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Will default on property fees affect credit reporting?
Arrears of property fees will not directly affect credit reporting. However, if the person subjected to execution fails to perform the obligations specified in the legal documents, the people's court may take measures or notify the relevant units to provide assistance and record it in the credit information system. Therefore, although defaulting on property fees will not directly lead to credit problems, long-term non-performance of obligations may have a negative impact on personal credit. Legal basis: Article 41 of the Regulations on Property Management, the owner shall pay the property service fee according to the agreement in the property service contract. If the owner and the user of the property agree that the user of the property shall pay the property service fee, the owner shall bear joint and several liability from the agreement. Property that has been completed but has not been sold or handed over to the property buyer shall be paid by the construction unit. Sixty-fifth in violation of the property service contract, the owners failed to pay the property service fee, the owners' committee shall urge them to pay within a time limit; If it fails to pay within the time limit, the realty service enterprise may bring a lawsuit to the people's court. Article 262 of the Civil Procedure Law, if the person subjected to execution fails to perform the obligations specified in the legal documents, the people's court may take or notify the relevant units to assist in taking measures to restrict his exit from the country, record them in the credit information system, and publish the information of non-performance of obligations and other measures prescribed by law through the media.
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