Basic Ningbo Real estate leasing marker information:
The real estate for rent in Ningbo is mainly devised into 4 kinds, service apartment, apartment, town house/Villa and office.
In Ningbo only Portman Hotel and Westin Hotel provide service apartments.
The lease period is normally at least 6 months or longer, except the service department which can be signed for shorter period.
Most Ningbo expatriates live in Jiangdong district, Jiangbei district, Yinzhou district and Beilun district.
The monthly rental will be from RMB 1,500/month to RMB 30,000/month, based on different property styles.
The agent fee is paid by the tenant, the landlord doesn¡¯t pay for that.
Except service apartment can be leased for less than 6 months, usually to rent an apartment, townhouse/Villa, office, you will need to be renting for a period of at least 6 months, preferably one year. Most landlords require signing a one year leasing contract. It is possible to have short leasing contracts but this depends on the landlord. For short lease the rental fee usually is more expensive.
Landlord usually asks for 1 or 2 months deposit in advance when you sign a long term leasing contract. 1 month deposit= 1 month rent. Deposit is often paid upon signing of the lease contract to ensure unit occupation, compensation for damages caused by the tenant, or non-performance of lease terms.
The landlord will offer a receipt when he receives the deposit. Please save and take care of it for future use.
Should the property condition be deemed acceptable upon lease expiration, the security deposit will be refunded in full. Deposit is paid back the last day of your leasing contract after you and the landlord have checked the apartment.
If you break the leasing contract before the expiring date, the landlord will keep your deposit.
Management fees are payable monthly to the management company. It covers the cost of maintenance, security of the building and amenities. Fee depends on the building age and facilities offered to the tenants.
Normally the rental doesn¡¯t include the management fee in Ningbo. The client will need to pay it by themselves, but you still can negotiate with the landlord.
The tenant usually pays gas, water, electricity, phone and internet charges by themselves. It usually costs around 80-200 USD all together per month. This is an average on 1 year, except higher electricity bills during winter and summer. There are many banks you can choose to pay for the charges, when you pay please bring your bills.
¡ñ Gas -billed every 2 months
¡ñ Water-billed every 2 months
The tap water is not drinkable and must be boiled before drinking.
¡ñ Electricity-billed every 2 months
China uses a standard of 220 volts and 50 cycles. You will be able to buy most kind of adaptors in Ningbo.
¡ñ Phone -billed monthly
¡ñ Internet- billed once a year
¡ñ CATV-billed once a year
Almost all the buildings are cable ready, and give you access to Chinese channels (about 60 channels), and only one in English. (CCTV-9)
¡ñ SATV is not widely installed in the apartments except few expatriate communities authorized by the government. Please contact with us if you need the installation service.