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What is the source of the early start-up expenses of the property?
Measures of Beijing Municipal People's Government on Property Management of Residential Quarters. [1995] No.21No.14 The start-up funds for property management in residential quarters shall be paid by the development and construction unit of residential quarters to the property management committee or property management enterprise in a lump sum at the rate of 2% of the building installation fee.
According to local policies, general property management enterprises should negotiate with construction and development units to conclude corresponding contracts or agreements before initial startup.
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