City tests public opinion for home-rent rules

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.


Popular posts from this blog

Insider trading ends in jail term

Officials pledge to improve lives