What if the property is over-insured?

There is no obligation to maintain the property. During the warranty period, it belongs to the developer. After the warranty period, you can apply for a maintenance fund from the property.

According to Article 7 of the Measures for the Administration of Residential Special Maintenance Funds issued by the Ministry of Construction and the Ministry of Finance 165, commercial residential and non-residential owners should deposit residential special maintenance funds according to the construction area of the property they own, and the amount of the first residential special maintenance fund deposited per square meter of construction area is 5% to 8% of the cost per square meter of local residential construction and installation projects.

Extended information 1, developers and property companies are two main bodies, and owners and developers and property companies are two different legal relationships. Owners and developers are sales contracts, while owners and property companies are entrustment contracts.

2. Some property companies are subsidiaries of developers, and some property companies and legal representatives of developers are the same person, but it does not mean that developers are property companies.

3, property management by the owners and property services companies in accordance with the property service contract, the property management area of housing and supporting facilities and related venues for maintenance, conservation, management, maintenance of environmental sanitation and related order activities.

Baidu Encyclopedia-Property Management Regulations