The paper mainly studies the status of the party of owner management based on real estate contract.

本文立足于物业服务合同来研究业主管理团体的法律地位。

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Our country adopts restrictionism in General Rules of the Civil Law, the original Economic Contract Law and Urban Real Estate Management Law.

我国对转租一贯采限制主义，无论是《民法通则》，还是原《经济合同法》和《城市房地产管理法》均采此主义。

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The second part analyzing the subjects of real estate management contract.

第二部分、物业管理合同主体分析。

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Morgans has a management contract to run the properties and is a real estate equity partner in all of them, shouldering its share of all operating expenses including its own management fee.

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