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Letting A Property

Long Lets

» Standard Procedures

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Standard Procedures

The term `Long Let` generally refers to a rental of no less than 6 months. Rents on long lets are generally lower and more advantageous to the lessee.

Long Let agreements require a security deposit usually equivalent to one month`s rent and the rent is paid generally monthly or quarterly in advance. These conditions can change depending on what has been agreed between the Lessor and the Lessee.

Rent is generally paid directly to the landlord or in some cases to the agency depending on the landlord’s wish. Payment of rent is nowadays also commonly done via internet banking.
» General Contract Conditions

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General Contract Conditions

The Lessee enters into a rental contract that binds him/her to a stipulated period of time usually exceeding 6 months. The contract will list general conditions that safeguard both the Lessor as well as the Lessee, specific clauses can sometimes be included depending on the agreement between both parties. Some standard clauses usually include prohibiting the Lessee from subletting the property and from keeping pets in the premises.
» Commissions

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Commissions

Agency fees are paid by both parties. This fee is equivalent to 50% + VAT of the first month’s rent. This is paid by both the Lessor as well as the Lessee. The fee is only paid once regardless of the duration of the lease, and is non-refundable.
FAQ's
FAQ's

As one of the pioneers in the rental property market, our company boasts a comprehensive database of quality rental properties in the most sought after parts of the island.

There were times when properties with quality interiors and stylish furnishings where nearly impossible to come by, whereas nowadays investors have realised that in order to beat off their competition, quality in design and furnishings are a must.

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