1. Set your priorities for the apartment

First and foremost, decide what is most important to you. Is it furniture, the amenities, or all of them? Do you have a specific area you want to live in, or how much you’re willing to pay for your rental property? Once you answer all of those questions, you should know what your desired apartment is like.
Having a clear idea of what you want in your apartment helps narrow down your choices when you start looking. The things that you consider essential and indispensable will help determine which apartment is best for you.

2. Do your research online

The Internet is the best way for you to access helpful information about apartment rentals in Da Nang. Type in the keyword ” apartment for rent in Da Nang”, and there will be hundreds of websites where you can find your apartments. If you don’t have the time to do the research yourself, you can always find an agent to help you out.
Or you can post messages on social networking groups like Facebook, forums to get people’s help. When posting, don’t forget to state the area you want to live in, how much you can afford to pay for the monthly rent, etc. The more specific you are, the more precise information you are going to get.

3. Try bargaining

The price you saw on a website or the price a landlord first gave you is often highballing and negotiable. Usually, the lessor of the apartment will offer a slightly better price if you cleverly mention this issue and win their liking. If you’re lucky, you might be able to convince them to drop the price quite heavily, especially if you’re planning on renting for a long period. Bargaining is not easy but can save you a significant amount of money on accommodation.

4. Location is very important

When choosing apartments for rent in Da Nang, you need to pay attention to the area of these rental apartments to see if it is suitable for your work or daily life. Priority should be given to choosing apartments near the city center or the “foreigner town” ( An Thuong Block). Living in these areas can save you lots of time and travel costs as all the necessary services like supermarkets and shopping malls are nearby.

Also, the community in these locations is excellent. The locals speak English quite fluently, and you can meet up with many other foreigners.
Don’t choose a place just because of low rental prices and disregard the location. You will find a lot of inconvenience in the long run and might ended up paying for many other costs incurred.

5. Review your rental contract thoroughly

Before you sign the apartment lease contract, take the time to read the terms of the agreement carefully to avoid conflicts and troubles that may arise later. In it, you need to pay special attention to the following information:

How much is the deposit, in which case will you not be refunded by the landlord? List the household appliances available in the house. What is the condition of those items? For items that have been damaged before, you should ask the landlord to replace them before moving. How many days you have to notice in advance when terminating the rental contract? In what cases you have to pay compensation, and how much is the compensation? What are the other service costs when staying in a specific apartment? (Cleaning fees, security, and additional fees, electricity, water, etc.)

6. Be quick and responsive

A good apartment can be gone in a blink of an eye. Therefore, try to decide as soon as you find an apartment for rent in Da Nang that you feel satisfied with. Ask the landlord for a real-life tour right away. And you will have the priority to rent that apartment. Also, keep an eye on your landlord’s messages and reply quickly. If the landlords feel like they can’t reach you, they might give the apartment to other people.

These are 6 Da Nang apartment renting tips we want to share with our dear audiences. I hope you find this article helpful. Should you ever need help find a rental apartment in Da Nang, contact us at Happy Property. It’s our pleasure to help you find your perfect place to live in Da Nang.

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1. Important terms of a rental contract:

A rental contract is a legal document that states a mutual agreement on the rental aspect.  If a contract is an assent and signed by the two parties it’s enforceable by the law. If this is your first time signing a contract these are some of the most important terms you need to keep in mind.

• The Lessor: most of the time is the landlord
• The Lessee: the one who rents the property
• Article: the most important part of the contract, defines the obligation of the two parties ( read these article carefully and make sure you understand everything properly)
• Deposit: the amount of money the lessee has to pay the lessor as insurance for the rental contract. This amount is usually equal to a 1-month rental and will be fully refunded to the lessee when the contract is over, given that the lessee didn’t violate anything in the contract.
• Receipt of payment: a document used as proof that the lessor has paid the rent.
• Furniture listing: a document that lists all the furniture of a property when the lessee first moved in.

2. Rental contract in Vietnam and related document:

2.1 Property Rental Contract:

Here is a standard rental contract in Vietnam you can use for reference. If you are just looking for accommodation this contract is perfectly fine, but if you have other purposes you might want to change/add some of the articles to suit your needs. You can change the property type from apartment to house, villa, or office accordingly.

2.2 Furniture listing

This listing should be provided to you on the day you sign the contract and move in. I highly recommend you check everything thoroughly and note down abnormal things in the status collum.

2.3 Receipt of payment

Make sure you have your landlord sign this document every time you pay your rent. This paper proves that you have already pay your rent, especially when you pay your rent in cash.

You can download all documents here:

https://drive.google.com/drive/folders/1PTABk9C683OTfSdmLFT4RF7unuJcQFfO?usp=sharing

3. Things worth noticing:

3.1 Making structural changes:

99% of landlords don’t allow you to make any structural changes to their property. So make sure to ask them before you do anything even if it’s just some minor changes or else you might have to pay the money to turn it back to its original form.

