Three (3) steps to rent out a property long term in Malta.
Step 1: Setting an appointment
Once you have contacted us, we would set an appointment and one of our consultants would meet you and show you around. You might fall in love with a property first time round and decide to rent it out or you may wish to source further. In that case another appointment would be rescheduled at the earliest. Time is of the essence in this fast moving business and we would not wish to see you disappointed by missing out on a good property.
Step 2: Securing the property
To secure a property, it is usual practice to put down a deposit equal to the first month's rent, either with us or with the owner and to sign a contract and move in within a few days. If for any particular reason you are looking to relocate in later than a month's time, it would be very important to let us know immediately as some owners are not prepared to wait for longer periods without collecting rent. Other owners may be more lenient; however waiting periods would not normally exceed one month.
Step 3: Signing an agreement
The contract itself is usually very straightforward. We would be acting as both your agent and witness to the agreement. To sign an agreement you would be asked to bring along your passport or ID card. Financially you would need the equivalent of one month's rent as deposit, one month's rent in advance, and half a month's rent plus 18% VAT as the normal estate agency commission. The deposit is refundable on the last day of your contract after the property would have been inspected and found to be in the same condition, except for fair wear and tear, as on the day you would have moved into the property. All utility bills must also be paid to the last day; otherwise this amount would be deducted from the deposit.
Dhalia is dedicated to offering a professional customer service; each letting consultant is professionally and highly trained to deal with every customer’s requirements. This includes viewings, sourcing the appropriate properties, providing valuations and also facilitating negotiations.