Lease Agreement:
After the terms have been verbally negotiated, a written contract will be prepared. Once you pay the agreed deposit, the property will be taken off the market. Therefore after the decision is made and the terms have been agreed to, it is important to pay the deposit as soon as possible. Be sure to check the landlord's ownership documentation before you sign the lease contract and/or forfeit any monetary sum. Register the lease agreement at the Qingdao Real Estate Bureau. The lease terms will be written in English and Chinese, and the Chinese version is considered the official version under Chinese law.
Security Deposit:
Security deposits are usually one month's rent but sometimes can be more or less depending on the quality of the furnishings. This deposit also takes into account any damage done to the fixtures as well as any miscellaneous unpaid utility bills and should be paid before you actually move into the property. The deposit will be held by the landlord until you move out or at the time of the lease expiration.
After the terms have been verbally negotiated, a written contract will be prepared. Once you pay the agreed deposit, the property will be taken off the market. Therefore after the decision is made and the terms have been agreed to, it is important to pay the deposit as soon as possible. Be sure to check the landlord's ownership documentation before you sign the lease contract and/or forfeit any monetary sum. Register the lease agreement at the Qingdao Real Estate Bureau. The lease terms will be written in English and Chinese, and the Chinese version is considered the official version under Chinese law.
Security Deposit:
Security deposits are usually one month's rent but sometimes can be more or less depending on the quality of the furnishings. This deposit also takes into account any damage done to the fixtures as well as any miscellaneous unpaid utility bills and should be paid before you actually move into the property. The deposit will be held by the landlord until you move out or at the time of the lease expiration.