3.2 Furniture listing:

As mentioned above, there should be a list of all furniture and its condition included in the property. This listing is insurance to both the landlord and the tenants. For the landlords, the listing assures that they will get compensation for furniture that is lost or damaged. As for the tenants, they will only have to pay for the things they broke.

3.3 Guest/Sleepover:

It’s okay to have your friends come and stay for 1 or 2 nights. However, in case they want to stay for a longer period of time, you have to inform the landlords so that they can notify the authority. Not reporting these changes, can cause you and the landlords some hefty fine.

3.4 Late payment fine:

A late payment fine is a common thing in Vietnam when you’re not able to pay your rent on time. The fee varies from different landlords, so keep that in mind and make sure you pay your rent on time. Some landlords will not charge you if you inform them about the late payment.

3.5 Subletting:

Subletting is not allowed in most cases unless you specify it to the landlords from the very beginning. So if you want to earn some extra money by renting your rented property, state your purpose clearly to the landlords and have it included in the contract.

To sum up, making a rental contract in Vietnam is not so complicated. Just put some time into it, do your research, and review everything carefully before giving away your signature then you will be fine. I hope this article helped you have a better understanding of Vietnamese rental contract. If you’re are looking for a place to live in Da Nang – Vietnam, browse our website Happyproperty.com.vn for the best apartments, houses, and villas for rent in town.

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The Epic Town project is positioned as a strategic urban area when it owns an expensive location right at the corner of the “central crossroads” of the new administrative center of Dien Thang. Outstanding traffic advantage when the frontage is National Highway 1A and the 27m wide DH7 route connecting from Trang Nhat Industrial Park through National Highway 1A to Vien Dong Beach.

The project is adjacent to Da Nang with a distance of less than 2km, 15 minutes from Da Nang airport, 12 minutes from Hoi An Ancient Town and 10 minutes from the 5-star Vo Nguyen Giap seaway.

Not only possessing a prime location, the Epic Town project is also distinguished by the external facilities within a radius of 500m such as the educational system of schools at all levels, medical stations, hospitals, traditional markets such as Cho Thanh Street. Tangerine.

Many utilities are integrated in the project such as public land area, green tree trails, protected green corridors, commercial centers, services and kindergartens… fully meeting the functions of an urban area. new market. Especially, there are 2 large parks right at the project, combining with ecological regulation running from East to West, creating a green and airy living space.

Currently, Epic Town is expected to become a bright and modern settlement, a place to connect trade between Da Nang and Quang Nam.

General information about the project Epic Town – KDC No. 1 Dien Thang urban area:

– Location: Front of National Highway 1A, Dien Thang Bac, Dien Ban town, Quang Nam.

– Scale: 9.87 hectares, with a construction density of only 48%

– Selling price: Only from 13 million VND/m2;

– Supporting bank: SeABank Da Nang supports loans with preferential interest rates.

–   Expected opening: End of July 2020.

– Official distribution: By selected reputable real estate companies in Da Nang city such as: Babylon Real Estate Company, SCD Real Estate, Khai Tin Da Nang, Hoang Gia Phat, Y An Khang, ACTech.

– Hotline: 0777.424.525

Source: Construction Newspaper

https://baoxaydung.com.vn/bat-dong-san-nam-da-nang-ra-mat-du-an-epic-town-thu-hut-gioi-dau-tu-284154.html

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The reality shows that the “holes” in the legal corridor in licensing tourist apartment projects (condotel) make the management, operation and business of condotels never easy for investors.

In addition, the “cold water” called Covid-19 has caused many Condotel projects that have encountered structural barriers to be affected by a serious decrease in tourist arrivals in the first quarter of 2020 and the second quarter of 2020. In the first month of the second quarter of 2020, investment demand and taste also had a certain shift.

Because of the inadequacies in state management of tourist apartment projects (condotels), including project planning, land use permits, construction permits, business management, operation, and residential management The Ministry of Public Security sent a proposal to the Prime Minister to direct the People’s Committees of provinces and cities to strengthen inspection and handle these violations as soon as possible.

Immediately after the information was released, suddenly a “new wave” in the real estate market caused new signals, especially in the South Da Nang area.

A large number of “intrinsic” customers have gradually shifted their investment from buying tourist apartments to investing in land business, especially in the South Da Nang area, the intersection between Da Nang City and Quang Nam province. great potential for urban planning and economic development in the future.

For example, aiming at the value of sustainable settlement and investment, as soon as it was announced that the Epic Town project was introduced in Dien Thang Bac commune (Dien Ban town, Quang Nam province), it attracted thousands of attention and Share and learn about the project.

Seeing and hearing, reporters had the opportunity to witness with their own eyes each group of customers to visit and learn about the infrastructure of the Epic Town project.

