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City tests public opinion for home-rent rules
By Cao Qian |
April 11, 2011, Monday
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Online Edition
Online Edition
SHANGHAI is seeking public opinions for a local regulation on house renting, according to a guideline proposed today by the city's housing administrator on its website.
Under the guideline, home owners cannot raise rents if the tenant signed a contract for one year or less. Rents can only be raised on an annual basis if the contract is longer than one year.
Meanwhile, a security deposit of one month's rent is allowed for a contract lasting one year or less, while a deposit of two months' rent is allowed for a contract longer than one year.
Home owners should also inform their tenants one month in advance if they want to terminate the contract before it expires.
Under the guideline, home owners cannot raise rents if the tenant signed a contract for one year or less. Rents can only be raised on an annual basis if the contract is longer than one year.
Meanwhile, a security deposit of one month's rent is allowed for a contract lasting one year or less, while a deposit of two months' rent is allowed for a contract longer than one year.
Home owners should also inform their tenants one month in advance if they want to terminate the contract before it expires.
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