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New Provisions on Property Decoration Deposit in 2020
2. Decoration management service agreement signed by the owner and the property management company.
3. The decoration deposit is generally borne by the owner.
4. If the owner and the property management company sign a contract and treaty on the payment method of the decoration deposit, they shall pay in accordance with the treaty. If the property has evidence to prove that the owner has violated the rules, part or all of the decoration deposit will be confiscated.
The standard of decoration deposit varies from place to place, which is generally determined according to the local charge management.
Legal basis: Article 52 of the Regulations on Property Management. If the owner needs to decorate the house, he shall inform the property service enterprise in advance.
The realty service enterprise shall inform the owners of the prohibited acts and matters needing attention in the house decoration.
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