租赁条例正式实施，“打工人”租房有“法”可依了

Core Points - The implementation of the Housing Rental Regulations marks a significant step towards the legal and standardized development of the housing rental market in China, addressing long-standing issues such as safety hazards and deposit refund difficulties [3][4][22] - The regulations encourage the use of private housing for rental purposes and support enterprises in revitalizing old factories and commercial properties for rental, thereby increasing the supply of rental housing [2][10] Summary by Sections Regulations Overview - The Housing Rental Regulations consist of 7 chapters and 50 articles, focusing on standardizing rental activities, regulating the behavior of rental enterprises and agencies, enhancing supervision, and enforcing accountability [5][11] - Key provisions include restrictions on renting non-residential spaces for living, regulations on deposit deductions, and requirements for landlords to provide reasonable notice before terminating contracts [1][6][8] Impact on Rental Market - The regulations directly address issues such as "串串房" safety risks, "隔断房" chaos, and the lack of transparency in rental prices, establishing a legal foundation for unified regulation across the national rental market [3][22] - The regulations are expected to accelerate industry restructuring, pushing the market towards institutionalization, standardization, and quality improvement, benefiting larger, compliant enterprises while increasing pressure on smaller firms [11][22] Market Trends - Following the announcement of the regulations, there has been a decline in the number of personal rental listings, with a reported decrease of 6.40% month-on-month in August 2025, despite a year-on-year increase of 11.70% [13][16] - Rental prices have shown an upward trend, with personal rental listings averaging 31.76 yuan per square meter per month in August, reflecting a 0.37% increase month-on-month [16][19] Future Outlook - The regulations are anticipated to stabilize rental relationships and establish a rent monitoring mechanism, which will enhance the reliability of rental housing as an asset class for financial instruments like REITs [22] - The competitive focus in the rental market is expected to shift from scale expansion to compliance and service capability, fostering a healthier interaction between financial capital and the rental market [22]