How many years does the developer's property expire?

The term of the realty service contract is two to five years. The specific term of the prophase realty service contract shall be agreed by the construction unit and the realty service enterprise, and the longest term shall be calculated from the date when the owners' congress signs the realty service contract with the realty service enterprise it selects.

If the term of the realty service contract expires, the owners' meeting has not yet been established or the realty service enterprise has not been selected according to law, the original contract can continue to be performed until the new realty service contract begins to provide realty service. However, the previous property can be replaced. If the community has set up an industry Committee and the related work is progressing rapidly, you can vote to change the property company. However, for most new communities, it is difficult to set up industry committees to carry out their work.

In short, the preliminary realty service contract can be agreed, but if the realty service contract signed by the owners' committee and the realty service enterprise comes into effect before the expiration of the time limit, the preliminary realty service contract will be terminated.

Legal basis:

property management regulations

Article 21

Before the owners' congress and the owners' congress select the realty service enterprise, the construction unit shall sign a written preliminary realty service contract.

Article 23

The construction unit shall express the temporary management agreement to the property buyer before the property is sold and explain it.

When signing a property sales contract with the construction unit, the property buyer shall make a written commitment to abide by the temporary management agreement.

Article 26

The prophase realty service contract may stipulate the time limit; However, if the realty service contract signed by the owners' committee and the realty service enterprise takes effect before the expiration of the term, the prophase realty service contract shall be terminated.