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House hunting in Vietnam PDF Print E-mail
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House hunting in Vietnam
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THE TENANCY AGREEMENT
You will need to prepare the rest of the security deposit and advance rental upon signing of the Tenancy Agreement. 
These are the important terms you should take note of when signing the Tenancy Agreement:

1. Diplomatic or Escape Clause and Reimbursement Clause
Check for this clause. This clause is to safe guard you if in the event you are no longer employed, transferred to other countries, you can terminate the lease after 12 months by giving 2 months notice. Thereafter, the security deposit will be refunded to you.
There is usually the reimbursement clause together with the diplomatic clause. This clause states that if you exercise the diplomatic clause, you will have to reimburse part of the commission the landlord had paid to his agent.
The reason behind this clause is that the landlord pays the full one month's agent commission for a 2 years lease but if you terminate the lease by exercising the diplomatic clause, hence unable to complete the full 2 years, you will have to refund the pro-rata commission. Since landlord grants the diplomatic clause, they will usually demand reimbursement clause to be included in the tenancy agreement.
 
2. Utilities, Telephone, Cable Television...
The installation charges and the monthly bills for the following services are the tenant's responsibility:
•    The water and electricity supply.
•    Gas
•    Residential telephone line.
•    Saigon Cable Television (SCTV) - cable television
•    Broadband internet.
Although at times the tenant can request for some of the fixed bills to be included in the rental amount as a package.

3. Repairs and Maintenance
The tenant is responsible for maintaining the leased premise, carry out minor repairs at own costs. In a standard agreement, the tenant will only be responsible if the amount of the repair does not exceed US$50.
Only major repairs and maintenance would be the landlord's responsibility provided that the damage or malfunction of appliances is not caused by the tenant's negligence.
The tenant will have to take up service contract for items such as air-conditioning, gardening, pest control or pool servicing.

4. Rental Amount
Check the rental amount. Sometimes the landlord will divide the rental amount into a. rental of premises, b. rental of furniture and fittings, c. maintenance fees. Just make sure it adds up to the correct amount that you have agreed.

5. Your Furniture/Renovation Requirements
Ensure that all your requirements and requests are stated in the Letter of Intent clearly. Like requesting a new sofa, new bed or new washing machine etc. After the landlord had signed the Letter of Intent, he is bound by the Letter to provide your requests.

Fully Furnished (F/Furn)
Fully furnished means the apartment or house you are renting comes with all the furniture, white goods (refrigerator, washer and dryer) and all the essential electric appliances.

Partially Furnished (P/Furn) 
Partially furnished apartments or house usually only comes with white goods, curtains, lightings or some other loose items.

Although a house may be partially furnished at the time of viewing, you can always request the landlord to fully furnish it or request him to get the items you require. All these issues are always negotiated and will determine the final rental amount.

6. Term of Lease
The standard lease period is 1 year or more, with or without an option to renew the lease.
 
TAKING OVER THE PROPERTY
The landlord will prepare an Inventory List on or before the day of handing over. Check the items listed in the inventory. Check all electrical appliances, air-con, lightings, water heater etc.
If there is anything unsatisfactory, do not panic, note it down on the inventory. Even brand new houses have defects, therefore be understanding and allow the landlord to rectify it within a reasonable period.



 
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