Behind the long-term rental apartment thunder, in addition to landlords, tenants, and long-term rental apartment companies, there may be a fourth party involved, which is a financial institution that provides rental loans.
On December 2, the service assistant of the Ziru APP reminded that the payment method of the contracted Haiyan plan, Ziru installment and easy payment will be suspended on November 27, and users who have signed Haiyan can still repay normally.
The emergence of rental loans has changed the traditional “one-pay-three” model of renting a house. Long-term rental apartment companies can obtain a full year’s advance payment from financial institutions, amplify capital leverage and seize market share. For tenants who are not well-funded, rent loans have also alleviated the pressure on renting a house. Why has this seemingly two-by-one thing been stopped?
Zhang Qianlin, senior partner of Shanghai Dabang Law Firm, believes that the purpose of introducing rental loans for long-term rental apartments is to use advance payments from financial institutions to support business expansion. Some emerging industries take advantage of the Internet to achieve economies of scale in the short term, and then use traffic to make money. Therefore, policies such as loan discounts are proposed to attract tenants to use rental loans. However, the lack of a clear profit model hides certain risks.
In this model, a closed loop is formed among long-term rental apartment companies, landlords, tenants, and financial institutions. Landlords provide housing, banks provide rental loans, tenants rent houses from long-term rental apartments and repay monthly payments to financial institutions. Long-term rental apartment companies are a key element in the chain. Once problems occur, the other three All links will be affected.
“Some long-term rental apartments are keen to use the method of’concealing the truth’ or’changing their faces’ to induce tenants to choose rent loans, and even give them benefits through discounts. The biggest benefit is that rent loans can quickly realize long-term rents. Repayment. As a result, the long-term rental apartment platform adopts the method of “long-term receipt and short-term payment”, disguised as occupying the landlord’s due rent income, or even embezzling its own operating income for other purposes, seizing the housing and implementing unfair competition.” China Politics and Law Li Junhui, a special researcher of the University’s Intellectual Property Research Center, said.
Li Junhui believes that, in the final analysis, long-term apartment rentals vigorously promote the rental loan model, on the one hand, it is profitable, on the other hand, there are regulatory loopholes, and there is huge room for potential or improper income.
In fact, six departments including the Ministry of Housing and Urban-Rural Development pointed out in the guidance issued on December 25, 2019 that, in the rental income of housing leasing companies, the amount of housing rental loans should not exceed 30%.
“As far as I know, the rent-loan ratio mentioned in the guiding opinions has not been subject to follow-up special verification and notification, which has little restriction on leasing companies. However, there is now a requirement for rent loan rent to enter the third-party bank supervision account. I think this will be effective Restrict leasing companies from abusing rent. In fact, rent loans are not completely negative and can be regarded as a kind of financial innovation. However, in the follow-up process, how companies use this part of funds must continue to regulate and supervise.” Yan Yuejin, research director of the Think Tank Center of the Academy, said in an interview with a reporter from China Business News.
After the long-term rental apartment “runs off” after a thunderstorm, who should carry the pot it left behind?
On December 2, WeBank, which provides consumer loans to long-term rental apartment tenants, issued an announcement stating that customers who were forced to move out of the apartment due to a thunderstorm in long-term rental apartments, and confirmed that customers who completed registration would suspend deductions. The remaining loan principal will be granted an interest-free extension. Before December 31, 2023, there will be no deduction, no interest calculation, and no impact on credit records.
Zhang Qianlin believes that from the perspective of the tripartite relationship, the long-term apartment company is the lessee, the tenant is the secondary tenant, the loan company is the lender, and the tenant is the borrower. The tenant pays the rent to the long-term apartment company by borrowing from the loan company. , And then repay the loan company afterwards. Therefore, after a long-term rental apartment company has a thunderstorm, the tenant can pursue the long-term rental apartment company for breach of contract, but at the same time still has the obligation to repay the loan company.
Li Junhui believes that the source of the risks arising from rental loans is not due to tenants’ dishonesty, but from improper operation of long-term rental apartment companies. Even to some extent, a small number of long-term rental apartments have the tendency or risk of using the rental loan model to defraud bank funds.
“For poorly managed long-term rental apartment companies, the tenant has no longer actually rented the house but still has the loan burden. The loss of the principal and interest of the loan should not be borne unilaterally by the tenant. A safer way is to let the tenant , The landlord, the platform and the bank, according to their respective faults or negligence, to share proportionately.” Li Junhui told the first financial reporter.
Reprint indicated source：Spark Global Limited information