When can the decoration deposit be refunded?

The decoration deposit is generally refunded after the decoration is completed and the property inspection confirms that there is no problem.

Specifically, this time point can be agreed in the decoration management service agreement signed by the owner and the property after the decoration. If the owner does not violate the relevant construction contents, the property shall return the deposit in time. However, if the owner violates the law in the renovation process, the property has the right to deduct part of the deposit and require the owner to rectify within the specified time. If losses are caused to public interests, the owners shall also bear corresponding responsibilities.

Provisions and functions of refund of decoration deposit. The decoration deposit shall be refunded within 90 days after the decoration is qualified. The role of the deposit includes enhancing trust, standardizing market operation, maintaining the effectiveness of the contract and connecting with the international market. National laws do not specify the provisions of decoration deposit, but local governments can formulate relevant regulations. Legal construction can guarantee the refund of the deposit.

When can the decoration deposit be refunded?

The decoration deposit shall be returned to the owner within 90 days from the date of acceptance. 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.

Renovation deposit refund process and matters needing attention:

Refund of decoration deposit is an important procedure, which needs to follow certain procedures and precautions. First of all, the tenant should apply to the landlord for a refund of the deposit after the renovation is completed. The landlord should check and accept the application after receiving it to ensure that the house will not be damaged or destroyed. If the house is not damaged, the landlord will return the deposit in full to the tenant within a certain period of time.

In this process, both parties should pay attention to the following matters. First of all, the tenant should keep relevant evidence, such as photos, contracts, etc., when decorating, so as to provide proof when returning the deposit. Secondly, the landlord should check and accept in time and communicate with the tenant before returning the deposit to ensure that both parties reach an agreement. Finally, if a dispute arises, both parties can seek legal solutions.

In short, the refund of the decoration deposit needs to follow certain procedures and precautions, and both parties should maintain communication and cooperation to ensure the fair and smooth completion of the refund procedure.

To sum up, the refund of the decoration deposit needs to follow certain procedures and precautions, and both parties should maintain communication and cooperation to ensure the fair and smooth completion of the refund procedure.

Legal basis:

Measures for the implementation of residential property service charge management

The decoration deposit shall be returned to the owner within 90 days after the decoration is completed and the property is accepted.