12 Things To Consider When Renting An Apartment in HCMC

0
88
apartment-for-rent-in-hcmc-family

1. Rental apartment fee
As always, you have to be careful of financial matter when renting an apartment 
Make sure the lease establishes clearly what is included in your rent and what is not, such as
building or homeowners’ association fees, water, phone, utilities, and Internet services.

Modoho’s advice: In HCMC, the monthly rent often includes no utilities. If the rent covers any kind of fees, the owner will tell you right away.

2. If Rental apartment fee doesn’t include additional fee 
Find out the previous renter’s average costs. Sometimes these can be a shock.

Modoho’s advice: In Vietnam, although there is one electricity provider, the utility rate no matter where you are, the utility rate are more or less the same, since there’s only one company provide electricity in Vietnam. However, other utilities such as water or the Internet will be charged differently depends on each area and apartment complex.

3. Understand if your apartment unfurnished, partially furnished, or fully furnished
When renting an apartment in HCMC, unfurnished means no refrigerator, no stove, and maybe even no lighting fixtures. 

Modoho’s advice: You should never rent an apartment without paying a visit. However, if your time is very limited, you can ask the owner or the sale person to send you the list of the furniture as well as their status, and pictures.Or just find the trustworthy, reliable real estate agent help you with that.

Check out www.modoho.com.vn if you are an expat who is finding an apartment, serviced apartment for rent in Thao Dien, Dist 2, HCMC

4. Figure out how, where, and who you pay which bills to each month.
Perhaps you deposit the apartment rent directly into the owner’s bank account. Possibly you pay a rental manager. Perhaps you have to hand – deliver the check to your owner. Building and homeowners’ association fees are often paid to a different person or association and by a separate check, not as part of the rent.

Modoho’s advice: In many apartment complexes, the fees are pay right on the 1st floor of your building. However, always ask the sale person and the owner about these details, since it might be extremely hard for you to find them on your own.

5. Check for a sales clause in your lease.
You should have some protection to against the owner selling the apartment and giving you limited inform that you have got to move? The lease should mention a compensation allowance in case the rental apartment is sold while you’re renting.

Modoho’s advice: A renting contract in Vietnam doesn’t always have this clause, and you always need to read it as carefully as possible. However, to protect your interest, remember to add this, since there’s no reason for the owner to say no.

6. Understand who is responsible for setting up the utilities.
Will they remain in the owner’s name or will they be transferred to your name? There are practical advantages and disadvantages either way. For instance, what is your liability if the electric bill is transferred into your name?

Modoho’s advice: In HCMC, the utility bills remain in the landlord’s name

7. What fee are you responsible for as a tenant? 
In some countries, renters may be responsible for structural repairs including a leaky roof or the crack in the façade.

Modoho’s advice: There’s no fixed term for this situation in HCMC, however, you should always includes this in the contract.

8. Document the current condition and any existing damage of used fixtures or appliances. 
Take photo

Modoho’s advice: Take many photos as possible, and store them in a folder of your computer.

9. Determine when your rental period begins.
The time you begin to pay rent doesn’t always coincide with the date you take up occupancy.

Modoho’s advice: Often the beginning days of the month is the desired rental days, however, you can always settle this with the owner.

10. Understand what deposit you will be required to make.
The general rule is that you’ll have to pay your first month’s rent apartment plus a deposit equal to one to two month’s rent.

Modoho’s advice: In HCMC, there’s a high chance that you will have to pay a deposit equal to 2 months of rent, which makes your first bill equal to 3 months of rent. However, as mentioned above, negotiation is the key.

11. Don’t sign anything until your lawyer reads it.
You definitely should use an attorney when signing a rental agreement in another country or area. Except you are very familiar with tenants’ rights and the particulars of rental contracts in the country or the area where you’re renting. A good attorney will also notice you of any negotiable clauses so you have an opportunity to adjust the terms of the agreement to your benefit.

Modoho’s advice: This statement is right, in any country. It’s not like you are expected to sign anything before legal consultation. However, the seller and the owner may speed things up, which make you more confused. The best way is ask them send the contract through the email first and you can have your lawyer read it beforehand.

12. Don’t be surprised if you’re not asked to sign anything at all.
In some cases, the protocol for renting an apartment might be a handshake, rather than a written agreement. This shouldn’t necessarily make you nervous.

Modoho’s advice: In Ho Chi Minh City, when you renting an apartment, serviced apartment, it’s very likely that you will have to sign a contract.(According to U.S. News)