How long will the renovation security fund be refunded?

The decoration deposit shall be returned to the owner within 90 days from the date of acceptance.

After the renovation of the owner, the renovation deposit shall be returned to the owner within 90 days from the date when the property management company passes the acceptance. Decoration deposit is the decoration deposit that the property management company will charge during the decoration. Decoration deposit is the deposit paid by the owner to the property management company to prevent decoration violations before decoration. After the decoration is completed, the property management company will return it in full without violating the rules, so as to supervise the standardized construction behavior of the decoration company.

The general process of signing renovation contract is as follows:

1. Sign the letter of intent: the owner and the decoration company sign the letter of intent first, specifying the basic requirements such as decoration scope, engineering quantity, construction period and price.

2. Contract preparation: On the basis of the letter of intent, both parties determine the contents and terms of renovation contract and prepare the draft contract.

3. Review the contract: the owner and the decoration company review the draft contract to ensure the accuracy of the contract.

4. Sign a formal contract: After confirmation and review by both parties, both parties formally sign the renovation contract and pay the deposit or advance payment as agreed in the contract.

5. Commencement: After signing the contract, the decoration company will arrange the construction and complete the construction task according to the contract.

6. Completion acceptance: After the construction of the decoration company is completed, the owner will accept the decoration effect and pay the balance after it is qualified.

To sum up, when signing the renovation contract, we should carefully read the terms of the contract, especially the terms on construction quality, construction period and materials. , to ensure that your rights and interests are protected.

Legal basis:

Article 586 of the Civil Code of People's Republic of China (PRC)

The parties may agree that one party shall pay a deposit to the other party as a guarantee for the creditor's rights. The deposit contract is established when the deposit is actually paid.

The amount of the deposit shall be agreed by the parties; However, it shall not exceed 20% of the subject matter of the main contract, and the excess shall not have the effect of deposit. If the actual amount of deposit paid is more than or less than the agreed amount, it shall be deemed as a change of the agreed amount of deposit.

Article 587

If the debtor performs the debt, the deposit shall be used as the price or recovered. If the party paying the deposit fails to perform the debt or the performance of the debt is not in conformity with the agreement, thus the purpose of the contract cannot be achieved, it has no right to request the return of the deposit; If the party receiving the deposit fails to perform the debt or the performance of the debt does not conform to the agreement, so that the purpose of the contract cannot be achieved, the deposit shall be returned twice.