Many places require long-term rental apartment rents to be deposited into a supervisory account
Shenzhen requires no "high in and low out" and "long income and short payment"; Chongqing, Chengdu and other places require rent and rent loans to be included in special supervisory accounts
Beijing News (Reporter Wu Jiaoying) In order to prevent "explosive thunder" in long-term rental apartments, Shenzhen, Chongqing, Chengdu, Hangzhou, Xi'an and other places have issued notices on regulating the operation of housing leasing companies.
Shenzhen requires housing leasing companies not to "high-in and low-out" and "long-term receipts and short-term payments"; Chongqing, Chengdu and other places include the rents received by housing leasing companies and funds obtained through housing lease loans into special supervision accounts.
At the end of last year, the Ministry of Housing and Urban-Rural Development and other six departments jointly issued a document to clearly strengthen the supervision of housing leasing companies that adopt the "high-in-low-out" and "long-income short-payment" business models, and require housing leasing companies not to induce leases in the name of rent concessions. People use "rental loans".
As my country’s first administrative regulation that specifically regulates housing leasing, the "Regulations on Housing Leasing (Draft for Comment)", which was publicly solicited for comments in September this year, also proposed that high-risk business behaviors such as "high-in-low-out", "long-term income and short-term payment" will Housing leasing companies are included in the list of business abnormalities, and the supervision of operating conditions such as rent and deposit use will be strengthened.
Follow-up 1
What problems can be solved by incorporating rent into account supervision?
Targeted measures for "high input, low output, long income and short payment"
Lou Jianbo, director of the Real Estate Law Research Center of Peking University, said that at present, many housing leasing companies are inducing consumers to use "rent loans."
The houses leased by these leasing companies are entrusted by the landlord, which is the so-called trustee leasing company.
"On the one hand, the leasing company may encourage the lessee to use a one-year rental loan when renting a house in the name of rent concessions and instalment repayment. On the other hand, the leasing company obtains a one-year loan through the lessee to pay the landlord The rent is paid on a monthly or quarterly basis. This is the so-called “long-term payment and short-term payment”.”
He pointed out that in this way, leasing companies have controlled more funds and housing for expansion and turnover.
In the long-term stability of the leasing market, the disadvantages are temporarily invisible. Once the market has short-term fluctuations and the leasing company’s capital chain breaks and "runs away", both landlords and tenants will become victims.
At present, this is basically the case for leasing companies that have "exploded thunder" everywhere.
Therefore, whether it is Shenzhen's emphasis on not "high-in-low-out, long-term receipts and short-term payments", or Chongqing, Chengdu and other places require the supervision of rents and funds obtained in the form of "rent loans" with a payment cycle of more than three months. They are all proposed regulatory measures in response to such situations.
Follow-up 2
How to prevent high-risk operations of housing leasing companies?
May require the operating scale of the leasing company to match its own funds
"Custodial leasing business, that is, housing leasing companies are managing property for others, which is equivalent to asset management in financial institutions." Lou Jianbo proposed that to prevent high-risk operations of housing leasing companies, especially custody leasing companies, may require The operating scale of the leasing company should match its own funds.
"Some colleagues in the industry have suggested that if such regulations are implemented, leasing companies will not be able to host enough houses and their development will be limited. However, as long as there is leasing demand, more companies will enter the market and form healthy competition. A leasing company Control more than 50% of the listings in a region, and 10 leasing companies each control 10% of the listings. I think the latter should be more conducive to the formation of a good market order." Lou Jianbo said.
Zhao Xiuchi, vice president and secretary-general of the Beijing Real Estate Law Society and professor at the Capital University of Economics and Business, said that long-term rental enterprises of light-asset housing that are prone to "explosion" need to be supervised by funds, but high inflow and low outflow are themselves a long-term loss. Lasts for a long time.
Therefore, from the source, we should not unilaterally encourage the development of asset-light long-term rental companies unless they have low-cost housing and can stably earn the difference between low-income and high-rent.
Follow-up 3
What measures are conducive to the stable development of the housing rental market?
Increase the supply of leased housing in the market and establish a housing system for both rent and purchase
"In addition, the establishment of a housing system combining rent and purchase and the development of the leasing market should not one-sidedly emphasize the development of leasing agencies. It is necessary to allow more individual landlords and tenants to directly implement hand-in-hand transactions on the leasing platform, which is more conducive to leasing. The market develops steadily." Zhao Xiuchi said.
Lou Jianbo also proposed that the ultimate goal of developing the housing rental market should be to increase the supply of rental housing in the market and allow the housing rental market to develop steadily and orderly.
"If the leasing company only stays in the managed operation and rents out the scattered houses together, there is no difference between the leasing company and the intermediary."