According to Mr. Nguyen Van M. (Hanoi investor) affirmed: “It took a long time for me to see a beautiful and modern residential project right in front of National Highway 1A – the boundary of Da Nang. and Quang Nam, just 5 minutes away from the administrative center of Dien Ban town, especially on DH7 street – currently Tran Phu street is expanding directly from Dien Thang to Viem Dong beach (Dien Ngoc street). )…”.

With an affordable price (from VND 13-17 million/m2) and a clear legal status of 98%, Mr. M. emphasized: “In general, I see the investment in land, white paper and black ink with clear legality. It is always the wisest choice and minimizes risks for investors with real settlement value.”

According to Ms. B. (local resident) said: “As soon as the Epic Town project in Dien Thang urban area was introduced, grasping the strategic economic and trade advantages of the project and clear legality, I Immediately go down to the project to verify the infrastructure, it is really worth looking forward to.”
Ms. B. said that, as a local and witnessing the “change of flesh” of her homeland, the Epic Town project – Dien Thang Urban Area was favored by nature with fresh and green surroundings. cool; ensure a safe environment for residential, sports and commercial activities of residents.

In terms of regional connectivity, the location of Dien Thang Urban Project has convenient and smooth traffic points, connecting to historical sites, famous tourist attractions such as Hoi An ancient town, Cu island Lao Cham, My Son Sanctuary, Viem Dong, An Bang and Ha My beaches.
Recognizing the general psychology of investors and the need to settle in new urban areas today in the locality, legality is always the first factor, then the location and price of each area. area depending on customer needs.

Regarding the legal factor, according to Mr. Lam Quang Binh, Director of IBSC Business and Investment Services Co., Ltd. (Da Nang) biết said: “Legal is always an important prerequisite to create the value of real estate. After a series of incidents, this is one of the leading factors determining the “retention” of investors when participating in a real estate transaction on the market.

After the “gross” of the real estate market of tourist apartments (condotels), and especially Quang Nam province has removed the legal “knots” for the real estate market, the shift of investment taste to land real estate and the return of a series of real estate projects in South Da Nang in general and Dien Thang urban area is the most obvious result for the innovation of the Central real estate market in particular and the South Da Nang real estate in particular.
Therefore, the project will be the optimal choice for investors who are looking for a sustainable residence, green living environment and a very convenient business location.
South Da Nang real estate market possesses strong internal resources and a series of projects deployed on the “golden land”, so it is not surprising that this area will be a great destination for investors in the second half of the year. 2020.Source: Business forum newspaper

https://diendanbatdongsan.vn/en/tin-tuc/da-nang-vi-the-dat-nen-co-len-ngoi

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CBRE has just released an overview report predicting the recovery speed of the real estate market.

According to CBRE’s report, most of the real estate market segments will start to recover from the end of 2020 to the end of 2021. But with the impact of the epidemic, the commercial real estate market will recover more slowly.

Although social distancing and travel restrictions have been eased in most parts of Asia Pacific, the extent of economic activity and the real estate market has recovered. production is generally not uniform across countries.

According to CBRE’s National Recovery Index, based on economic activity, transportation, shopping, entertainment, tourism, and work; New Zealand, China, Taiwan and Vietnam are leading the way.

CBRE expects the industrial and logistics markets to recover quickly from the economic downturn caused by the epidemic. The stimulus factor will come from the development of the e-commerce segment. Other real estate market segments will need more time to adapt to the new development trend.

In particular, the premises and office buildings will be restructured to increase flexibility in meeting diverse rental needs from tenants. Hotels are waiting for the return of group tourists, the retail segment will have to adapt to the strong development of e-commerce…

According to CBRE, technology companies will continue to lead the office market demand. The increasing number of hiring requests from the pharmaceutical industry, along with the recovery of the Chinese market contribute to a positive outlook in the near term.

For the industrial and logistics sectors, rental demand remains vibrant as e-commerce companies develop at a rapid pace. The retail and hotel segments will continue to face many difficulties, although there is still a lot of potential for recovery.

Regarding the investment market, institutional investors in the region are looking for opportunities in the logistics sector through joint ventures or capital investments. Some foreign institutional investors are strategically investing in office properties in prime locations of the gateway cities of Japan, China and Singapore.

Dang Phuong Hang, General Director of CBRE Vietnam, said that the pandemic has left a heavy impact on the world economy. However, the Asia-Pacific region is believed to begin to recover from the end of 2020 until the end of 2021.

During this economic crisis, interest rates will be kept at the lowest level to help stimulate demand for the Asia-Pacific commercial real estate market in the context of the difference between investment rates in real estate and real estate. assets and government bonds are increasing.

“Investors are still very interested in commercial real estate despite the movement restrictions and they are also accessing other investment opportunities such as debt, stable turnover and development land. industry & logistics…”, Ms. Hang said.

Source: Dantri.com.vn

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