We should move into our new place this Saturday afternoon. We paid a deposit two weeks ago. Full lease agreement will be signed tomorrow evening, together with 6 months rental in advance (3 is the norm, but owner wanted 6 to meet our asking price) plus 1 month's security deposit. There will be plenty of RMB100 bills to count tomorrow by several hands.
At the same time, we received a deposit for leasing our apartment today. As we move out this Saturday, someone else will move in. Interestingly, when we searched for our apartment, the market was very quiet, with more units than renters. While we had many choices and owners were willing to take prices down when we searched for an apartment to lease, our positions were reversed as landlord trying to rent our apartment out the same time. Many blamed that on stinginess of visas issued during the olympics. There may be some truth to that because we entertained significant pickup in viewings these past few days.
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