The rent-reduction initiative is not mandatory, and implementation is difficult.
Editor’s note: This article comes from Daily Economic News author: Huang Wan silver, authorized reprint
“Well, everyone is in a difficult time now, so we can only understand each other.”
On January 31, Guangzhou Real Estate Leasing Association and Guangdong Apartment Management Association successively issued rent reduction proposals to owners (landlords). Both proposals were issued on behalf of “leasing industry operators”, suggesting that February 1 to 29, 2020 (February infection of pneumococcal infection with the newest coronavirus has the most direct and direct impact in February), rent-free for one month, March 1 From April to April 30, the rent is halved for two months.
On January 29, two days ago, Shenzhen Baoan Hangcheng Sub-district Office had proposed that private residential landlords, as appropriate, reduce the rent of migrant workers who have difficulty living for more than 10 days.
A stone has stirred up thousands of waves, and the discussion of rent-free and rent-reduction soon spread to individual owners. Many owners with mortgages said, “Do I cut my rent and reduce my bank loans?” “Daily Economic News” reporters learned from various interviews that after the tenants submitted a rent-free request, some individual landlords quickly agreed, but some landlords said that they were also difficult. If the tenants really have difficulties, rent reduction and rent-free Matters should be negotiated and should not be “initiated”.
There is a rent-free of 7,600 yuan for some landlords.
On January 29, Li Yang, who lives in Shenzhen, received a message from a tenant. The tenant stated that he would not be able to avoid the rent in February because he did not return to Shenzhen so soon to start work.
The house rented by Li Yang is located in Futian District, Shenzhen. It is a two-bedroom and one-living unit. It is rented by a tenant and a friend for a total of 7,600 yuan per month.
“I thought about it, and responded to him in a few minutes and said yes. I can do it for me. I understand that it is not easy for him to work as a wage earner, and he only works late.” Li Yang works in electronics in Shenzhen. In the business business, because he is the boss, he was also busy adjusting and delivering goods during the Spring Festival.
However, Li Yang also believes that rent reduction or exemption still needs to be “different from person to person.” It is also normal and desirable for some landlords whose economic conditions are not so good to be rent-free. “I can only help the tenants for one month. I can’t help the next month. Do I have to live, too? Do I have to do business?”
The landlord of Shenzhen renter Xu Jian rents out the house he has borrowed, and rents the house next to the school for his children to go to school. Xu Jian, who will resume work on February 3, said that if he can still hope to reduce rent for half a month,Because the state says it is reasonable to postpone mortgage payments. “But I don’t expect our landlord to reduce, after all, he has to pay rent.”
Screenshot of Guangzhou Real Estate Leasing Association’s rent reduction proposal instrument
A senior real estate industry insider in Guangzhou, who declined to be named, said the rent-reduction initiative was generous to others, and the landlord only said that. The landlord is willing to reduce rents and is a compassionate tenant. The landlord is unwilling and not morally abducted.
Xiao Wenxiao, Chief Analyst of Kerer Guangzhou, said in an interview with the reporter of “Daily Economic News” that the rent reduction and exemption of housing enterprises belongs to the owner’s self-issued behavior. The association proposes that owners (landlords) reduce or exempt rents, which is a non-mandatory proposal of industry organizations. The two are essentially different in nature. As a bridge between the government and enterprises, the industry association represents a common interest of all enterprises in the industry. From this point of view, it is more suitable for issuing invitations and proposals to the companies affiliated to the association. Individual small owners (landlords) are not in this scope, and they have no corresponding rights and obligations.
Landlord in Wuhan is asking for rent reduction “Everyone is hard”
Zhang Jing is a native of Wuhan, Hubei. During the Spring Festival affected by the epidemic, she has been staying in Guangzhou for the Chinese New Year, and her relatives are in Wuhan.
After the Rent Reduction Initiative was launched, Zhang Jing’s tenants found that she wanted rent reduction. But Zhang Jing said that the rents of the tenants are paid by the unit, and he has to pay the mortgage each month.
Zhang Jing also rented a house again after buying a house in Guangzhou with a loan. Each month’s expenses include rent and rent. “Will our mortgage be waived for a month if rent is reduced?”
Screenshot of Guangdong Province Apartment Management Association’s rent reduction proposal
In the early years, Liu Qiang purchased a property in Tianhe District, Guangzhou, but has been doing business in Dongguan. Last year, because his daughter was getting married, he borrowed money to buy another property for her daughter in Dongguan.
After the Rent Reduction Initiative was released, he was also a little worried about what to do if a tenant asked him to reduce his rent.”The renter is worried about rent. Many landlords live on rent. Big cities are like a biological chain, and no one can leave.”
“Well, everyone is very difficult. If the tenants really have difficulties, I will also be able to cope, but if there is no practical problem at present, I can not say that rent-free directly. Mainly in the past few years, business is not easy to do Everyone depends on me to support me. “Liu Qiang has been doing business in Dongguan for many years. Due to changes in the industry situation, economic development and other factors, he has done many industries such as shoes and furniture, and now he is operating the LED tube business.
Liu Qiang’s hometown is in Hunan. Due to the impact of the epidemic, this year ’s Spring Festival only returned to Dongguan after spending two days in his hometown. “It’s all on holiday now, and it’s hard to say how much the epidemic will affect the business afterwards. It ’s possible that factories and restaurants will be under pressure because of the high percentage of rents. I run a small business and only a dozen people can do it I do n’t have any PPT. My daughter helped me. ”
Xiao Wenxiao told the reporter of “Daily Economic News” that under the epidemic situation, due to the decrease in personnel mobility, the demand for renting houses will also decrease, which will indeed increase many difficulties for the operation of rental companies. At present, most of the leasing companies in China are still in the mode of asset-light, and the houses they operate come from the market. As “second landlords”, they have the dual roles of landlord and tenant. The difficulties and challenges are similar, and the demand for rent reduction or exemption is justified. At present, it is still more important to actively communicate with the first-hand owners (landlords), and try to share the difficulties as much as possible with the understanding of the owners. (Li Yang, Xu Jian, Zhang Jing, Liu Qiang are all pseudonyms in the text)