Must the residential property be a company?

According to relevant national regulations, residential property management must be a qualified limited company.

property management regulations

(Promulgated by Order No.379 of the State Council of the People's Republic of China on June 8, 2003 and revised according to the Decision of the State Council on Amending the Regulations on Property Management on August 26, 2007) Chapter IV Property Management Services

Thirty-second enterprises engaged in property management activities should have independent legal personality.

The state implements a qualification management system for enterprises engaged in property management activities. The specific measures shall be formulated by the administrative department of construction in the State Council.

Thirty-third personnel engaged in property management shall obtain professional qualification certificates in accordance with the relevant provisions of the state. Measures for the Administration of Qualification of Property Service Enterprises

(decree number. The Ministry of Construction on March 7, 2004 125, 20071October 26 165438)

Decision of the Ministry of Construction on Amending the Amendment)

Article 1 In order to strengthen the supervision and management of property management activities, standardize the market order of property management and improve the service level of property management, these Measures are formulated in accordance with the Regulations on Property Management.

Article 2 These Measures shall apply to the application for the qualification of realty service enterprises and the implementation of the qualification management of realty service enterprises within the territory of People's Republic of China (PRC).

The term "realty service enterprise" as mentioned in these Measures refers to an enterprise established according to law, with independent legal personality and engaged in realty management service activities.

Article 3 The qualification grades of realty service enterprises are divided into Grade I, Grade II and Grade III.

According to the above provisions, the realty service enterprise must have the legal person qualification. Because sole proprietorship enterprises and private partnerships do not have legal personality, residential property management units must be limited companies with legal personality.