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What responsibilities and risks does the property legal person bear?
Legal basis: Regulations on Property Management
Thirty-second enterprises engaged in property management activities should have independent legal personality. The State Council construction administrative departments shall, jointly with relevant departments, establish a joint incentive mechanism for trustworthiness and a joint disciplinary mechanism for dishonesty, and strengthen the integrity management of the industry.
Article 33 A property management area is managed by a property service enterprise.
Article 34 The owners' committee shall sign a written realty service contract with the realty service enterprise selected by the owners' congress. Property service contracts shall stipulate property management matters, service quality, service fees, rights and obligations of both parties, management and use of special maintenance funds, property management premises, contract term, liability for breach of contract, etc.
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