From today, Wuhan's rent and deposit will be included in the supervision of housing leasing

From August 15th, Wuhan will supervise housing rental funds, further strengthen the supervision of the housing rental market, standardize the operating behavior of housing leasing enterprises, and protect the legitimate rights and interests of housing leasing parties.

In the first half of this year, the Wuhan Housing Security and Housing Administration drafted the "Implementation Rules for the Supervision of Housing Rental Fund in Wuhan City (Trial)" (hereinafter referred to as the "Implementation Rules"). The main contents of the "Implementation Rules" include regulatory objects and scope, rent and deposit regulatory methods, as well as clear banking and corporate responsibilities.

Among them, in terms of regulatory objects and scope, the "Implementation Rules" clearly explicitly shall be included in the supervision in accordance with the regulations of the housing leasing enterprise through entrusted management and rental of housing leasing operations in the administrative area of ​​Wuhan in the administrative area of ​​Wuhan. Housing leasing companies are required to open the city's only account for a special account for housing rental funds (hereinafter referred to as "supervision accounts") in the city of Han Bank and sign the "Supervision Agreement" with the undertaking bank. Housing leasing enterprises without housing rental funds supervision accounts shall not publish housing information to the outside world.

In terms of the supervision of rent and deposit, the "Implementation Rules" stipulates that housing rental enterprises will receive the lessee for more than 3 months (excluding 3 months) and the lessee deposit for more than one month (excluding less than 3 months) to the lessee. 1 month) All funds that correspond to the contract are deposited into the supervision account. The rent deposit in the regulatory account was transferred to the general settlement account of the housing rental enterprise at the beginning of the month after the "Supervision Agreement" came into effect.

In terms of clarification of banks and corporate responsibilities, the "Implementation Rules" require housing leasing enterprises to inform the lessee's relevant provisions of the implementation rules of this. The host bank shall conduct services in accordance with the regulatory agreement, provide convenience for the signing of the agreement, and timely supervise the release of funds to notify the parties through the leasing platform. The district housing management department supervises the funds of the supervision account of housing leasing enterprises.

The "Implementation Rules" will be implemented from August 15, 2022, with a validity period of 2 years. Relevant management departments of the state, provincial, and municipalities have issued new regulations and implemented in accordance with new regulations.

Supervision: Guo Xiaorong

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