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Vietnam – Lease Agreements

The typical lease term for renting property in Vietnam is 12 months, but some landlords may offer shorter or longer lease terms depending on the individual agreement. In Vietnam, landlords have the right to raise the rent if the tenant wishes to extend the lease, but the tenant also has the right to negotiate the rent with the landlord.

Furnished vs. Unfurnished Properties in Vietnam

In Vietnam, rental properties can be either furnished or unfurnished. Furnished properties are typically equipped with furniture, household appliances, and other essential items such as a refrigerator, stove, and washing machine. Some furnished properties may also include bed linens, towels, and kitchen utensils.

Unfurnished properties, on the other hand, do not include any furniture or household appliances. Tenants are expected to bring their own furniture and household items. However, some unfurnished properties may have basic fixtures such as light fixtures and built-in cabinets.

Standard Clauses in Lease Agreements in Vietnam

In Vietnam, standard clauses in a lease agreement include the rental amount, deposit amount, payment terms, and duration of the lease. The lease agreement may also include clauses related to renewals, subleasing, and the responsibilities of both the tenant and the landlord.

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Another important clause in a lease agreement in Vietnam is the security deposit. This deposit is typically equal to one or two months’ rent and is used to cover any damages or unpaid rent at the end of the lease.

Additional Clauses in Lease Agreements in Vietnam

In addition to the standard clauses, there may be additional clauses included in a lease agreement in Vietnam that are not mandatory. These clauses may include restrictions on the use of the property, such as no smoking or no pets allowed.

Some landlords may also include clauses related to the maintenance of the property, such as who is responsible for paying for repairs or cleaning services. Additionally, there may be clauses related to renewals, subleasing, and the responsibilities of both the tenant and the landlord.

Expats Signing Lease Contracts in Vietnam

Expats should be especially aware of the language used in a lease agreement in Vietnam, as many agreements are written in Vietnamese. It is important to have a translator review the lease agreement to ensure that the terms are clear and understood by both parties.

Expats should also be aware of the cultural differences in Vietnam when it comes to renting property. For example, landlords may be less flexible in negotiating the terms of a lease agreement, and the deposit and rent may be due in advance.

Condition Reports in Vietnam

Condition reports are not commonly used in Vietnam before signing a lease agreement. However, it is recommended that tenants take photos or videos of the property to document its condition before moving in. This will help to avoid any disputes over damages or cleaning at the end of the lease.

Qualifications and Licenses for Letting Agents in Vietnam

Letting agents in Vietnam are not required to have any specific qualifications or licenses. However, it is recommended that tenants work with a reputable letting agency to ensure that they are protected during the rental process.

Association or Organisation for Letting Agencies in Vietnam

There is no specific association or organisation in Vietnam for reputable letting agencies. However, tenants can research and compare different letting agencies to find one with a good reputation. Some websites for real estate listings in Vietnam include Batdongsan.com.vn, Realtor.vn, and Muaban.net.

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