'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
 

The Renting Process

5 Steps To The Rental Process In Malta

The Renting Process

If you have never leased a property before, the procedure may seem a little confusing at the beginning. Throughout the entire process from time to time, you may be left wondering what happens next. Our dedicated and friendly letting team is best positioned to guide you through every step of the decision making process. At Perry we continually strive to deliver exceptional and personal service which surpasses our clients expectations and try to use all our experience and market knowledge to reduce your stress level to the point of non-existence. To help you we have compiled a quick list of what to expect during the leasing process as a preliminary guide to rent property in Malta:

1. Shortlist suitable property: This refers to the initial hunt for suitable and available options. There is no better place to start than by getting onto our website and sifting through the number of listings in the area of your choice or if you are new to our Island send us an e-mail or contact us by phone so that we will be able to have a friendly chat and guide you on what property types and areas we think would be most suitable based on your particular circumstances and criteria. This will allow us to then send through some property details of what we think would be most suitable based on your feedback.

2. The Personal Visits: After deciding on a few possible options, one of our letting specialists will schedule an interesting program of inspection visits for you. The appointed consultant will collect you from your hotel or wherever would be most convenient and besides giving you a personal tour of the best quality property matching your criteria our agent will also give you a tour of the various sought after localities allowing you to make a sound decision on where you really want to live. While touring the various properties and communities take notes, and compare. Taking photos or better still video clips is also a great idea and would be extremely helpful in assisting you remember which of the properties had most appeal to you or which locality has the most amenities that fit your wants, and move forward with it.

3. The Offer: The next step in the leasing process should come along after you've compared and made the final decision on your top choice. At this stage it is best to consult your letting consultant who will be able to submit the offer on your behalf and who will be able to guide you on how negotiable the landlord may be. Certain things like the duration of the lease and rental payments in advance for example can bring down the asking price. Once we submit the offer all you can do now is wait till the landlord responds in most instances this would be in a matter of minutes or hours and you can move into the property that same day or usually the next day. It’s time to move on to step 4!

4. The Lease Signing: At this stage our letting specialist will give you specific directions in filling out our standard lease agreement and you would usually stop by our comfortable office to meet the landlord in person and fill out the lease document which is very straight forward and consists of no more than four pages and each page will require your initials or signature to prove that you have been made aware of everything in the lease. Bear in mind that the lease is a binding contract so it is crucial that you pay attention as our letting consultant goes over it with you. It is perfectly normal to let our agent know of any queries or concerns you may have or any article which you find to be unclear. That is your right. You will be given a full explanation and guided accordingly. You will also be given an original copy of the lease and inventory to take with you and keep for your records. At this stage you are required to pay the refundable deposit usually equivalent to one month rent plus a deposit for utility expenses namely water and electricity consumption as well as the first rental payment as well as our Real Estate fees which in Malta are equivalent to a months' rental plus 18% VAT - split equally between the landlord and tenant. Once the deposit, rental and Real Estate fees are paid it is time to move on.

5. The Move In: On the agreed move-in date, after the lease has been signed and required payments made you should be given two sets of keys and a remote to the garage if the property includes one and more than likely an inventory, listing all the items included in the property. Here you will want to do an initial walk through of your property. Look for any damage to walls, cracked windows or other irregularities that may have been caused by a previous tenant and went unnoticed. And bring it to your landlords’ attention so that you will not be held responsible at the termination of the agreement. Our team of professionals is also very well connected to help you move with ease by advising you on any other matters like setting up of internet TV and telephony connections and any other additional services you may require. It is finally time to enjoy your new home!

Click here to download our Guide to Renting in Malta PDF

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