Due to the growing number of people living in Saigon for business, travel, or education, the serviced apartment rental market in District 3 of Ho Chi Minh City is currently experiencing significant growth. So, when making the serviced apartment leasing agreement, what do we need to pay attention to?

 

Follow us as we reveal the top ten things that SILA Urban Living has noticed that you should keep in mind before signing a contract!

 

 

1. Provide exactly personal information

Before preparing a serviced apartment leasing agreement, the lessor and the lessee must provide all specific and accurate personal information. It helps both sides to ensure all their rights if a dispute occurs.

 

2. Verify ownership

Please ask the landlord to present the ownership certificate showing the right of using the apartment to make sure that this serviced apartment is not involved in a dispute or mortgage.

 

3. Fees

In the leasing agreement, it is necessary to have full information about the rental price and other terms such as:

• How long is the lease term? (by months or years)

 

• How much is the rental fee, and when is the payment timeline? Payment methods (by cash or by transfer). The money will need to be exchanged for VND because if you use foreign currency, the rental contract will no longer be valid. It will cause a lot of problems for both sides in any disputes.

 

• If you stay for a long time, the contract also need to mention clearly the rental fee increase per year and how much it will increase

 

• Verify if the rent includes utilities such as parking, electricity, water, waste disposal, and management fees. This will assist you in avoiding paradoxes.

 

4. Deposit regulations

For serviced apartments in general, to be sure, the lessor will require the lessee to make a security deposit with one or two months of the rental fee. And when the contract expires, the security deposit will be refunded to customers if they do not want to renew the agreement.

 

However, there are some non-reputable serviced apartment that do not want to return or delay returning the deposit. Therefore, customers need to choose a reputable serviced apartment to stay.

 

5. Early termination regulations

This is such a very important thing in every leasing agreement. In the event that one of the two parties wishes to end the agreement earlier and is not responsible for the current legal regulations, a number of issues could arise if this clause is left out of the contract.

 

6. Length of contract

This term relates to the termination of the agreement, that many people do not pay attention to. Consequently, both parties (especially the tenant) should be aware of the following clauses when creating the leasing agreement:

• How long the written notice is required if the lessee does not want to rent the serviced apartment while the contract is still valid?

 

• How long does the lessor have to give notice in advance if it wants to end the lease earlier for any reason, and when will the tenant get their money back?

 

7. Terms for the interior of the serviced apartment

 

Every piece of furniture in the apartment must be listed completely in the leasing agreement. The current status of all furniture is required and must be signed by both sides. If there is any loss or damage to the interior, the lessor may ask the lessee to make repairs or provide compensation in accordance with the terms and conditions outlined in the lease.

 

8. Special terms and conditions

In this article, you should clarify if the owner has any special rules, for example, allowed pets, smoke inside apartments, and cooking permission.

 

9. Other appendices in the agreement

These will show all the details about some conditions, like environmental hygiene, safety, and security in the neighborhood.

 

10. Notarization of the signed agreement

Currently, the law does not require that the lease contract notarized. In the event that a dispute arises, it would be ideal for both parties to have the support of state agencies if the contract is highly valid and requires a sizable deposit.

 

We have just discussed ten crucial points that you should consider when signing a lease for a serviced apartment. We hope this information will be helpful for you.

 

Why you should rent SILA Urban Living’s apartment?

 

SILA Urban Living is located on 21 Ngo Thoi Nhiem Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City. This location is great for seeing popular tourist spots, shopping centers, and other parts of Ho Chi Minh City without wasting too much time traveling there.

 

Furthermore, all of the amenities that our customers require to meet their basic needs are fully provided in our serviced apartments in District 3. A modern bathroom with 100% cotton towels and bed linen, a wall cabinet, a hairdryer, a washing machine, a dryer, and a hair dryer are just a few of the amenities. There are also two 40″ LED Samsung TVs with numerous international channels, a landline, a safety deposit box, air conditioning, and a double bed. Specially, we also equipped a dining table, a cooking stove, an oven, a hood, a toaster to help you feel comfortable serving your family with your favorite food.

 

All of our apartments have a fire alarm system, smoke alarm, and RFID door lock system with magnetic access cards. In addition, a highly qualified security team and a round-the-clock video system guarantee complete client safety.

 

 

 

SILA Urban Living – Where Lifestyle Meets Harmony

 

District 3, the home of the luxury serviced apartments at SILA Urban Living. Here we provide:

• Prime location: SILA Urban Living is located on the main road in the center of District 3. From here, customers can easily get to major places in the city. This location is close to commercial centers, supermarkets, schools, banks, and consulates. Moreover, you can find local bars, cafés and restaurants convenient and reasonable for your personal or business trip.
• Luxurious and classy space: Built in a modern style, delicate colors, and luxury furniture, SILA Urban Living will give customers the perfect living space, separate from the hustle and bustle of the city center.
• Fully furnished: SILA Urban Living will provide you with everything you need, including a TV, refrigerator, air conditioner, washing machine, bed, chair, and wardrobe.
• Guaranteed security: SILA Urban Living serviced apartments in Ho Chi Minh City always have a security team operating 24/7. Each apartment is fitted with CCTV systems and an RFID door lock with magnetic card access, always ensuring absolute safety for guests during their stay.

We hope that the above information from SILA Urban Living serviced apartments in Ho Chi Minh City will help you know the best place to visit right in District 3. Stay with us, and you can live in luxury while exploring nearby destinations.

 

SILA Urban Living

Hotline: +84 28 39 300 800

Email: info@silaliving.com

Website: www.silaliving.com

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