When can the house decoration deposit be refunded?

"Decoration deposit shall be returned to the owner within 90 days from the date of inspection. Measures for the implementation of residential property service charge management: After the owner finishes the decoration, the decoration deposit shall be returned to the owner within 90 days after the property management company passes the acceptance.

What is the function of the deposit?

1, to adapt to the characteristics of the construction market and the construction industry, the implementation of the performance bond system can enhance the trust of the construction unit in the contractor, reduce the risk of the investor, and lay a good foundation for the cooperation between the two parties.

2. Ensure the standardization of the market operation of the bidding contractor, and prevent unreasonable bidding. After the implementation of the performance bond system, if the winning contractor fails to implement the contract cost, the construction unit can choose another contractor, and the performance bond will not be returned to the original winning contractor to compensate the bidding unit for the cost loss of choosing another contractor.

3. Maintain the legal effect of the contract and ensure the normal performance of the contract. The performance bond is a very powerful constraint condition for the bidding unit to the winning contractor, which is beneficial to the effective supervision and control of the contractor by the construction unit and the supervision unit, preventing the decline of the project quality level and urging the contractor to earnestly perform the contract.

4. It is conducive to the integration of China's construction market with the international market. Performance bond is a common practice in the operation of international construction market. Both the World Bank Guide and ADB Guide have corresponding provisions to protect the interests of domestic investors, make China's construction market keep pace with the international market in relevant provisions, and make contributions to China's better participation in international competition.

Legal regulation of decoration deposit

1. The decoration deposit is the decoration deposit that the property management company will charge during the decoration. Decoration deposit is the deposit paid by the owner to the property management company before decoration to prevent decoration violations. After the decoration is completed, the property management company will return it in full without violating the rules, so as to supervise the standardized construction behavior of the decoration company.

2. Regarding the legal provisions of the decoration deposit, at present, Article 53 of the Property Management Regulations clearly stipulates that if the owner needs to decorate the house, he shall inform the property management enterprise in advance; The property management enterprise shall inform the owners of the prohibited acts and matters needing attention in the house decoration.

3. Obviously, the property management regulations only state that the owner should fulfill the obligation to inform the property management company about the renovation, but it does not clearly state that the renovation deposit should be paid. Therefore, the national laws and regulations have no clear provisions on the decoration deposit, but some local governments have formulated relevant regulations to implement the regulations, so if there are any, they will pay some decoration deposits to the property according to the regulations, and they are not required to pay them.