For expatriates who are new in the process of renting a flat in Hong Kong may be at times confusing experience, below are some information that can help first time landlord in Hong Kong.
Gross Square Feet . In Hong Kong, real estate practice is a bit confusing when it comes to determining the size of the dwelling. Since Hong Kong is such a poor country town, traditional, real estate developers are up to the size of the total gross square feet so that it can give the illusion of a larger size of the apartment. gross square meters of apartments is actually the total covered area and may include allocated portions of common areas such as lift and the main lobby, club house and office management, etc., so that the apartments in different buildings with different common areas, they areare not really comparable with the gross area advertised.
This is more relevant to compare the properties of Saleable area, which includes a balcony, but does not include all the common areas, but the catch is Saleable area was not advertised openly Real Estate Agents. In Hong Kong, the ratio of Gross Saleable area of the surface may be about 70% to about 83% (efficiency), so you save time while looking around for the rent, not to target the gross floor area, but depending on the required range of sizes of apartments.
senior apartment, greater space efficiency . It is interesting that the larger apartment in a building, it is better in terms of space efficiency. This is because the gross floor area of the apartment is a covered area, which unfortunately includes all the areas taken up by the structural walls. large apartment is located in the building, the structural load-bearing walls become thinner because there is less support for the building, and thus allows more actual living space.
Curtains and accessories. When you view an apartment for rent in Hong Kong, a common mistake is to not understand that the dwelling has no curtain and discovering too late as the apartments are rented in "as is" basis. In Hong Kong new dwellings does not include curtains and accessories for sale and for renovated apartments curtains are left to last because they can be very expensive and just gather dust in an empty apartment. So, if the dwelling is not curtains and accessories make sure to get an agent to include the installation of the agreement, or, as the landlord, You May end up paying for them from their own pockets.
What you need to rent an apartment in Hong Kong . The following is the standard costs and documentation needed in order to rent an apartment. Related costs include 2 months deposit, 1 months rent in advance, rent-half months for real estate agents of the Commission, and taxes. For documentation, in general, HKID card or passport is all you need, but sometimes the owner may require proof of employment, such employment contract.
Utilities . Utilities such as water, energy and electricity in Hong Kong is relatively easy to set-up, transfer or terminate. However, for cable television and the Internet, such as NowTv and Broadband, the contract will require a minimum sentence of 18 months normally, the penalty for the premature end of the contract the full payment of the remaining terms left in the contract. For example, if you terminate the contract, while the 1 years left in the contract, you are required to pay the company the remaining lump sum of 1 years worth of line rental. So make sure you're here for the long term before committing to a similar contract.