What does the management fee of the property company mean?

The contract gratuity system is a form of property management in which the property fees charged by the property company are extracted from the necessary costs in the property operation, and the contract gratuity is extracted according to the proportion agreed in the service contract signed with the owners' committee, and the majority of owners enjoy or bear the balance or deficiency. It is characterized by publishing the financial statements of the property at least once every six months and accepting the supervision of the owners.