Landlords who commissioning their residential units to the rental housing management business or lease their housing to the rental housing subleasing business for subleasing: No More Worrying About Furnishings Being Stolen
“My tenant stole my AC unit!” A landlord Yan, who has more than a decade of experience in rental housing, he has encountered such unethical tenants before. However, since he rented his property out through a sub-letter, he no longer needs to worry about furnishings being stolen. Three months after “Rental Housing Market Development and Regulation Act” (hereafter referred to as Rental Act) was promulgated on June 27 this year (2018), reforms including comprehensive regulations in the rental housing contract and professional service have rectified problems associated with house rental, thereby giving landlords and tenants peace of mind.
According to the Ministry of the Interior, interviews with three parties involved in the rental housing service business (landlords, tenants, and agents) have all expressed praises toward the new system. After the Rental Act was promulgated, the rights and obligations of the landlords and tenants are reinforced, in turn minimizing disputes and significantly improving phenomena such as insufficient protection in the rental market, difficulty in dispute resolution, and a lack of professional management, thereby progressively materializing the “protection for house rental and peace of mind for landlord and tenants” policy goal of the Rental Act.
Landlords Enjoy Peace of Mind – Saving Time and Effort through Management by Specialist
According to landlord Mr. Yen, he has experienced problems including stolen AC unit, overdue rent, and messy interior after the tenants have moved out etc. However, with clear regulations stipulated by the Rental Act, as well as professional services by the rental housing service business, he feels completely at ease to rent out his property.
Mr. Yen pointed out that the Rental Act clearly defines the rights and obligations of the landlords and tenants, while the rental housing contract formulated by the Ministry of the Interior also specify the terms that should and should not be included in the boilerplate for leases. In addition, landlords entrusting property management to professional agents can enjoy tax preference and stable rent income, thereby saving time and efforts.
According to landlord Mr. Yen, professional services rendered by the rental housing service business offer him peace of mind in renting out his properties.
Peace of Mind for Tenants – Building Repairs is Just One Phone Call Away
Mr. Zu, a long-term tenant, also expressed that he often encountered problems such as false advertising, landlords refusing tenants’ moving-in registration or building repairs when renting a house. However, these problems were ironed out after the Rental Act was promulgated. Furthermore, thanks to the professional service of rental housing service business, if there are any building repair-related problems, simply pick up the phone and a manager will come over to fix them, bringing peace of mind to rental housing.
Leaving rental matters to professionals saves time and efforts
Diligent Industry Management Alleviates Burdens for Landlords and Tenants
According to rental housing service business, the Rental Act provides the public with a set of reference standards to effectively minimize disputes. Registration of service item, joining trade associations and the professional accreditation system to endow the agents with legality and self-discipline, in turn preventing fraud by unscrupulous agents. Moreover, the professional rental management service endows landlords with additional peace of mind.
Rental housing service business suggest that the Rental Act provides the public with a set of reference standards to effectively minimize disputes.
Ministry of the Interior emphasizes that more rental affairs consultation channels have been established after the promulgation of the Rental Act. At the same time, professional management by agents effectively handles house rental matters, enabling landlords to enjoy tax preferences and mitigating the burden of the landlords and tenants. The interview with landlords, tenants, and agents highlight the importance and necessity of the Rental Act in guaranteeing people’s quality of life and economic development in Taiwan.