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renting in beijing - the rematch: weird payment schedule


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Posted

Ok, so i rented a flat for RMB3100 per month, 6m contract starting beginning of June. I paid 1 months deposit and 3 months rent in advance. Just now, 2 months after moving in, i had to pay another 3 months rent, because the contract specificies the rent is payable 1 month in advance. This wasn't at all clear to me when i signed the contract - although i did ask them to explain it line by line...

But at least i could get the cash. Irritatingly, now the letting agent/landlord has 5 months worth of my money (the deposit, 1m of unused rent from the inital payment and the 3 months i just paid). So if you rent a place in china - clarify exactly when the subsequent rental payments will be or you risk similar problems...

Posted

That's odd - I've always paid quarterly when due, rather than one month before due.

Posted

My rent is due 15 days before the actual date, according to the contract, and the rental agency has called us several days before that to see if we'll be coming in to pay.

I imagine with a month lead time you'll have to work everything out carefully when you move out to avoid losing a month's rent in the confusion.

Posted

I've had the same specification in my last contract. It does get confusing when trying to see how much money is outstanding, but seems to be a rather standard clause (as it was a fairly big 中介 company)

Posted

it does seem to be a standard clause. i asked about why they do it like that. it seems the deposit is typically worth less than the furniture and fittings, and sometimes people run away just before the second payment, taking the furniture etc with them. that leaves the agent having to shell out for new furniture and losing rent because the flat's empty for a while...

maybe they trust roddy ;-)

Posted

I've never rented via an agency, always signed contracts directly with the landlord.

I can see why it might make sense for an agent - effectively it means they've got a two month deposit, but the tenant doesn't need to come up with the extra month until two months in. Or something like that, it's confusing :mrgreen:

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