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'Cash ' Deal on Accomodation....Opinions?

We arrive in Hanoi at the end of the month where we will be looking for an apartment/house prefably around the Tay Ho area. My company are not paying the rent and so it will down to me to pay the rent, when potential landlords are aware of this they are asking if we will do a 'cash' deal. I only want a short term tenancy of 6 months to start as i may have to move on which only adds to the problem.

Would i have to sign contracts even if i did a cash deal?

Advantages/disadvantages of a cash deal?

what are your opinions?

posted about 5 months ago by ckofs - viewed 244 times
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answered about 5 months ago by Spin

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I moved to Tay Ho about 1 month ago and signed a year contract-- but the contract states that if we would like to leave prior to the year ending, then we would have to inform the landlord 2 months in advance of our leaving. the landlord also has the same right. Also in our contract it states that if for some reason, due to our leaving the country or if there are unforseen noises in the apartment that the landlord didn't share with us before renting, we also have the right to leave before the contracts ends. so in a way, we are not bound to the year term. also, I think you may be able to have a 6 month contract written up.

we paid a deposit and 3 months of rent in cash to start. rent is then paid every three months.

I worked with a very helpful agent here in Hanoi, recommended through a friend. Please let me know if I can provide you her info.

Hope this helps!

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answered about 5 months ago by PhilippeP

rushing to find the best restaurants in Hanoi

How do you want to pay? most of the transaction are made by cash with these landlords who do not really declare anything to avoid paying taxes and of course they do not want to have any trace for bank transfers. Anyway checks or credit cards are not working for these small deals. You can sign a contract and make sur you can get out with 1 month notice before 12 months. Anyway if your contract is not notorized which is probably the case of 95% of the housing contracts it has no value. Welcome in Vietnam and try not to pay deposit because you will have problems to get it back or what is usually done is you pay 3 months in advance and after you pay every month but no deposit.

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