In Wuhan, renters can find, apply, sign on­line

China Daily (Latin America Weekly) - - 4 China - By MA ZHENHUAN in Bei­jing and LIU KUN in Wuhan

A new on­line-based home rental plat­form has started trial operations in Wuhan, Hubei prov­ince, and aims to fur­ther de­velop the rental mar­ket by stream­lin­ing pro­ce­dures and en­sur­ing re­li­able ser­vices.

The ser­vice, launched by the Wuhan hous­ing se­cu­rity and man­age­ment bureau and the Hubei branch of China Con­struc­tion Bank, en­ables prospec­tive ten­ants to browse list­ings up­loaded by in­di­vid­u­als or real­tors, check the de­tails of prop­er­ties and even sign a lease.

It is the first such web­site to op­er­ate in a pro­vin­cial cap­i­tal un­der the na­tional “gov­ern­ment-bank co­op­er­a­tion” model, where a bank pro­vides fi­nan­cial ser­vices, such as on­line pay­ments and trans­ac­tions to in­di­vid­u­als and real es­tate agen­cies, while the hous­ing man­age­ment author­ity takes care of verification, su­per­vi­sion and man­age­ment of rental com­pa­nies.

On Nov 1, Hu Qin, who works in the city’s Optics Val­ley, be­came the first to sign a lease by log­ging onto the plat­form us­ing an app, clinch­ing a one-year con­tract to rent an apart­ment for 1,550 yuan ($233) a month.

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