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How much start-up capital does the developer give when taking over the property company?
Article 14 of Beijing Municipal Government 1995 Order No.21Measures for Property Management in Residential Areas (still valid) stipulates that the start-up funds for property management in residential areas shall be paid by the development and construction unit of residential areas to the property management committee or property management enterprise at one time according to the proportion of 2% of the building installation fee.
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