Finding a rental home may be challenging if this is your first time in Hong Kong. Typical rents, apartment search resources, and things to think about before signing a lease are all covered in this comprehensive guide. This guidance can save you time and money when renting an apartment in Hong Kong rentals (香港 賃貸).
Realty Companies In The Area
Several regional realty companies, like Yuen Long, cater only to a particular area. Additional local realty firms include those with branches, such as Centaline and Midland. In different parts of the world, they have several branches. Whatever one you choose, keep in mind that the agency fee is the same as one month’s rent.
Reputable Global Brokerages
Another option is working with international realty companies to locate your ideal rental home in Hong Kong. These services often target executives looking for luxury options, such as spacious duplexes and triplexes. For those on a tighter budget, Century21 is an affordable apartment complex to consider.
Sites Where Real Estate May Be Advertised Online
Online property listing sites could be helpful for those who prefer not to work with real estate agents while looking for a house.
A Binding Legal Document
Before signing, each party must fully understand that the lease is a binding contract that impacts their rights and obligations. Therefore, you shouldn’t sign it unless you want to keep your word.
Agreement For Renting And Security Deposit
The standard duration of a rental agreement in Hong Kong rentals is two years. Tenancy agreements sometimes include “break provisions” that enable one party to terminate the deal after one year with written notice to the other party. Serviced flats are your sole option for shorter-term rental contracts. Our standard stay duration is one month, and we can extend or renew the contract if needed.
Before you sign any contracts, remember that the details are essential. Check the contract for language indicating you can’t have pets or subleases. The security deposit is usually half a month’s rent, and the first month’s rent is typically due before you can move in. Find out whether the quoted rent already includes the property taxes from your landlord.
Also, to lessen the likelihood of being evicted unexpectedly, check the Hong Kong land registry to see whether the property you’ve selected to rent has a mortgage. You may end yourself in jail if the mortgagee finds out you’re renting out their property without their permission.
Tailored Convenience
Everything you need for your dream house is here: full furnishings, spotless housekeeping, and unlimited Wi-Fi.
Flexibility Is Key
Our minimum stay is one month, but after that, you’re free to roam to any of our other locations whenever you choose.
The Neighborhood Is Perfect For You
Be a part of our dynamic, welcoming community and meet new people at the many exciting events that have been planned.
Responsibility Allocation
The cost of maintenance and repairs is ultimately on the landlord. For example, the landlord must foot the bill if a handyperson is required to unclog drains or repair leaking air conditioners. All parties involved should be identified in the lease.
Energy Costs
Important ancillary cost points include management fees, government rates, and others; identifying their source is essential. It is common for this individual to be the landlord. This must be clearly stated in the contract.