Housing, Office and Factory Rental
Housing and office space is available for rent, generally as units within apartment buildings. Office space rents are US$12-16 per square meter per month and are available through almost every state agency and through contacting owners of office buildings. Because Mongolia’s manufacturing base is relatively small, factory space is limited and often do not fully satisfy the needs of a foreign company. The terms of the lease, including duration, payment arrangements and other details are usually negotiated on a case-by-case basis. Leases are generally for one year, with rent paid quarterly or at the end of each month. No deposit is required, but if a lease is broken, the lessee is responsible for paying rent until a new lessee is found.
Other alternatives including leasing land and building one’s own housing or office space, leasing government or private owned apartments, or, for the true Mongolian experience, living in a “ger”.
Entry filed under: House/Office Rental.