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 Look before you Rent

Seek for the best term for your tenancy

  • Understand your rights. Your are the customer and have no obligation to do anything before the deal is sealed.
  • Ask clearly what is included in the tenancy. For example, furniture and appliance, gas and electricity, and management fees and rates. Know what you what and negotiate with the landlords accordingly.
  • If you can't get what you want, just walk away and find another flat. Even you have spend some time and energy in the negotiation, rushing into an agreement which doesn't give you the preferable term in neither a compensation.

Signing an agreement

  • In general practice, a two years rental agreement would be signed. Termination of contract is not allowed in the first year, while a two to three months' notice is needed afterwards. However, tenants can request a maximum six months of notice.
  • If the property is under mortgage, make sure that the landlord has acquired a Bank Consent. Otherwise, if the bank has to recover the property due to non-performing mortgage, tenant's belongings in the premise can be seized. The consent also ensures that if the foreclosed property is resold, the tenancy would remain effective.

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