Reasons why the property refuses to disclose the details of income and expenditure

There are provisions in the Measures for the Administration of Property Service Charges:

Article 12

The implementation of the property service fee reward system, the property service expenditure received in advance belongs to the escrow nature and belongs to the owners who have paid it, and the property management enterprise shall not use it for expenses other than those agreed in the property service contract.

The property management enterprise shall announce the annual budget and final accounts of the property service funds to the owners' assembly or all owners, and announce the income and expenditure of the property service funds at least once a year.

When the owners or the owners' congress raise questions about the annual budget and final accounts of the property service funds and the income and expenditure of the property service funds, the property management enterprise shall promptly reply.

In other words, the property management company is not only obliged to publish the details of income and expenditure, the use of expenses, the balance, etc., but also should reply in time when the owners ask questions.

Extended data

The obligations of property management companies in property management mainly include:

1. Fulfill the property management contract and operate according to law;

2. Accept the supervision of the owners' committee and all owners;

3. Major management measures shall be submitted to the owners' committee for deliberation and approved by the owners' committee;

4. Accept the supervision and guidance of the real estate administrative department, relevant administrative departments and the people's government where the residential area is located.

References:

? Baidu Encyclopedia-Measures for the Administration of Property Service Charges