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Renting Property

Gibraltar - Renting Property



As most new properties in Gibraltar are being built with the wealthier individual in mind, the rental market offers a lot of choice for the expat. There are very few properties which do not have a view of the sea and the quality of rental property available is generally very high.

Rental prices will depend on the exact location and quality of the property. There are several estate agents in Gibraltar that will be able to provide details of properties to help you find the ideal home. Properties available range from studio flats to large houses, so there is something to suit everybody. It is possible to rent both furnished and unfurnished properties.

There are a number of standard regulations when renting a property in Gibraltar. A deposit of between one and two month's rent is required and it is necessary to pay one month's rent in advance. Connecting utilities can be done by the estate agent or the tenant and there are deposits involved of around £60 for the water connection and £100 for the electricity. The estate agent can also arrange for the telephone to be connected. There is a deposit of £50 needed for this but it can be added to the first bill if preferred. Tenants should also be aware that references will be needed before an agreement can be signed.

Most tenancy agreements are for one year, although it is possible to have a shorter tenancy of six months. It is often fairly easy to renew if both landlord and tenant wish to do so. The tenancy agreement will set out the details of the agreement and should explain all the costs and obligations involved. Typical rents will vary depending on the size and location of the property, as well as the facilities that are included. A look at one or two websites of the local estate agents will give you an idea of what you might be expected to pay.

Some apartment complexes may incur extra charges for maintenance and there could be shared services, such as a laundry room or a cleaning service. Those who require domestic help should have no trouble finding somebody if a maid service is not included in the rental agreement, though it is wise to obtain references prior to hiring help.

Expats do not tend to keep themselves apart from the locals, particularly British expats. The friendliness of the local people makes it easy for expats to integrate into the community.






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