Long-term rental apartments "thunder": beware of capital risks and let tenants "pay the bill"

Recently, the "Lightning" incident of Danke Apartment, a well-known long-term rental apartment platform, continued to ferment, and many banks have suspended the repayment business of "rental loans".

Xinhua Viewpoint reporter learned that since 20 18, more than 100 long-term rental apartments have been "thunderstruck", and the "holes" left behind often require landlords and tenants to "pay the bill" themselves. Experts suggest that regulators should strike hard to prevent tenants from "paying" for the bursting of the capital bubble.

About 170 long-term rental apartment was "thunderstruck" for three years.

10 Since June, there has been a capital chain crisis in Danke Apartment. Up to now, Beijing has set up reception points in various districts involving Danke apartment to facilitate landlords and tenants to consult and handle disputes. The Danke Apartment APP has also opened an online cancellation function.

In fact, since 20 18, long-term rental apartment platforms have frequently "exploded". According to the statistics of Tianyancha, there are about 170 enterprises related to long-term rental apartments in China, accounting for 15% of the total number of related enterprises. From the lessons of the outbreak of brand apartments such as Shanghai Encounter and hanger-on, besides relying heavily on "rental loans" to quench thirst, unfair competition methods such as "long payment and short payment" and bidding for housing are the main reasons for the break of the capital chain of long-term rental apartment platforms.

At present, many long-term rental apartments pay rent to landlords every month and rely on "rental loans" to maintain the normal operation of enterprises. Most enterprises are not profitable and even pay back the money. "A few years ago, there were some nice houses. It is normal for operators to increase the rent by 20% when they take the house, and sometimes it even increases by 50%. Then the operator rents it at a rent level significantly lower than' taking the house price'. " A parent-rented apartment operator in Beijing said.

At the beginning of 20 18, two long-term rental apartment operators, Danke Apartment and Ziyou, both received billions of yuan in financing. A number of similar apartment operators have sprung up like mushrooms after rain, favored by capital, and began to "race the land".

"In May, 20 18, in a residential area near the East Fifth Ring Road in Chaoyang District, Beijing, many serviced apartment brand brokers settled in to handle the house custody business. There are more than 2,000 houses in the community, of which more than 230 are freely managed and more than 0/00 are managed by Danke Apartment. At the same time, several operators have just entered the field of apartment management. In order to compete for housing, we have to add two or three hundred yuan to grab on the basis of freely quoting eggshell companies. " A real estate agent recalled.

Xu Hao, a lawyer of Shi Jing Law Firm, said: "The business model of renting apartments for a long time needs rising market rents, and it can only be played well if there is a continuous demand for renting apartments. Once the rental volume drops, there will be problems. "

Some banks have suspended the repayment of "rental loans"

A banker believes that controlling the risk of "lease loan" at present is the "bull's nose" to solve the "thunder explosion" crisis of Danke apartment.

The so-called "rental loan" means that the long-term rental apartment operator cooperates with the financial institution to apply for a loan in the name of the tenant and pay the rent on a monthly basis, and the financial institution pays all the rent during the lease period to the operator in one lump sum. In this way, the tenant's behavior of paying rent to the long-term rental apartment will be transformed into the tenant's repayment behavior.

Zhou Junqiang, CEO of V Territory Youth Community, said that "rental loan" has solved the short-term financial pressure of some tenants; However, this method has been "broken" by some long-term rental apartment operators, forming a pool of precipitation funds for expanding the scale and forming a circular model of "taking a house-renting a house-financing-taking a house again".

The 20 19 financial report of Danke Apartment shows that a large amount of its cash flow comes from "rental loans", accounting for more than half of the company's financing. The main partner of Danke Apartment is Weizhong Bank. At present, more than 60% of tenants are using "rental loans".

