The typical lease term for renting property in China is one year. However, the terms of a lease agreement can be negotiated and may vary depending on the landlord and the specific property.
Furnished and Unfurnished Rental properties in China
Furnished properties in China typically come equipped with essential household items such as a bed, couch, refrigerator, stove, and washing machine. Some may also include additional items like a television, air conditioning, and furniture.
Unfurnished properties, on the other hand, do not come with any furniture or appliances. Tenants are expected to bring their own furniture and appliances or purchase them after moving in.
Standard Lease Agreement Clauses in China
A standard lease agreement in China typically includes the following clauses:
- Names of the landlord and tenant
- The rental amount and due date
- The length of the lease term
- Details of the rental property, including the address and description of the space
- The terms of payment for rent and security deposit
- The rights and responsibilities of the landlord and tenant
- Details regarding repairs and maintenance
- Rules regarding subleasing and assignment of the lease
Additional Lease Agreement Clauses in China
In addition to the standard clauses, a lease agreement in China may include additional clauses such as:
- Restrictions on smoking and pets
- Provisions for renewing the lease agreement
- Provisions for terminating the lease agreement
- Details regarding the payment of utility bills and property taxes
- Provisions for parking and storage
Before Signing a Lease Contract in China?
Expats should be especially aware of the following when signing a lease contract in China:
- Familiarize themselves with the local rental market and the typical lease terms and conditions.
- Carefully read and understand all the clauses in the lease agreement before signing.
- Make sure to have the lease agreement translated into a language they understand.
- Negotiate the terms of the lease agreement if necessary.
- Get clarification on any unclear or vague clauses.
- Keep a copy of the signed lease agreement for their records.
Condition Reports in China
It is common for landlords in China to conduct a property inspection before the lease begins and after it ends. The inspection report is typically used to document the condition of the property, including any existing damage, and to ensure that the tenant is responsible for any new damage that occurs during the lease term.
Letting Agent Qualifications in China
Letting agents in China must be licensed by the local government to operate legally. They may also be required to have relevant professional qualifications and certifications, such as a real estate license.
Letting Association in China
One of the most well-known organizations for real estate professionals in China is the China Real Estate Chamber of Commerce (CREDA). CREDA’s mission is to promote the development and regulation of the real estate industry in China. Contact details for CREDA can be found on their website at: http://www.creda.org.cn/