Civil Law on Leased Property

Property selection needs to exceed 50% of the total number of all owners before it is approved. According to the law, the owners * * * shall vote on the matters decided by them, which shall be voted by the owners whose exclusive parts account for more than two thirds of the area and the number of people accounts for more than two thirds.

Legal objectivity:

Article 278 of the Civil Code of People's Republic of China (PRC): (1) Formulating and amending the rules of procedure of the owners' congress; (2) Formulating and amending management regulations; (three) to elect the owners' committee or replace the members of the owners' committee; (four) the selection and dismissal of property services companies or other management personnel; (five) the use of funds for the maintenance of buildings and their ancillary facilities; (six) to raise funds for the maintenance of buildings and their ancillary facilities. The owners * * * agree that the decision shall be passed by the owners who account for more than two-thirds of the exclusive area and more than two-thirds of the total number. Decisions on matters specified in Items 6 to 8 of the preceding paragraph shall be subject to the consent of the owners and more than 3/4 of the voters who participate in voting on the exclusive part. Other matters specified in the preceding paragraph shall be decided with the consent of more than half of the owners voting, and with the consent of more than half of the owners voting.