How does the owner terminate the property contract?

The property contract is automatically terminated when it expires. Before the expiration of the service period stipulated in the preliminary property contract, if the property contract concluded between the owners' committee and the new property service personnel has been established and taken effect, the preliminary property contract shall be terminated. According to Article 940th of the General Principles of the Civil Law, if the realty service contract concluded by the construction unit and the realty service provider according to law comes into effect before the expiration of the service period stipulated in the previous realty service contract, the previous realty service contract will be terminated. Article 948 stipulates that 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 will remain valid, but the service term is uncertain.

Legal objectivity:

Article 940th of the Civil Code If the realty service contract concluded by the construction unit and the realty service provider according to law comes into effect before the expiration of the service period stipulated in the prophase realty service contract, the prophase realty service contract shall be terminated. 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.