In Wuhan, renters can find, apply, sign online
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.