Are the property and the developer together?

Mondo Social Updated on 2024-02-01

In China, property and developer are not necessarily the same thing.

First of all, we need to clarify the concept of property and developer and their responsibilities and relationships.

A developer is a company responsible for real estate projects, mainly responsible for the development, construction, and sales of real estate projects. After the completion of the project development, the developer usually chooses a professional property company to be responsible for the management and service of the property. Therefore, there is a cooperative relationship between the developer and the property company to jointly provide services to the owners.

A property company is a company that specializes in property management and services, and its main responsibilities include maintenance, safety management, environmental hygiene, customer service, etc. The service scope of the property company covers property management, repair, maintenance and other aspects, providing a full range of services for owners.

In some cases, the property company may be a subsidiary or affiliate of the developer, in which case the property and the developer are together. However, not all property companies are subsidiaries or affiliates of developers, and many property companies are independent third-party service providers and have a cooperative relationship with developers.

In addition, even if the property company is a subsidiary or affiliate of the developer, it does not mean that all the business and services of the property and the developer are provided together. In practice, property companies and developers are usually independently accounted for and operated, and their businesses and services may overlap to a certain extent, but they also have their own unique business and service scope.

To sum up, the property and the developer are not necessarily together, it depends on the specific situation. Even if the property company is a subsidiary or affiliate of the developer, they are usually independently accounted for, operated independently, and have their own unique business and service scope. When choosing a property company, the owner should pay attention to the quality and professionalism of the property company, rather than just whether it is a subsidiary or affiliate of the developer. At the same time, the relevant departments should also strengthen the supervision and management of properties and developers, protect the legitimate rights and interests of owners, and promote the healthy development of the real estate market.

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