Nowadays, Korean expats are increasingly moving to Vietnam for living, working and raising family. Therefore, the need of renting apartment is also up recently. Surely that Korea expat will have some concerns about living condition, enviroment as well as place to live.
As experienced in rental market for over 4 years, we have served and satisfied many expats including Korean. Hence, we know the problems and concerns in renting apartment from our beloved customers. Continuing reading our post to find out troubles and concerns that may happen to expat living in Vietnam, especially Korean, for avoiding and finding support.
1. Troubles may happen
- Rental price you find on some market place may higher than current value
If you’re seeing some listings may not be updated, you would get a higher price than the current market value since the price on the market constantly changes. Or even the owner of the site long to update data frequently, but they cannot persuade the landlord to price down, it still higher than the market price at that time.
Normally with a reliable agent or professional rental agencies who have experienced will get trustworthy from the landlord. Then they will easily negotiate the reasonable price with the landlord as well as update price frequently to get a relationship with the landlord. Additionally, professional agencies will have their staffs who major in each district, knowing deeply rental prices, utilities around and some ordinary stuff to recommend tenants suitable places to live and work.
- Meeting scammers who just find apartments for you only, but the other steps such as legal support, support while living, til end contract
The rental process is not only finding apartment for tenants and take agent fee easily from the landlord. Some agents will approach this job with thought that they only work for the one pay them. In Vietnam, the responsibility to pay agent fees is landlords, not tenants. So, some agents will only find customers for the owner of the apartment, get agent fee and finish. And the rest is landlord and tenant responsibility.
Hmmm… maybe you’re worrying now since you do not know clearly the rental process in Vietnam as well as language conflict if your agent leaves you behind after you move in, right?
Don’t worry about that too much because every problem can be solved when you find reliable and professional agency, especially the experienced one. Those companies themselves definitely have their own standard service process and professional staff who are dedicated to serving you from your move-in to move-out day.
- Do not know whose faults when property is broken
Normally when something is out of work during your living duration, you may think that’s your fault. But who knows, whether it’s landlord or previous tenants’ faults. Handover contract will solve these kinds of issue. Professional agents will make a hand-over contract to check all properties before new tenants move in the apartment. During the living time, responsibility will be defined based on the first hand-over contract.
- Having language troubles when conflict with building management, landlord or closest neighbors
It may happen to those who have Vietnamese landlords and neighbors don’t know much English. Conflict can be solved by a wise and clear conversation. If you have someone to understand many languages (Vietnamese, English or Korean), the problems will be easily understood and solved
- Break the lease
You signed the contract for 1 year but suddenly must to move to another area for work or some reasons. It’s so hard if you have to lose 2 months deposit as the term you signed in the first contract. What can you do to balance the situation to get back deposit and also be able to move out safely? Let’s read our solutions for this case and some real situations that solved successfully by our staffs
2. Things must have when renting apartment
- Specific demands for your ideal apartment such as number of bedrooms, size, view, floor, furniture and your maximum budget. The more specific demand, the easier and faster of your renting process
- Required Documents: Passport/Visa
Different from Korean way which is more than 2 methods of paying, there is only 1 method for rental payment in Vietnam. Similar to WOLSE (Monthly Payment + Deposit) – which means that tenants will pay deposit ( normally 2 months deposit for serviced apartment, normal apartment and house, 3–5 months deposits for villas and commercial townhouse) and pays a monthly rent on the designated date of each month.