Do property expenditures need to be publicized?

Legal analysis: property expenditure needs to be publicized. The realty service enterprise shall announce the service items, service quality standards, charging standards and charging methods agreed in the realty service contract in a prominent position within the realty management area, accept the supervision of the owners, listen to the opinions and suggestions of the owners, and timely feedback the handling of the opinions and suggestions to the owners. Property service enterprises to implement the property service fee system, it should be announced the income and expenditure of property management funds.

Legal basis: Article 943 of the Civil Law of People's Republic of China (PRC) stipulates that property service providers have the obligation to disclose information: property service providers should regularly disclose service items, responsible personnel, quality requirements, charging items, charging standards and performance, as well as the use of maintenance funds, part of the owners' operations and income. Report to the owners in a reasonable way, and report to the owners' meeting and owners' committee. And publicity is just one of the ways of information disclosure.

The contents and methods of disclosure and reporting by property service providers can be clearly stipulated in the property service contract. If there is an agreement, it shall be determined in accordance with relevant regulations.