The city’s legislative affairs office has released a draft of property management regulations, which specifies that the earnings of common property are shared by all the owners and must be deposited in a joint account.
The regulations, co-drafted by the city’s legislative affairs office and the housing and construction bureau, are aimed to regulate property management in the city, safeguard the legitimate rights and interests of property owners and enterprises providing property management services, and to ensure the safety and rational use of property.
The draft regulations further clarify the common areas and common funds and specify the scope and supervision of the common funds. In addition, the parking places that are owned by homeowners collectively should meet the needs of the owners first, and the use and earnings should be decided by the general meeting of the owners.
The draft regulations also make explicit the rights, obligations and status of the general meeting, which can apply for a unified social credit code certificate. Additionally, the draft sets the conditions for the convening of the general meeting and the establishment of the owners’ committee, and stipulates on the reshuffle, daily supervision and management of the homeowners committees.
Currently there are a total of 3,597 residential estates in the city, among which 1,476 have set up an owners’ committee, accounting for about 41 percent of the total. Residents can submit their opinions through the portals of the city’s legislative affairs office (http://fzb.sz.gov.cn) and the housing and construction bureau (http://www.szjs.gov.cn) or via email to wangh@fzb.sz.gov.cn, before Dec. 25.
