ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

My Experience of Renting a House in China: Paying the Rent

Updated on February 9, 2017

Renting in China

Yesterday was that day again.

Usually, this day comes every three, six or worse for some, twelve, months. Most landlords require their tenants, Chinese or foreign, to pay their rent in larger intervals rather than the

Most landlords require their tenants, Chinese or foreign, to pay their rent in larger intervals rather than the the monthly basis as is the norm in Britain.

I am required to pay my rent to my landlady every six months. My partner played a hard bargain to reach this agreement; the landlady arguing in favour of us paying an entire year upfront. Luckily this is no problem for our combined salary but for numerous Chinese, they are required to ask family (usually parents) if they do not possess such capital.

For those considering to move to China for work, this is worthy of consideration. On signing a contract for an apartment, you will be required to pay a deposit and at least three months rent upfront.

For reference, when I committed to my first apartment here I paid a total of 9900 RMB. This composed of the letting agent fee 1100RMB, deposit 2200RMB (one month's rent) and the three months up front 6600RMB. Indeed, my first landlady was quite happy with three-month chunks of rent rather than the six months of the current.

This was fortunate as I had just arrived in China. Maybe newcomers suffer the 'newbie with no physical cash conundrum'. Even if you prepare for coming to China by informing your bank at home, you can still encounter problems. A former colleague of mine arrived armed with his debit card from the States. However, even though he had notified his bank at home, he was still unable to withdraw the required funds to pay his first installment of rent. He had to borrow money from the boss – his new boss – within days of meeting her.

I avoided this problem by travelling to China with a large amount of physical RMB. This was somewhat of a security risk. I recommend to do this but you should keep a low profile.

If, like me, you are required to pay in six month or twelve month chunks, do pay attention to your monthly outgoings. I know a few stories of people failing to have satisfactory monies to pay their rent then asking others for loans/asking their employer for an advance. You don't want to be this person.

Anyway, I digress from the point of my writing today. I write to inform you of how to make a bank transfer in China. The process is simple but for those unaccustomed shall be daunting.

Paying Rent

How do you pay your rent?

See results

Making a Bank Transfer

First, you should find an ATM. In most cases, you'll find it easier to use an ATM belonging to your bank. I usually go to the main branch, in my instance the Bank of China, through fear of my card details being stolen. Chinese will instil this fear into you alongside the fear of having your apartment burgled and eating reused oil, acquired from the gutter no less.

Bank of China

Second, ascertain which of the safety cabins containing an ATM are free. In the likelihood of all the ATMs being used, you might have to wait a while. The natives oft-manage to spend an unreasonable amount of time to do the simplest of tasks, not least when faced with a computer.

Third, check that the ATM you are using has an English option. Here, you can see an English button before you start. On some machines, though, you have to wait until you put your card in the device. If English is not offered, press the cancel button (the red button on the keypad, just like at home) to return your card.

Fourth, you want to transfer, so choose transfer. The transfer screen has many options. Here I choose UnionPay (the Chinese version of Visa) Inter-Bank Transfer. My landlady uses UnionPay so this is suitable. In some cases, you won't be given these options. If not, just choose transfer. The ATM you are using isn't as technologically advanced as the one pictured.

Fifth, the landlord should provide you with a bank number they wish you to transfer money to in the future. Indeed, most live far from the house they own to rent (mine in Beijing, some 1000km away) so won't want to collect cash from you in person. Enter this bank number then press confirm.

Six, this stage will give you an opportunity to test your Chinese reading skills. Along with the bank number (previous step) the landlord should have written the name of the account holder (probably their name). If this was handwritten, therefore difficult to read for the untrained eye, have a friend or colleague type the name into your phone. This will be far easier to read. Armed with the legible name, you'll be able to confirm the correct account.

Finally, print the receipt. Before this, you'll be informed the instruction has been given to the bank to transfer the money and be further told you can cancel within 24 hours.

Bank Fees and Moving

Are there any fees? Yes. Transferring money from one account to another, even with the same bank, has a charge. The minimum fee for my bank is 3 RMB.

I had to pay 18 RMB.

Note that the charge will be in addition to the value you have transferred: rent + charge.

There you have it. A clear guide for making your first bank transfer using an ATM in China.

This year our current landlady has threatened to increase our rent should we sign another years’ contract. In the ever growing prospect of this, we shan’t be staying in this apartment, much to her disdain. Quite, before we moved in here there were some ten people sharing a two-bedroom residence. They managed to destroy some of the internal areas, a cost far exceeding the deposit paid. We’d be happy to stay here but are scornful of paying a higher price than is necessary.

Perhaps in the future, then, one might be able to read of my experience renting and moving to a new abode.

See you.

Comments

    0 of 8192 characters used
    Post Comment

    • Coffeequeeen profile image

      Louise Powles 

      19 months ago from Norfolk, England

      Goodness, paying 6 months or a years rent is a lot of money to find! My rent is paid weekly!

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)