Sunday, 2024 February 25

CHINA BRIEF | Danke Apartment landlords unable to receive rent on time

Beijing-based online rental company Danke Apartment has made it clear that the company is unable to pay its landlords on time by offering them three options to waive part of the rent, according to a Thursday post on its official Weibo account.

Danke, which leases properties from owners and rents out to new tenants, said landlords can choose to waive the one-month rent for the time being and wait for the money to be returned when their contracts end, or wait for the money to be repaid in installments before their contracts end.

For the last option, if landlords can “support Danke” by waiving a half-month rent, Danke will pay the other half-month rent 15 days after the original due date.

These new measures come after Danke’s nearly month-long dispute with landlords amid the coronavirus outbreak triggered a government inquiry into its rent financing model.

This article is part of KrASIA’s “China Brief” section, where KrASIA’s reporters will provide quick daily updates about the tech ecosystem in China.

Jingli Song
Jingli Song
I believe Chinese innovation at various level needs to be known by the world.

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