Who will bear the cost of community monitoring and aging transformation?

The cost of monitoring and aging renovation of residential quarters shall be borne by the owner.

According to the "Measures for the Administration of Property Service Charges", the expenses for overhaul, medium repair, renewal and transformation of the parts and facilities used by the property shall be charged through special maintenance funds, and shall not be included in the property service cost or property service expenditure. This means that the cost of aging renovation of residential monitoring equipment cannot be borne by the property company alone, but should be borne by all owners of the residential area. Owners can choose to apply for housing maintenance fund to pay the expenses, or with the consent of more than two-thirds of the owners, the owners can raise funds to solve the problem themselves. This arrangement not only complies with relevant laws and regulations, but also ensures fair and reasonable cost sharing and safeguards the overall interests and safety of the community.