As mentioned before, when Gavin Lin rented a house in Hangzhou, he rented an entire yard from Tao Huasao, which had three rooms in total, one side room and two main rooms. The monthly rent was only twelve yuan, which was nothing compared to Gavin Lin's monthly income of more than two hundred and sixty French francs, and there was no such thing as a top fee.
But the situation is different in Shanghai. At this time in Shanghai, as long as it involves renting a house, the top fee is a matter that all tenants cannot escape. Simply put, as long as you rent a house in Shanghai, you must pay the top fee. It is simply a pipe dream to want to rent a house without paying the top fee.
The so-called top fee is the cost of topping the house, that is, the cost incurred in the process of transferring the right to lease a house. It is somewhat similar to the transfer fee that often has to be paid when leasing shops in society today, but it is not exactly the same.
The reason for this phenomenon is that Shanghai's economy is developed and a large number of outsiders have flocked in, causing a severe housing shortage in Shanghai. No matter whether it is the most upscale new-style alleys, garden houses or the lowest-end attics and shanties, it is difficult to find a house in Shanghai.
This has resulted in not only extremely high rental prices for houses in Shanghai, but also a capital fee that can be as low as thirty to forty times the monthly rental fee, or as high as a hundred times the monthly rental fee. The exact amount depends on the quality of the house and its location.
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