Recently, the Provident Fund no-deposit and direct rent payment service, cooperated by the Wuhan Housing Provident Fund Management Center and other departments, was officially launched in Wuhan, Hubei. Through the Provident Fund Exemption Service, eligible tenants only need to authorize the freezing of the balance of the Provident Fund account and deposit to replace a cash deposit. When returning the rent, the remaining deposit is automatically unfrozen after deducting the fees payable. According to information, the no-deposit and direct rent payment service launched this time will be piloted with 11 new joint investment youth stores in Wuhan as the core, covering about 15,000 properties. Tenants with a Wuhan Provident Fund account and meeting the relevant requirements can apply.

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