At the same time, you are required to allow the owner to check the place at regular intervals. He/she will also be able to bring visitors who wish to buy or rent the house when the contract expires. In other words, your obligations are the obligations mentioned in compliance with the terms of the lease agreement that was concluded between you and the owner. Most cities now have a large number of grade A buildings, with prices that are most often driven by their location. According to Knight Frank`s latest China Property Market Report, Class A office rents in first-class cities remained stable in the fourth quarter of 2013. In Shanghai, average rents for Grade A buildings increased through the end of 2013 to RMB278.1 per square metre per month. Grade A office rents in Beijing fell slightly in the fourth quarter due to the abundance of supply, but still reached RMB381.5 per square metre per month. Meanwhile, the rent for A grades in Guangzhou was RMB176.1 per square metre per month. Another important thing is to ensure that the person who signs the contract as the owner is in fact the owner of the property or a substitute. Before signing the tenancy agreement, the lessor must provide the tenant with proof of ownership, for example.B.
copies of the facts. If the documents are signed by another person on behalf of the owner, the owner must also present a power of attorney. A property can be rented either furnished or unfurnished, a fact that should be mentioned in the contract. When the property is furnished, we recommend that you sign a brief inventory of the properties rented next to the property, especially if some of them are not in good condition. Otherwise, the lessor could later declare that furniture was rented in perfect condition, even if it was damaged from the beginning, and refuse to return the tenant`s deposit. The deposit is usually one month`s rent. Under current legislation, you are also protected by situations in which a possible right to rent is claimed by a third party. If this affects you, your right to compensation is the owner`s. It is also your right to announce in advance in case of termination of the lease. Depending on the case, you can include or exclude other details in the rental agreement.
This is extremely important because it guarantees the rights of the tenant and imposes related obligations. One of the most common rental problems that clients call us, in addition to helping with the development of the rental agreement itself, is the question of what to do if something is damaged in the apartment. Who is responsible for the repair, the tenant or the landlord? For repairs that occur during the maintenance of the house in good condition during the rent, these are fully taken care of by the owner. On the other hand, all housing repairs resulting from the use of the property are paid for by you. You want to trample your blanket, but you don`t know how to paint? You don`t have to spend a fortune on a professional. We`ll be happy to help you do it yourself. Let`s get to work! If the landlord refuses to provide such evidence, he may not have the right to rent – for example, he is himself a tenant without subletting, and the real landlord could evict the building`s subtenant later. If the office is leased by another person or organization, the applicant is required to present the initial lease of at least one year, as well as a copy of the CPO of the property.
The owner should be an AIC registered company. As a general rule, a copy of the commercial license bearing the official stamp of the owner`s company is also required. The volume of commercial licensing activity is expected to include «commercial rental,» «office rental» or «commercial equipment rental.» Here are some of the most important provisions you should include in the lease.