'The best name in Malta property'

 perry@perry.com.mt

Head Office: +356 21 31 0800

St. Julian's+356 21 31 0088
Valletta+356 21 31 0714
 

Landlords - Renting Process

Landlords Process

Step 1: Contact Us

Start by contacting us to book a free on-site visit and valuation of your property. Our residential and commercial letting department is one of the market leaders in quality rented accommodation from 1 bedroom apartments through to large fully detached villas and prestigious offices all over Malta. We strive to provide quality in everything we do and our dedicated, friendly and highly experienced team offers a professional and personal service to landlords. We need your property! Please contact the Perry Team today by clicking here or don’t lose any time and call us directly on 00356 21 31 0800 now! Alternatively request ringback here and we'll call you!

Step 2: Perry Team on-site visit

Once an appointment is made one or more of our Real Estate professionals will visit your property at a pre-arranged convenient date and time to discuss your rental and tenant requirements, fees for our services, a market competitive price and any other queries you may have. You will then have to sign Perry’s confirmation of instruction form to confirm that you would like us to market your property.

Step 3: Marketing the property

Once the terms and conditions are agreed upon we will take photographs of your property and fill in all the relevant property description details on our inspection form to be inputted on our database for marketing purposes. The property will be uploaded on our website immediately; it will also be visible on our portals within 48 hours and may be featured on our leading publication – “The Perry magazine” which is distributed with The Sunday Times and at other key locations such as the arrivals lounge of the Malta International Airport and various prestigious hotels besides our offices for maximum exposure.

Step 4: Prospective tenant viewings

Once our extensive marketing has begun for your property we will begin to generate immediate quality leads and you can expect our negotiators to be in regular contact with you to arrange client viewings. It is important that you make yourself easily contactable and available to grant access to the property. If you are very busy it may be a good idea to trust the keys to the property with someone you know as your main contact person for viewings like a neighbour or handyman or better still - register a spare set of keys with our office as viewings would often need to be arranged on short notice and you may lose out on a good tenant!

Step 5: The Offer

Once a client makes an offer on your property we will contact you immediately and most likely arrange a second viewing to allow you to meet the prospective tenant properly especially of you may not have been available to meet the tenant in person during the first viewing. We will guide you to determine whether the offer is in line with current market trends. Upon acceptance of an offer we will then take a one month holding deposit from the potential tenant and schedule a meeting for the signing of the lease agreement.

Step 6: The lease signing

We usually set up a meeting for the signing of the lease at our comfortable offices. A private meeting room will be set up for this purpose where you will be introduced to the tenant. Our letting expert will draw up the lease agreement with all mandatory provisions and fill in the relevant details of the landlord and tenant. In Malta residential lease agreements are freely negotiated between landlord and tenant and usually quite straight forward. The nature of the lease is purely contractual and takes the form of a private writing. The terms and conditions are left at the discretion of you (the landlord) and the tenant to agree upon however our letting consultant will be on hand to give professional advice on what is standard practice on each matter that may arise. After the lease signing the tenant would then be required to pay the first rent and deposit if this would not have already been paid as a holding deposit in the previous stage and you will be required to pay your share our Real Estate fees being equivalent to half a month’s rent plus VAT (18%) against which we will issue a VAT receipt. Finally it is time to move on to the final stage!

Step 7- The hand over

Once all paperwork is completed, you would be required to hand over 2 full sets of keys to the tenant and the tenancy starts. We arrange a full inventory check to be carried out usually in the presence of one of our representatives. One full set of keys is usually retained by you - the landlord in case of an emergency and we will also take the water and electricity meter readings to be filled in the relevant section of our standard lease agreement. It is advisable to download a request for an “up to date bill” immediately from the Enemalta Forms section of the water and electricity services corporation website, please find quick link to this section below:

http://www.enemalta.com.mt/index.aspx?cat=2&art=5&art1=58

Once an application for an up to date bill is submitted then you will be able to clear all pending utility bills up to the commencement date of the lease and all future bills will be conveniently issued from the date of commencement onwards for you to be able to forward these to the tenant who is required by the lease agreement to settle payment without delay. When the lease is signed for a very long duration then some landlords also opt to submit a “change of use form” to the water and electricity corporation in order to change the billing name to that of the tenant in which case the tenant will receive bills directly in his/her name and is required to settle bills directly with the corporation.

FOR AN MORE INFORMATION ON THE LETTING PROCESS PLEASE DO NOT HESITATE TO CONTACT OUR OFFICES UNDER NO OBLIGATION.