In 2021, the rules for property renovation deposits have changed. According to the latest regulations, the strata company is required to collect a certain amount of renovation deposit from the property owner to ensure that the property owner can comply with the strata company's regulations when renovating the house and avoid causing damage to the property.
First of all, the utility company needs to provide the owner with a renovation deposit agreement, which stipulates the amount of the deposit, how it will be paid, how it will be returned, and liability for breach of contract. The landlord is required to pay the deposit to the strata company within a certain period of time after signing the agreement.
Secondly, the amount of the renovation deposit is determined according to the size of the house and the complexity of the renovation. Generally, the amount of the deposit is between 500 yuan and 1000 yuan. If the owner needs to use public facilities such as elevators, there is also an additional fee.
During the renovation period, the property management company needs to supervise and manage the renovation behavior of the owner. If the owner is found to have violated the rules of the property management company, the property management company has the right to deduct the deposit and require the owner to bear the corresponding liability for breach of contract.
Finally, when the renovation is completed, the property company needs to inspect the house to confirm whether the house has been damaged. If the property is in good condition, the strata company will refund the deposit to the owner. If the property is damaged, the utility company will deduct the corresponding costs.
In addition to the renovation deposit, the property company also needs to charge other fees to the owner, such as property management fees, parking fees, etc. These fees are also subject to collection and refund in accordance with regulations.
In conclusion, the 2021 property renovation deposit regulations are very important to protect the rights and interests of property owners and property management companies. By collecting a renovation deposit and other fees, you can encourage property owners to comply with regulations and avoid damage to the property, while also protecting the rights and interests of the property company and ensuring that property owners can pay their fees on time.