Office leasing also has its own laws that the lessor and the lessee must comply with. So what are those legal regulations, below are the issues surrounding the provisions of Vietnamese law on office rental and office leasing? REGULATIONS ON OFFICE LEASING Office leasing business belongs to the group of real estate business, and is one of 243 conditional business lines, and is also a group of industries under legal capital. The Enterprise Law 2014 clearly stipulates that enterprises do not have to prove their capital when establishing a business or adding real estate business lines, but must maintain the legal capital during the business period. Specifically: Organizations and individuals dealing in real estate must establish an enterprise or a cooperative (hereinafter referred to as an enterprise) and have a legal capital not lower than VND 20 billion, except for the case specified in Clause 2 of this Article. Organizations, households, and individuals that sell, transfer, lease...
In 2020, the market office for lease supply continues to increase while demand is limited due to the impact of Covid-19, vacancy rate increases & occupancy rate decreases slightly. Enterprises tend to change the flexible working model and consider moving offices from the center to the neighboring districts. However, Vietnam is considered as one of the least affected countries and prospects for economic and infrastructure development. Office for lease Supply: Supply in 2020 increases compared to last year. In Q4 2020, there were no new Grade A buildings in the HCMC office for rent market. However in 2020, the market burns received 1 additional Grade A and 7 Grade B projects, providing about 139,000 m2 of net leasable area, stock of more than 2.3 million m2, up 7% QoQ and 12% YoY. Office for lease Demand: Occupancy rate decreased slightly Tenants struggling during the Covid-19 period mostly chose to reduce their occupancy or even switch to lower-segment buildings. Vacancy rates...
Surely you have heard about the variety of fees you have to pay if you decide to rent an office. But in fact, when renting have to pay all those Expenses? NO! 1. Fixed cost in office Expenses: Office rental Service fee (management fee): This is the amount the tenant pays for the services and utilities of the building, including reception, security, sanitation, water in the WC area, lighting, and air conditioning. join public areas, operate elevators, kill insects, take care of trees, etc. Regular service charges do not include Electricity charges in the rental area, parking fees for cars and motorbikes. Tax 2. Variable cost, according to actual use: Air-conditioning charge: Air-conditioning charge is included in the service charge for Grade A and Grade B buildings. Usually not included in the service charge for Grade C buildings. Statistics are based on reality. If you have to pay for electricity for an air conditioner according to the meter, the average cost is 1-1.5 USD /...
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