What is property management agreement arbitration? What should the arbitration of property management agreement generally include?

Arbitration of property management agreement, that is, in the property management contract or agreement, it is agreed that the jurisdiction of disputes between the two parties is the arbitration commission (of course, it can also be agreed as the court).

Any violation of the terms of the contract can be submitted to the arbitration commission according to the jurisdiction clause. Including property disputes caused by inadequate services, personal and property disputes caused by breach of contract, and disputes caused by the use and maintenance of public areas; Disputes caused by the use of maintenance funds.

The characteristic of arbitration is that both parties can choose their own arbitrators from the roster of arbitrators. Arbitrators generally have professional backgrounds and are more professional than courts. Moreover, arbitration is final and the trial speed is faster than that of the court.