as continuing to perform, taking remedial measures or compensating for losses.