When renting a property, it's essential to understand the various payments involved to secure and maintain your accommodation. Here's a breakdown of the key components when renting in Shanghai.

⚠️ Important to note: due to China limitation in terms of international bank transfer, we recommend coming in China with cash to avoid payment issues when paying the deposit and first installment.

1. 💰 Deposit Payment

The deposit is a security amount typically equivalent to one or two months' rent, paid upfront. This payment acts as a safeguard for the landlord against potential damages or unpaid rent. It is refundable at the end of the tenancy, provided the property is returned in good condition and all contractual obligations are met.

2. 🏡 First Month's Rent

Along with the deposit, tenants are usually required to pay the first month's rent (usually from 1 to 2 hours) before moving in. This payment confirms your commitment to the lease and allows you to occupy the property from the agreed-upon date.

3. 📅 Monthly Rental Payments

Rent is typically paid on a monthly basis. It's crucial to make these payments on time to avoid late fees and potential eviction. Setting up a standing order or direct debit can help ensure timely payments.

4. ⚡️ Utilities and Additional Charges

Depending on the rental agreement, you may be responsible for additional payments such as utilities (electricity, water, gas), internet, and maintenance fees. Clarify with your landlord or property manager what is included in your rent and budget accordingly.

5. 🔄 Renewal and Rent Increases

At the end of your lease term, you may have the option to renew your contract. Be aware that rent may increase based on market conditions or at the landlord's discretion. Ensure you discuss and agree upon any changes before renewing.

6. 💳 Payment Methods

Most landlords accept various payment methods, including bank transfers, WeChat/Alipay and by cash. Choose a method that is convenient and secure for both parties.

7. 📑 Record Keeping

Always keep records of all payments made, including receipts and bank statements. This documentation is vital in case of any disputes or discrepancies regarding your payments.

By understanding and managing these payments effectively, you can ensure a smooth and hassle-free rental experience.

Paying your Accommodation in Shanghai