Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, July 21 (Xinhua) — Chinese Premier Li Qiang signed a State Council regulation on issuing regulations for the high-quality development of the rental housing market to build a housing construction system that is favorable for both rental and purchase.
The new regulations, which will come into effect on September 15, emphasize the integration of the leading role of the market and the guiding role of the government in the development of the sector. They also encourage an increase in the supply of rental housing through multiple channels and promote the development of market-oriented professional rental housing enterprises.
The document sets out rules governing the rental business and the conduct of rental businesses and brokerage agencies. Rental brokerage agencies must verify and record information provided by authorized representatives, conduct on-site inspections of properties before listing them, and clearly state the prices for their services, the document states.
The document stresses the need to strengthen supervision and management of the rental housing sector. Local people's governments at or above the city level with district divisions should establish a mechanism to monitor housing rents and regularly publish information on rental prices.
The document provides for strict legal liability for illegal actions of landlords, tenants, rental housing companies, brokerage agencies and employees of relevant government agencies. -0-
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