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.

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