China Houses Apartments and the laws
The rental housing sector is strongly regulated, but the system favors property owners. The landlord is covered by the guarantee money and the discrimination of tenants is not restricted. real estate Rents: Can tenants and landlords freely agree to rents in China? China has ancient rent control law, the Cultural Revolution remains (1966-1976). These controls are not strictly enforced and legislation and regulations are passed at local level to remove them. In major centers such as Beijing, Shanghai, Guangzhou and Shenzhen, there is no rental control. Rent adjustments shall be subject to the contract provisions. Most rents are quoted in USD monthly. Due to the switch to a floating currency system, however, the quoted rents in RMB are increasing. Deposits Guaranty money is usually about two to three months' rent. Securities deposit. A down payment or advance payment is generally required for a rental of one month. In some cases, the deposit is only one month's rental...