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Renting Property

Czech Republic - Renting Property

Rental property is in short supply, especially in Prague's more desirable neighborhoods. It is important to contact a reputable real estate agency that is familiar with the rental market in the area you select. You can expect to pay the agency either a fixed sum for mediation or the equivalent of a month's rent or a portion thereof.

The rental-housing situation is rather complicated. Landlords may be individuals or corporate entities. Apartments and flats fall under one legal category, while houses fall under a separate legal category.

It is crucial to enter into a rental agreement with a valid occupational lease within which every single detail of the lease is clearly specified in writing. It is strongly advised that the prospective renter engage a solicitor to ensure the lease is accurate and that it provides him/her with full protection under the complex laws governing property rental.

It is not unheard of for landlords negotiating with foreigners to request up to six months rent in advance, in addition to a security deposit. Generally however, rents are paid monthly, often via automated bank withdrawal.

Leases that are inclusive of utilities are not uncommon. In that event, advance payments are set by the landlord depending upon the number of occupants and estimated consumption. Occasionally the advance payments for services may be based upon the square footage of the residence.

Most foreigners rent through the "free market", as opposed to controlled-rent units that are strictly regulated by the government. Free market rentals are generally much more expensive but may be the only available option, as the desirable lower-cost controlled rent units are usually occupied long term by Czech citizens.

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