Decoration deposit: the truth comes out

Decoration deposit sounds like a guarantee, but in fact? In fact, it is the "deposit" charged by the property management company when you decorate. This article will reveal the truth of the decoration deposit and help you better understand the cost.

Property company's "security deposit"

Decoration deposit is the "deposit" charged by the property management company when you decorate. Theoretically, when your renovation project is verified by the property management company, the money will be returned to you in full within a certain period of time.

Detention and delayed return are normal.

Often this is not the case, many property companies will find various reasons to withhold money or delay the return time. This is a kind of arbitrary charges against the owners, which seriously damages the rights and interests of the owners.

The state has no clear regulations.

Regarding the payment, return and deduction of the decoration deposit, the state has no clear regulations. This means that the handling of this fee depends entirely on the "mood" of the property management company.

It is forbidden to collect decoration deposit.

The good news is that some places have begun to explicitly prohibit property companies from collecting decoration deposits! This is a positive signal, which means that our rights and interests are being better protected.

Call for cancellation of decoration deposit

Let's appeal together, let the decoration deposit become history and let our rights and interests be better protected!