Rental guide

Rental guide

 
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Make your property rental experience as straightforward as possible with our rental guide.

 

Property search

Before you begin your property search, you need to decide which locations work for you. Do you need to be close to your workplace, school, public transport? Is being close to the sea a priority? Should you be within walking distance of a grocery store?

You also need to decide what kind of property you want. Most rentals are apartments, penthouses, and maisonettes, but of course, the rental market also caters to other types of properties. A family might consider a house of character or townhouse with own garden. Make sure you know how many bedrooms you require, and any additional details such as laundry room, outdoor space, lift, air-conditioner, etc.

How long will you need the rental property? Keep in mind that a lease shorter than 6 months is considered a short let, and some landlords may not be comfortable with this.

Finally, consider what budget makes sense for you. It’s helpful to set your budget as a range.

Once you have all the details of your requirements, you can begin your search. Make the process easy for you by engaging the services of a letting agent.

Making an offer

Your rental agent will help you out through the process of making an offer. Because the rental market in Malta is quite fast-paced, you should find out if your offer is accepted in a short amount of time. However, the down side to this is that sometimes a rental property that you are considering could be taken off the market swiftly before you’ve made a decision. Your agent will advise you in these cases.

Once your offer is accepted, you will be asked to put down a deposit on the rental. Usually, this is equivalent to one month’s rent. Make sure to find out the payment terms, how your rent should be paid, and how often.

Financial considerations

  • Monthly rent
  • Deposit (one month’s rent)
  • If you are bringing a pet, the landlord may require a larger deposit, and/or pet insurance on your part.
  • Agent’s fee (equivalent to half of one month’s rent, plus VAT)
  • Utility fees (power & water) some landlords charge a fixed fee, others charge according to consumption.
  • Additional fees (television, wifi, additional services)

Contract

The rental contract will set down the terms of the lease. Rent, deposit, charges, term, and any other conditions will be included. Make sure to get an inventory of all the items and appliances included in the property, and spend some time checking that it is correct. It also helps to take photos of the property when you move in, to have a record of its condition.

Note that subletting in Malta is not common, and some landlords may not be comfortable with it.

 

New Rent Regulation

Rental contracts will now be subject to rule of law as of 1st January 2020. All long term (1 year+) leases will have to be registered, and the terms of the lease have to be disclosed.