Will there be a penalty if there is no fire hydrant property in the old community?

Yes, there are no fire hydrants in the old community, and the property management company may be punished.

According to Article 35 of the Property Management Regulations, the property service enterprise shall provide corresponding services in accordance with the stipulations of the property service contract. The realty service enterprise fails to perform the realty service contract, causing personal and property safety damage to the owner, and shall bear corresponding legal responsibilities according to law.

In terms of fire safety management, property management companies should maintain and manage public fire control facilities within their jurisdiction and provide fire safety prevention services. If the property management company has obvious defects in fire safety management, such as no water hydrant or blocked fire passage, which increases the possibility of serious consequences caused by fire and endangers the property safety of residential quarters and the personal safety of owners, then the property management company should bear the corresponding liability for compensation.

In addition, according to the provisions of the Fire Protection Law, property service enterprises should undertake corresponding fire protection management responsibilities when undertaking property management. If the fire escape is blocked and not handled, the property company may impose a fine of ten thousand yuan.

Therefore, if there is no fire hydrant in the old community, the property company may be punished for failing to perform its duties.