Shenzhen introduced a new policy on the supervision of housing rental funds.

On June 3, Shenzhen Housing and Construction Bureau and other departments issued the Notice on the Supervision of Housing Leasing Funds (hereinafter referred to as the Notice). The Notice stipulates that enterprises engaged in housing leasing business within the jurisdiction of Shenzhen should open a unique special account for housing leasing funds in commercial banks to collect the lessee's deposit and rent. The "Notice" pointed out that housing leasing enterprises that have handled enterprise filing should establish special accounts within two months from the date of implementation of this notice; When a housing leasing enterprise opens a special account, it shall sign an agreement with the bank on the supervision of housing leasing funds, and clarify the scope, conditions and procedures for the supervision of funds in the special account. According to the housing lease transaction information of Shenzhen housing lease supervision service platform, the supervision bank supervises the funds according to the supervision agreement, and pushes the relevant information such as supervision fund income and expenditure according to the regulations. If the housing leasing enterprise fails to handle the enterprise filing according to the regulations, it shall stop the release of its housing in accordance with the law. The information of the special account of the leasing enterprise shall be publicized on the leasing platform, and shall be clearly indicated in the prominent position of the business premises, the housing lease contract and the housing information released through its own or third-party trading platform. According to the circular, if a housing leasing enterprise that conducts business through entrusted operation or subletting collects the lessee's rent for more than three months at a time, or collects the lessee's deposit for more than 1 month at a time, the excess funds will be supervised by a special bank, or the housing leasing enterprise will provide corresponding bank guarantee for guarantee. In accordance with the provisions of this notice, before signing a housing lease contract with the lessee, the lessee shall be informed in writing of the relevant provisions on fund supervision and bank guarantee, as well as the risks of deposit and prepaid rent, and shall be signed by the lessee for confirmation.

The housing construction department in Shenzhen will sign the housing lease contract online, and the funds supervised by the housing lease enterprises shall not be used at will. From the second month after the lease contract comes into effect, the supervision bank will pay rent to the housing leasing enterprise on a monthly basis.

Under any of the following circumstances, the supervision funds can be used to refund the lessee's deposit and prepaid rent. : 1. The house leasing enterprise and the lessee negotiate to terminate the house leasing contract in advance; 2. The housing leasing enterprise and the lessee claim to unilaterally terminate the contract according to law or in accordance with the lease contract; 3. The effective legal documents of the people's court or arbitration institution lead to the premature termination of the lease relationship; 4. Housing leasing enterprises stop carrying out housing leasing business; 5. Housing leasing enterprises are not well managed and cannot return the deposit and prepaid rent to the lessee in accordance with the lease contract. The Notice also regulates housing lease loans. Where a financial institution provides a personal housing lease loan to the lessee, it shall sign a separate loan agreement with the lessee and allocate the loan to the lessee's personal account. Housing leasing enterprises shall not require the lessee to use housing rental loans by means of concealment, deception or coercion. , not to induce the lessee to use the housing rent loan in the name of rent concessions, and not to include the relevant contents of the housing rent loan in the housing lease contract; Financial institutions shall issue housing rental loans on the basis of housing lease contracts filed or declared in accordance with relevant regulations. The term of the loan shall not exceed the term of the housing lease contract, and the frequency of granting the loan shall match the frequency of the borrower paying the rent.