New Provisions of Civil Code on Property Management

According to the Civil Code, a property management company is an enterprise-type economic entity established in accordance with legal procedures and with corresponding qualifications to operate property management business. Property companies and owners or users are equal subjects and belong to service enterprises. Entrusted by the owner, the property company conducts professional management of specific areas in accordance with the provisions of relevant laws and regulations or the contract, and obtains corresponding remuneration.

Legal objectivity:

Article 34 of the Regulations on Property Management shall conclude a written property service contract with the property 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. "Regulations on Property Management" Article 35 A property service enterprise shall provide corresponding services in accordance with the provisions of the property service contract. The realty service enterprise fails to perform the realty service contract, causing personal and property safety damage to the owner, and shall bear corresponding legal responsibilities according to law.