新京报讯(记者张静姝通讯员丁睿文)房东不退押金怎么办？租客提前退租应当承担违约责任吗？租客偷 偷养宠物，房东能追责吗？租房遇到纠纷，房东和租客该如何依法维护权益？2025年9月15日《住房租 赁条例》正式施行，面对住房租赁市场政策新要求，法院又有哪些新举措保驾护航？9月24日，北京市 通州区人民法院召开新闻通报会，系统通报了2022年至2025年6月期间通州法院住房租赁案件审理情 况，并发布了《北京市通州区人民法院住房租赁案件审判白皮书(2022-2025)》，为推动住房租赁市场健 康有序发展提供有力司法保障。 通州法院审判委员会专职委员陈汉东通报了该院2022年至2025年6月涉住房租赁案件的审理情况，指出 住房租赁案件审理面临三大挑战：一是诉讼主体不适格，程序空转提速，二是合同违约类型多，违约责 任判定难，三是合同解除不规范，解约后果处理难。 陈汉东专委介绍，通州法院积极创新工作举措，针对住房租赁案件，通州法院在立案、诉前、诉中三阶 段持续优化审理流程，持续提升纠纷治理效能。在立案阶段，法院采取递进式"三识别"机制，细化立案 识别标准，优化案件办理流程，提升案件办理的针对性、规范性和时效性，实现住房租赁案 ...

Core Viewpoint - Recent rumors regarding the imposition of a "landlord tax" have sparked widespread discussion, but experts clarify that current housing rental tax policies remain unchanged and that the rumors stem from a misunderstanding of the new Housing Rental Regulations effective from September 15 [1][2] Group 1: Tax Policies and Regulations - The "landlord tax" rumors are based on a misinterpretation of the Housing Rental Regulations, which require landlords and tenants to sign contracts under real names and register them with relevant authorities [1] - Local tax authorities, such as Chengdu's tax department, have clarified that existing tax policies for rental properties have not changed and that there is no new "landlord tax" introduced by the new regulations [1][2] - Current policies provide significant tax exemptions for individual landlords, with many taxes being waived entirely for rental income below 100,000 RMB per month [2] Group 2: Tax Rates and Exemptions - Landlords primarily pay two types of taxes: property tax at a statutory rate of 4% (often reduced to 2%) and personal income tax at a rate of 10% (with some areas applying lower rates of 0.5% or 1%) [2] - In cities like Chengdu, landlords can benefit from a 0% tax rate if they register their rental contracts on the local housing rental platform, significantly lowering their overall tax burden [2] - The actual tax burden for landlords is much lower than the rumored "20%-30%" due to various exemptions and reductions in tax rates [2] Group 3: Rental Market Dynamics - Rental prices are determined by supply and demand rather than tax rates; in a seller's market, landlords may pass on tax costs to tenants, while in a buyer's market, tenants have more negotiating power [3] - Data from the China Index Academy indicates that the average residential rent in 50 cities was 34.93 RMB per square meter in July, showing a slight month-over-month decline and a year-over-year decrease, suggesting a stable rental market [3] - The current rental market does not exhibit tight supply-demand conditions, making it unlikely for landlords to transfer tax burdens to tenants [3]

Core Viewpoint - The newly announced "Housing Rental Regulations" will take effect on September 15, 2025, marking the first administrative regulation in China's housing rental sector, aimed at enhancing the stability and development of the rental market [1][2]. Group 1: Market Context - The Chinese housing market has historically favored purchasing over renting, leading to a relatively underdeveloped rental market. However, as the market transitions to a stock era, the role of housing rentals in meeting the needs of new citizens and young people is becoming increasingly important [1]. - According to the National Bureau of Statistics, over 25% of urban households in China were renting as of 2020, with provinces experiencing significant population inflows showing higher rental proportions, such as Guangdong at over 55%, and Shanghai and Beijing at over 35% [1]. Group 2: Regulatory Impact - The "Housing Rental Regulations" aim to stabilize rental relationships and incentivize investment by establishing clear guidelines for landlords, tenants, rental companies, and intermediaries [2]. - The regulations encourage homeowners to rent out their properties and support the transformation of old factories and commercial spaces into rental housing, thereby increasing the supply of rental units through multiple channels [2]. - The regulations are expected to foster the emergence of specialized housing rental companies, enhancing the professionalism within the sector [2].

