Does the property management convention have legal effect?

Yes Management statute is an autonomous rule that is binding on all owners in the property management area through the owners' meeting on the management, use, maintenance and all relations of buildings, and its binding force is applicable not only to all owners, but also to property users, owners' heirs and managers in the property management area.

Management regulations are used to fill legal gaps, not to replace laws, and not to conflict with existing laws.