Job Recruitment Website - Property management company - The property did not renew the contract.
The property did not renew the contract.
Legal basis: Civil Code of People's Republic of China (PRC).
Article 940th Prior to the expiration of the service period stipulated in the preliminary realty service contract concluded by the construction unit and the realty service provider according to law, if the realty service contract concluded by the owners' committee or the owners and the new realty service provider comes into effect, the preliminary realty service contract shall be terminated.
Article 947 If the owner decides to renew the employment according to law before the expiration of the realty service term, it shall renew the realty service contract with the original realty service provider before the expiration of the contract term.
If the realty service provider does not agree to renew the employment before the expiration of the realty service period, it shall notify the owner or the owners' committee in writing 90 days before the expiration of the contract period, unless the notice period is otherwise stipulated in the contract.
Article 948 After the expiration of the term of realty service, if the owner fails to make a decision to renew or select the realty service provider according to law, and the realty service provider continues to provide realty service, the original realty service contract shall remain valid, but the service term is uncertain. Both parties may terminate the indefinite property service contract at any time, but shall notify the other party in writing 60 days in advance.
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