When will the decoration deposit collected by the property be refunded?

The decoration deposit will be refunded after the owner's decoration is qualified. Any civil subject who wants to refund the decoration deposit must make a refund request himself. Whether building or decorating a house, builders may be required to pay a quality deposit. As long as there is no problem with the quality after inspection, you can ask for the return of the quality guarantee money at this time.

1. When will the renovation deposit be refunded?

The decoration deposit will be refunded after the owner's decoration is qualified. "Property Management Regulations" does not clearly stipulate the provisions on collecting decoration deposit. Regarding the collection amount and return time of the decoration deposit, there should be clear words in the decoration management service agreement signed between the owner and the property. If the property is not returned in time according to the agreement, the owner can bring a lawsuit to the relevant department according to the agreement to safeguard his legitimate rights and interests.

2. What is the proportion of the quality deposit for the decoration project?

1. Article 62 of the Building Law of People's Republic of China (PRC) stipulates that "the quality warranty system shall be implemented for construction projects", and "the specific warranty scope and minimum warranty period shall be stipulated by the State Council". The purpose of the project quality warranty payment stipulated in the construction contract of the construction project is to ensure that the funds needed for the project warranty are in place in time, and it is a safeguard measure to restrain the construction unit from fulfilling the warranty obligations. Therefore, the quality warranty payment should be processed after the warranty period ends.

2, general provisions, decoration engineering quality margin ratio:

The project quality deposit shall be multiplied by the total settlement amount of the project price as agreed in the contract (generally 5%). In one case, the equipment quality deposit ratio is 5%- 10%, which shall be determined by both parties through consultation.

Three, other relevant provisions of the quality deposit

1, in both cases, the project quality deposit will not be reserved.

If the performance bond has been paid before the completion of the project, the employer shall not reserve the project quality bond at the same time.

If other guarantee methods such as project quality deposit and project quality insurance are adopted, the Employer will not reserve any deposit.

2. Reserved deposits can be managed by a third party.

If the social investment project adopts the method of reserving the deposit, the developer and the contractor may agree to entrust the deposit to a third-party financial institution for safekeeping.

3, the implementation of bank guarantee instead of cash deposits.

The implementation of the bank guarantee system, the contractor can use the bank guarantee instead of the reserved deposit. Bank guarantee, project quality guarantee, project quality insurance and other guarantee methods shall be regarded as cash deposit with the same effect, and no deposit shall be reserved.

4, overdue return, the employer shall pay liquidated damages.

The Employer shall specify the contents of deposit reservation and return in the tender documents. In the terms of the contract, it is also necessary to clearly stipulate the payment method of liquidated damages for overdue return of the deposit and the liability for breach of contract.

5. The longest liability period for defects is 2 years.

Since the date when the project passes the completion acceptance, it will automatically enter the defect liability period. The defect liability period is generally 1 year, and the longest is not more than 2 years, which shall be agreed by both parties in the contract.

Generally speaking, only in Jiang Xiu, housing and other projects will be required to pay quality deposit. As for renovated houses, they will generally be required to pay deposit. After the house decoration is completed, if you can pass the quality inspection, you can ask the other party to refund the deposit or quality deposit you have paid. If it fails, you may be asked to redecorate.