Provisions of Industry Committee on Hiring Property Companies

The industry committee shall not designate a property company. The state encourages construction units to select and employ property service enterprises through bidding in accordance with the principle of separating real estate development from property management. The construction unit of residential property shall select the realty service enterprise through bidding; If the number of bidders is less than three or the residential scale is small, with the approval of the real estate administrative department of the district or county people's government where the property is located, the property service enterprise may be selected by agreement.

Legal objectivity:

"Regulations on Property Management" Article 24 The State encourages construction units to select and employ property service enterprises through bidding in accordance with the principle of separating real estate development from property management. The construction unit of residential property shall select the realty service enterprise through bidding; If the number of bidders is less than three or the residential scale is small, with the approval of the real estate administrative department of the district or county people's government where the property is located, the property service enterprise may be selected by agreement.