Hot News - The State Council Premier Li Qiang signed the "Housing Rental Regulations," which will be implemented on September 15, 2025, emphasizing market - government cooperation and regulating housing rental enterprises [2] - On July 21, the National Energy Administration released June's electricity consumption data, showing a 5.4% year - on - year increase, with varying growth rates in different industries [2] - At a press conference on July 21, Foreign Ministry Spokesperson Guo Jiakun had no information on the possible meeting between Chinese and US heads of state [2] - The US Congressional Budget Office estimates that the "Big and Beautiful Act" will increase the US deficit by $3.4 trillion in ten years [3] Key Focus - The key commodities to focus on are coking coal, soda ash, asphalt, rapeseed meal, and glass [4] Night - session Performance - The night - session performance of different commodity futures sectors shows varying growth rates, with the precious metals sector having the highest growth rate of 28.87%, followed by the coal - coking - steel - ore sector at 14.71% and the oil - and - fat sector at 12.44% [4] Major Asset Performance - Different types of major assets have different daily, monthly, and annual growth rates. For example, the Shanghai Composite Index has a daily increase of 0.72%, a monthly increase of 3.35%, and an annual increase of 6.21%; the precious metals like London spot gold have excellent performance with an annual increase of 29.44% [6]

Core Viewpoint - The newly published "Housing Rental Regulations" aims to standardize housing rental activities, protect the legal rights of parties involved, stabilize rental relationships, and promote high-quality development of the rental market, with implementation set for September 15, 2025 [1][2]. Summary by Sections Overall Requirements - The regulations emphasize that the development of the housing rental market should align with national policies and encourage a combination of market-driven and government-guided approaches, promoting diverse channels for increasing rental housing supply and fostering market-oriented, professional rental enterprises [1]. Regulation of Rental Activities - Housing intended for rental must comply with legal standards related to construction and fire safety, ensuring no risk to personal safety and health. Non-residential spaces cannot be rented out for residential purposes. Both landlords and tenants are required to sign rental contracts under real names and adhere to specified behavioral norms [1]. Regulation of Rental Enterprises - Rental enterprises must provide truthful, accurate, and complete information about available properties, maintain rental archives, and establish sound internal management systems. Those engaged in subleasing must set up regulated rental fund accounts [1][2]. Regulation of Brokerage Institutions - Brokerage institutions are required to verify and record the identity of clients and property ownership before publishing rental information, conduct on-site inspections, and prepare housing condition reports. They must also clearly price their service fees [2]. Strengthening Supervision and Management - Local governments at the city level and above must establish rental price monitoring mechanisms and regularly publish rental level information. Property management departments must implement graded supervision based on the credit status of rental enterprises and their personnel, while industry organizations should enhance self-regulation [2]. Strict Accountability - The regulations stipulate strict legal responsibilities for landlords, tenants, rental enterprises, brokerage institutions, and relevant government officials in cases of violations [2].

Summary of the Housing Rental Market in China for H1 2025 Core Viewpoint The rental market in key cities in China is experiencing slight fluctuations, with an overall average rental price decline of 1.37% across 50 cities in the first half of 2025, while first-tier cities show more stability [1][2]. Group 1: Rental Price Trends - The average rental price in 50 cities decreased by 1.37% in H1 2025, with a more pronounced decline compared to the same period last year [2][4]. - In June 2025, the average rental price was 35.0 yuan per square meter per month, reflecting a month-on-month decrease of 0.27% and a year-on-year decrease of 3.71% [2]. - First-tier cities experienced a smaller rental price decline of 0.56%, while second-tier cities saw a drop of 1.83% and third/fourth-tier cities a decline of 1.47% [4]. Group 2: Rental Income Ratio - The rental income ratio across 50 cities averaged 16.4% as of June 2025, down from 17.8% in June 2024, indicating a gradual decline [6]. - Major cities like Beijing, Shenzhen, and Hangzhou showed significant decreases in their rental income ratios compared to the previous year [6]. Group 3: Investment Returns - The rental-to-price ratio in key cities increased to 2.17% by June 2025, up from 2.09% a year earlier, indicating improved rental returns for quality assets [8][10]. - The rental market is benefiting from rigid demand and improved rental quality, leading to a more favorable investment environment [10]. Group 4: Affordable Rental Housing - As of the end of 2023, 573,000 affordable rental housing units have been completed, achieving 66% of the "14th Five-Year Plan" target of 870,000 units [11]. - The pace of affordable rental housing collection may slow down in 2025, with many regions lowering their annual targets compared to 2024 [12]. Group 5: REITs Performance - The overall performance of affordable rental housing REITs showed a slight decline in Q1 2025, with income and net profit generally decreasing by less than 6% [16]. - The issuance of affordable rental housing REITs has accelerated, with two new REITs launched in H1 2025, bringing the total to eight and raising nearly 12 billion yuan [16].

