A simple introductory guide to know how to rent a property in Vietnam using an Estate Agent who specializes in overseas property, and what to ask.
Leases can be 3 months to 1 year, but shorter leases are also possible. Landlords typically ask for a deposit of 1 month's rent, and 2-3 months' rent in advance for a lease of 6 months or more.
Rental payments - Rents are usually paid quarterly in advance and are typically expressed in USD per month. Rent increases are based on the open market rental value or a fixed increment agreed upon at the start of the lease.
You can register yourself at the local authorities with your passport and visa. It's a good idea to include a clause in the contract that allows you to have guests, and to let the owner know about them.
Follow legal procedures to protect your rights as a tenant. This includes negotiating the lease and ensuring compliance with local regulations.
Rental income in Vietnam is subject to personal income tax (PIT) at a rate of 5% on the gross rental income.
Investors earning rental income must also pay business license tax (BLT), which varies with total annual rental income.
Note this information is purely a guide, and if selling or renting in Vietnam, we advise you to seek professional help as relates to your specific needs.
Find out how to list a property in Vietnam for rent here.
