Despite the great food, diversity, and the great business boom on a steady roll from 201, china is still an easy to live country compared to many western countries. You not only get easy to rent houses but also an immensely beautiful culture and historical sites, the ability to serve the customers in the APAC region, great access to the rest of Asia, and also the breathtakingly beautiful countryside. You get it all in china, which is why many people are renting a property in China.
So to rent in china, you must first know how it does all works. The rental process in china may be pretty overwhelming. When you are surrounded by huge buildings and have little know-how of the language, having a real estate agent maybe your best option. You can find a real estate agent that speaks English in china’s bigger cities. You must also know that Chinese real estate agents may try up selling an apartment to you if you are a foreigner in China. If you think this is the case, try being inflexible and stay in your price range.
A few terms that you must know about are the following:
- Realtor
- Deposit
- Lease
- Furnished
- Fees
- Room
- Rent
It is often very easy to have furnished Chinese apartments. When you are picking an apartment, you will have to like the neighborhood and space indoors and adjust to the decoration. Bargaining is quite common in the Chinese rental market. If you get any luck, you might convince the owner to get the furniture out and hence give you a lower monthly payment in the bargain.
You can also bargain with the landlord and try having lower rents adjusted with your landlord. You will have to have a job to get an apartment. Most landlords will ask you to show the visa or proof that you are allowed to live in china, and hence you will have to have a job for having these credentials.
To rent in china, you should know that the law greatly favors the landlords. There are no laws for rental discrimination, deposit amounts, or price-fixing, and hence most contracts will have friendly dispute management instead of having legal action. While these laws can be complex, there is an important one for the foreign renters to remember, make sure the new apartment you get is registered as the rental property.
The details that go for rental agreement may vary from one landlord to another and from city to city. You can also plan and check the sample rental agreements for apartments in Beijing. When you are in the process of renting for china, there are two fees that you must pay upfront. The first is the blocking fee that you will be asked to show that you are interested in the apartment renting. And the second one is the fee to put down the deposit on an apartment.
This fee is mostly one or two months of rent and is also refunded at the end of the tenancy if you plan to leave the apartment in the similar condition that you rented it in.