Core Insights - The report highlights the growth in the scale of China's housing rental enterprises, with the top 30 companies reaching a total of 1.332 million opened units by May 2025, an increase of approximately 4,000 units from April 2025 [5][6] - The management scale of these enterprises also saw an increase, reaching 1.923 million units, up by 26,000 units from the previous month [7][8] Group 1: Opening Scale Rankings - The top three companies by opened units are Vanke Boyu with 196,600 units, Longfor Guan Yu with 123,000 units, and Magic Cube Living Service Group with 84,154 units [1][2] - The total opened units for the top 30 companies is 1.332 million, with a breakdown showing 11 housing rental enterprises, 9 local state-owned enterprises, 5 entrepreneurial companies, 3 hotel companies, 1 intermediary, and 1 financial company [5][6] Group 2: Management Scale Rankings - Vanke Boyu leads in management scale with 275,400 units, followed by Longfor Guan Yu with 164,000 units and Meiyu with 133,060 units [3][4] - The total management scale for the top 30 companies is 1.923 million units, with 11 housing rental enterprises, 9 local state-owned enterprises, 6 entrepreneurial companies, 3 hotel companies, and 1 intermediary [7][8] Group 3: Business Dynamics - In May, various projects for guaranteed rental housing and talent apartments were launched, with local state-owned enterprises being the main suppliers [9][10] - Notable projects include the talent apartment in Hainan Wenchang International Aerospace City and the West Group's rental housing project in Shanghai [9][10] Group 4: Business Expansion - Companies are actively acquiring projects to expand their business footprint, such as New Huangpu's acquisition of an office project in Beijing for 215 million yuan to be used for guaranteed housing [11][13] - Hangzhou Anju Group and Hefei Anju Group completed their first acquisitions of existing residential properties for guaranteed rental housing [11][13] Group 5: Financing Trends - The listing of Huatai Suzhou Hengtai Rental Housing REIT on the Shanghai Stock Exchange was well-received, with a significant increase in share price on the first day [14][17] - The establishment of a domestic mother fund by CapitaLand Investment aims to enhance its asset management scale in China, focusing on stable cash flow and long-term value assets [14][17] Group 6: Policy Developments - The State Administration for Market Regulation released a model rental contract to clarify key terms for urban housing rentals [18][19] - Local governments are enhancing housing rental management regulations, with Guangdong and Tianjin proposing policies to support the acquisition of existing properties for guaranteed housing [19][20]

Core Insights - The rental housing market in China continues to experience a seasonal downturn, with average rents in 50 cities showing a slight decline in May 2025 compared to previous months [6][9]. Rental Market Overview - As of May 2025, the cumulative management of rental units by the top 30 centralized long-term rental apartment companies reached 1.923 million units, an increase of approximately 26,000 units from April [1][4]. - The average rent for residential properties across 50 cities was 35.0 yuan per square meter per month, reflecting a month-on-month decrease of 0.34% and a year-on-year decrease of 3.44% [6][9]. Company Performance - The top 30 companies in the rental market include various types of enterprises, with 11 being real estate companies, 9 local state-owned enterprises, 5 entrepreneurial firms, and 3 hotel-related companies [3][4]. - The leading company, Vanke Boyu, managed 196,600 units, followed by Longfor's OBO with 123,000 units [1][2]. Financing Trends - On May 21, 2025, Huatai Suzhou Hengtai Rental Housing REIT was officially listed on the Shanghai Stock Exchange, achieving significant investor interest [5]. - The private equity sector saw CapitaLand establish its first domestic mother fund in China, with a total commitment of 5 billion yuan, expected to contribute 20 billion yuan to its asset management scale [5]. Land Transactions - In May 2025, 69 residential land transactions were recorded across 22 key cities, with a total planned construction area of approximately 4.86 million square meters [12][13]. - Hangzhou led in transaction volume, while three rental land transactions were noted in cities like Ningbo and Shanghai [12][13].

Group 1: Housing Fund Policy Changes - Zhengzhou Housing Provident Fund Management Center is seeking public opinion on adjusting the age limit for borrowers of housing provident fund loans, allowing male borrowers to extend the loan maturity to 68 years and female borrowers to 63 years, or up to 5 years after the statutory retirement age, with a maximum loan term of 30 years [1] Group 2: Real Estate Development in Shanghai - In the first quarter of 2025, Shanghai's real estate development investment increased by 5.1% year-on-year, with residential construction area growing by 9.5% [2] - The sales area of residential properties reached 3.2978 million square meters, reflecting a year-on-year increase of 2.2% [2] Group 3: Real Estate Development in Guizhou - Guizhou's real estate development investment rose by 4.5% year-on-year in the first quarter of 2025, contributing to a provincial GDP of 559.845 billion yuan, which grew by 5.3% [3] Group 4: Debt Management by Xinda Real Estate - Xinda Real Estate announced the repurchase of 240 million yuan of bonds and the resale of 710 million yuan of bonds, with the repurchase period set from April 17 to April 21, 2025 [4] Group 5: Rental Market Trends - In the first quarter of 2025, the average rent for residential properties in 50 cities decreased by 0.44%, with a slight monthly fluctuation observed [5] - January saw a 0.4% drop in average rent due to seasonal factors, while February experienced a stabilization with a marginal increase of 0.01% [5] - By March, the average rent was 35.3 yuan per square meter per month, showing a month-on-month decline of 0.05% and a year-on-year decrease of 3.4% [5]