When renting property in Hungary, it is important to understand the typical lease term, the difference between furnished and unfurnished rental properties, the standard clauses included in lease agreements, and any additional clauses that may be included. Expats should also be aware of specific considerations when signing a lease contract in Hungary, as well as the requirements for letting agents.
Typical Lease Term in Hungary
The typical lease term in Hungary is 1 to 2 years, with the option to extend the lease by mutual agreement. Shorter-term leases, such as 6 months, are also available but may be more difficult to find.
Furnished vs Unfurnished Rental Properties in Hungary
In Hungary, rental properties are categorized into two types: furnished and unfurnished. Furnished rental properties come fully furnished with all necessary furniture, appliances, and household items. Unfurnished rental properties, on the other hand, are empty and do not include any furniture or household items.
Items Included in Furnished Rental Properties
Furnished rental properties in Hungary typically include all necessary furniture, such as beds, sofas, chairs, tables, and storage units. In addition, these properties also come with appliances, including a refrigerator, stove, oven, microwave, and washing machine. Household items such as linens, towels, and kitchenware may also be included in a furnished rental property.
Standard Clauses in a Lease Agreement in Hungary
The standard clauses in a lease agreement in Hungary include the following:
- Lease Term: The lease term specifies the length of time for which the property is being rented.
- Rent Payment: The lease agreement outlines the amount of rent to be paid each month and when it is due. It also specifies the consequences of late payment or non-payment of rent.
- Security Deposit: A security deposit is required when renting a property in Hungary. The lease agreement outlines the amount of the security deposit and the conditions under which it will be returned to the tenant.
- Maintenance and Repairs: The lease agreement specifies the responsibilities of the landlord and tenant when it comes to maintenance and repairs of the property.
- Subletting and Assigning the Lease: The lease agreement outlines whether or not the tenant is allowed to sublet or assign the lease to someone else.
- Termination of the Lease: The lease agreement specifies the conditions under which the lease can be terminated by either the landlord or the tenant.
Additional Clauses in a Lease Agreement in Hungary
In addition to the standard clauses, there may be additional clauses in a lease agreement in Hungary that are not mandatory. Some of these clauses may include:
- Pets: The lease agreement may include a clause outlining whether or not pets are allowed on the property.
- Renovations: The lease agreement may specify whether or not the tenant is allowed to make renovations or changes to the property.
- Utilities: The lease agreement may specify which utilities are included in the rent payment and which ones the tenant is responsible for paying.
- Parking: The lease agreement may include a clause outlining whether or not parking is available on the property and who is responsible for maintaining the parking area.
- Renewal of Lease: The lease agreement may include a clause outlining the process for renewing the lease at the end of the lease term.
Considerations for Expats Renting Property in Hungary
Expats should be aware that renting property in Hungary can be different from their home country. It is important to understand the cultural norms and customs of the local area, as well as the specific laws and regulations governing rental properties.
Expats should also be aware that it is important to thoroughly read and understand the terms of the lease agreement before signing it. They should make sure to ask any questions they have and to get any clarifications in writing.
Another consideration for expats is the language barrier. Hungarian is the primary language in Hungary, and some rental agreements may be in Hungarian. It is important for expats who do not speak Hungarian fluently to have a translation of the lease agreement done by a professional translator before signing it.
Expats should also be aware of the process for registering their address in Hungary. All individuals who reside in Hungary are required to register their address with the local authorities, and this registration is necessary for obtaining important documents such as a work permit or a visa.
Condition Reports for Rental Properties in Hungary
Condition reports are not common in Hungary before signing a lease agreement. However, it is recommended that the tenant do a walkthrough of the property with the landlord or letting agent before moving in to identify any issues or damages that are present.
Qualifications and Licenses for Letting Agents in Hungary
Letting agents in Hungary are not required to have a specific license in order to operate legally. However, it is important to work with a reputable agent who has experience and knowledge of the local rental market.
Reputable Associations or Organizations for Letting Agents in Hungary
There are several associations and organizations for real estate professionals in Hungary, including the Hungarian Real Estate Association (MAISZ) and the Hungarian Property Federation (MAFE). These organizations provide education and training opportunities for real estate professionals, as well as a code of ethics to ensure that agents are providing high-quality services to their clients.
Conclusion
Renting property in Hungary requires a thorough understanding of the typical lease terms, the difference between furnished and unfurnished rental properties, the standard clauses included in lease agreements, and any additional clauses that may be included. Expats should also be aware of specific considerations when signing a lease contract in Hungary, such as the potential for different cultural norms and the need to thoroughly read and understand the terms of the lease agreement.
While letting agents in Hungary are not required to have a specific license, it is important to work with a reputable agent who has experience and knowledge of the local rental market. By understanding these key factors, tenants can have a smooth and stress-free experience when renting property in Hungary.
