In a rare move, its landlord Early Light Group offered to slash rents for the next tenant by a staggering 44 percent.

The landlord of a shop at Lockhart Road 500 is reported to have reduced the monthly rent by 33 percent to HK$800,000 for the next tenant, as the current lease is scheduled to expire by the year-end.

It said in the statement that its "high-in and low-out" business model - meaning the company rents a house from an owner at a high price and then leases it to a tenant at a low price - has serious defects, and has brought relatively serious risks to the long-term rental market.

Jushi is a tenant company of China's TEDA corporation, one of the oldest and largest industrial developers of the Suez Canal Economic Zone (SCZone) in Ain Sokhna district of the eastern province of Suez.

By the end of 2017, about 70 tenant companies have already been set up in TEDA Cooperation Zone, including four among the 500 largest Chinese firms, with a total investment of $1 billion, according to Liu.

Other major Chinese investors in Egypt include the TEDA corporation, one of the oldest and largest industrial developers of the Suez Canal Economic Zone in Ismailia, and China's fiberglass giant Jushi, a tenant company of TEDA.

Kerr Sun, board director of Master Real Estate Pte Ltd, a Singaporean real estate company, also a tenant of Urwork, said he wants to explore the Chinese market by using the network and commercial services provided by the company.

Flora Tedjo Prawiro, executive director of the Indonesia Retail & Tenant Association, said the Indonesian business community yearns for more investment from Chinese enterprises, so as to further frequent trade exchanges and realize mutual benefits and win-win cooperation.

Tenant relocation demands were constrained by low budgets.

While rental housing will become more attractive to young white-collar workers — they constitute the main tenant group for this emerging residential property segment — it will also attract more families and middle- to high-income tenants, among many other tenant types," said Sheng.

"In China, house agencies usually require the tenant to pay a rental deposit — roughly a month's rent, and prepay rents for three months, which means I need to pay at least 20,000 yuan to a house agency before I move into an apartment.

Yao Yao, head of research for JLL China, said there are many things that can help ensure a tenant enjoys equal rights as a homeowner.

"The thing I most enjoy about this job is to lease out a featured apartment for which it has been difficult to find a suitable tenant," said Li Meimei, a comparative latecomer who started posting photos and rental information in January on China's Twitter-like Weibo platform.

Activities that attempt to disguise actual financial business practices, including embedding housing rental consumption loans into lease contracts, using tenant credit to obtain consumption loans and prompting tenants to use such loans, are also prohibited by the guideline.

"Stricter regulation is aimed at maintaining order in the leasing market, guiding the market in a stable direction and protecting tenant interests," said Hui Jianqiang, head of research at Beijing Zhongfang-Yanxie Technology Service Ltd. Li said the country is further improving leasing market development rules to ensure its healthy development in the long run.

The guideline also prohibited these enterprises from carrying out financial businesses in a disguised way, such as embedding housing rental consumption loans in the lease contract, use tenant's credit to obtain consumption loans or tempt tenants to use the loans.

There has already been significant improvement in the provision of rental housing and better tenant rights over the last few years, but there is still much more that needs to be done, industry observers said.

"We are a tenant of the Shanghai Tower office building," He said.

The program's targeted technology areas are automation, analytics, smart buildings, AI, facilities management, construction, tenant experience, customer engagement and sustainability.

A local resident, be it a homeowner or tenant, is eligible to apply for his or her children's admission into a US public school in the local district, but private schools are generally considered to be better.

Ocean Office Park (Block C) project represents the company's belief and has scored 95 points in a tenant satisfaction survey launched by BOMA China in October 2018.

Besides, the company has organized various activities for every tenant.

Any such claim by a tenant may require documentation.

So, to compensate for higher tax outgo, the landlord may pass on his burden to the tenant.

In effect, while saving on tax, the tenant may end up paying a higher rent, negating the purpose of the new policy.

"It's good to hear my tenant does not plan to apply for rent-related deduction.

"Hosting World Routes in China is a great fit, due to the fact the event is solely focused on route development, and route development is a key tenant of the 13th Five-Year Plan of China. "

No tenant terminated the lease earlier this year when a resurgence of COVID-19 cases hit parts of the country, said Sun.

Russia's state-backed Rostec State Corp, which promotes development, production and export of high-tech industrial products for civil and defense sectors, will be a significant tenant of the office space.