"The tenant chooses to pay the monthly rent through the' rental loan', and the eggshell will return 10% of the rent every month. This preferential way induces many people to choose' rental loan'. " Miss Li, who signed up for Danke apartment in June this year, told reporters that compared with the deposit, the biggest appeal of most tenants now is that Weizhong Bank will lift the "rental loan" for them. "After all, landlords and tenants are victims. As long as the' rental loan' can be lifted in time, the tenant can move out or renew the lease. What I am most afraid of is that the house can't live, and the loan has to continue to be repaid. "

In this regard, Weizhong Bank issued a notice in June 165438+ 10/6, saying that for tenants who are forced to move out, it will assist in resolving lease disputes and make proper arrangements for loans to protect the interests of tenants as much as possible; At least before March 3 1, 20265438, the tenant's credit information will not be affected. However, according to a number of tenants of Danke Apartment who have already retired, Weizhong Bank now allows tenants to continue to repay loans on the grounds that they have not received the funds returned by Danke Apartment until Danke Apartment pays off the loan.

Faced with this thorny issue that may lead to tripartite debt disputes, some tenants have reported that some banks such as China Merchants Bank have recently suspended the withholding of "rental loans" from Weizhong Bank.

Capital venture capital cannot be "customer venture capital"

Since 20 17, many long-term rental apartment operators have been competing for housing with the help of capital subsidies. Now that the market has returned to rationality, the "sequela" of capital ebb tide is gradually emerging.

"The executives of long-term rental apartment operators have exploited the loopholes in the law. Once the platform' explodes', they will run away with money. The remaining thing is that the landlord and tenant negotiate and solve it themselves. If they can't solve it, they will go to court for civil action. The real initiator is only' three glasses of wine', and the punishment is not enough. " A senior housing lease dispute lawyer in Shanghai said.

Hu Jinghui, chairman of Beijing Xiangchu Zhao Hui Enterprise Management Co., Ltd. believes that the frequent "lightning explosion" phenomenon of long-term rental apartments has failed to arouse enough vigilance, so that the "petty evils" in the industry have evolved into social disasters. Looking at the recent "mine explosion" cases, the perpetrators absconded with money, and the executives bear civil liabilities at most, such as being restricted from high consumption.

Take Yu Jian, a well-known long-term rental apartment brand in Shanghai, for example, its founder Cheng Yuan has lost contact so far. Judging from the results of judicial cases involving Cheng Yuan, at present, it is only to limit high consumption. Sunshine city, the partner of the apartment, will not bear any liability for compensation. Landlords and tenants can only "admit that they are unlucky" and digest their losses separately.

Xu Hao said that at present, many long-term rental apartments have turned their leasing business into financial products, and through various financing methods such as venture capital institutions and financial enterprises, they have continuously expanded their scale to improve their own valuations, seeking to realize the "myth of making wealth" in the capital market, and finally investors and corporate executives have cashed in and left the "mess" to the whole society to clean up. From renting long-term apartments and P2P to enjoying bicycles, some practitioners kidnap social resources in the name of innovation and hold customers hostage as "venture capitalists".

Recently, many governments have urgently introduced measures to "make up". Chongqing, Chengdu, Shenzhen and Xi require the establishment of a supervision system for lease funds. If Chongqing and Chengdu require the lessee to pay the rent to the housing leasing enterprise for more than 3 months, the rent received by the housing leasing enterprise and the funds obtained from the housing leasing loan shall be included in the supervision account. In addition, Shenzhen also advises enterprises to carefully choose the rent collection mode, requiring landlords not to drive away tenants by means of water, electricity and gas cut-off; Xi plans to implement credit rating for housing leasing enterprises.

On September 7, the Ministry of Housing and Urban-Rural Development issued the Housing Leasing Regulations (Draft for Comment) for public consultation. According to the opinion draft, housing leasing enterprises shall not require the lessee to use housing leasing loans by means of concealment, deception or coercion. , shall not induce the lessee to use the housing lease loan in the name of rent concessions, and shall not include the relevant contents of the housing lease loan in the housing lease contract.

Zhou Junqiang and other people in the industry believe that although long-term rental apartments have been criticized, from an international perspective, the institutionalization of leasing is still the general direction, and the key lies in supervision. As a people's livelihood industry, relevant departments should strengthen supervision before and after the event, make heavy punches to rectify market chaos, and effectively ensure that people in urban difficulties live and live.