What if the property management contract expires?

Before the expiration of the contract, the owners' meeting shall be held to organize the owners to decide whether to renew or hire another property company, sign a service contract and implement the property services in the next three years. Deciding on this matter requires at least 50% of the owners' consent.

legal ground

property management regulations

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.

Thirty-eighth when the realty service contract is terminated, the realty service enterprise shall return the property management room and the information specified in the first paragraph of Article 29 of these regulations to the owners' committee. When the realty service contract is terminated, if the owners' congress selects a new realty service enterprise, the realty service enterprise shall do a good job of handover.