How to rent out an apartment correctly

How to rent out an apartment: preparing the housing

In order to take a responsible approach, before renting out your housing, it is important to pay attention to several crucial points that determine the success of the process.

Prepare the housing

It is recommended to consider making cosmetic repairs to the housing before you rent it out. The condition of the housing has a significant impact on rental fee, and renovated premises may attract more potential tenants.

If you do not have the time or resources to renovate, be sure to tell future tenants about any shortcomings. Most people searching for housing are willing to tackle repairs or fix minor defects in the apartment on their own.

If there are power outages or problems with the quality of water supply in the neighbourhood, do not hide this information. Honesty in describing possible problems will help avoid misunderstandings and ensure long-term relationships with tenants.

Do not be afraid to pay attention to such points – it can be a determining factor for housing seekers.

Before handing over the property to new tenants, make sure to clean the apartment, fix minor breakages and clear the premises of unnecessary rubbish. This is not only a matter of aesthetics, but also a matter of basic respect for future residents. A clean and tidy home will create a positive first impression, which will contribute to a quick and successful rent.

Place an effective advertisement

An important step in renting out an apartment is a quality advertisement. High quality photos, detailed descriptions and comprehensive information about the rental conditions will definitely attract the attention of future tenants.

An effective advertisement for renting out an apartment does not only require a clear description, but also a visual component. Add a large number of photos – this will make the choice much easier and will help future tenants to evaluate the premises even before a personal visit.

• General photos of the apartment will help you get an idea of its size and layout.
• Close-up photos will provide a detailed view of furniture, appliances and other important items.

Images of the housing should not only show the condition of the premises, but also be of high quality without shadows, blurring or excessive light glare. Multi-size and detailed photos will make the advertisement as informative and attractive as possible, helping you to rent out your apartment faster.

How to properly rent out an apartment: preparing the documents

Before renting out an apartment, it is important to prepare documents to ensure legal transparency and mutual understanding between the owner and the tenant.

• Rent contract
  The final step in renting out an apartment is to conclude a rent contract. If the rent term is less than three years, it can be drawn up without notarisation. The contract should detail the rights and obligations of both parties, including when and how much rent is due. An official rent provides you with security and requires you to pay taxes.
  It is important to have a full list of documents for the property (Extract from the State Register of Property Rights). Tenants may ask for them to verify that you are the true owner of the property.
• Utility services contracts and receipts
  Additionally, you should have utility services contracts and recent receipts. This will allow tenants to verify payments and agree on when and how utilities will be paid. Clearly agreed terms and conditions are an important element of establishing order when renting out a property.

How to officially rent out an apartment

Renting out an apartment is a responsible step that requires not only attention when choosing a tenant, but also compliance with certain legislative and legal aspects.

1. Taxation
   If you officially rent out an apartment, you must pay tax. The tax consists of 18% of personal income tax and 1.5% of military levy. This provides you with additional guarantees and the possibility of resolving conflicts through the court.
2. Security deposit
   One of the usual practical aspects of renting out an apartment is taking a deposit, which is usually equal to one-month rent. For additional protection, a deposit of 2-3 monthly instalments may be taken, particularly if there are certain onerous circumstances (e.g., future tenants move in with children or animals).

The conditions for returning the security deposit should be clearly defined in the contract specifying the condition of the apartment at the time of moving out, compensation for possible damages, and a prescribed procedure for returning the security deposit to the tenants if the conditions of the contract are fulfilled.

By ensuring fair terms and conditions and complying with legal requirements, you can rent out your apartment.

How to formalise a rent contact

The rent contract defines the mutual obligations of the owner and the tenant, which regulate the right to live in the apartment for a fixed fee. Signing such a contract is a necessary step that provides protection to the owner from possible unscrupulous tenants and guarantees the tenant’s right to a comfortable stay.

The rent contract should contain basic parameters such as the cost and terms of the rent, the personal details of the tenant and the landlord, as well as clearly defined rights and obligations of both parties. In case of a long-term lease, it is important to specify its term, otherwise it is considered to be five years.

Renting out an apartment is not only a way to generate additional income, but also a responsible process that requires careful preparation and compliance with the law. By heeding the recommendations on how to prepare the property, effectively place an advertisement and formalise a rent contract, the owner will be able to maximise the protection of his interests and provide tenants with a comfortable stay.