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Long-term rental of real estate: the best way to get to know a new country?

Long-term rental of real estate: the best way to get to know a new country?

Long-term rental of real estate: the best way to get to know a new country?
  • Why is long-term rental of property abroad a sensible choice?
  • What is long-term rental and how to arrange it?

Long-term rental of real estate abroad

Renting a long-term residence in a foreign country is an excellent option for those who plan to become property owners in their chosen region in the future. For example, one can start by living in a specific city for a year and then move to another one or enjoy different neighborhoods of a large metropolis.

When it comes to short-term rentals for a few weeks, it's important to understand that this type of accommodation may not allow you to fully assess all aspects of life in a new place. For example, in winter, you might face challenges related to heating, in spring, constant rain can lead to puddles on the streets and increased humidity in the apartments, and in summer, having an air conditioner becomes essential for comfortable living.

That’s why many people are advised to spend at least a full year living in a new country and renting a place before making any conclusions about buying property.

Advantages of long-term rental

Long-term rental offers the opportunity to immerse oneself in a new lifestyle. For example, if a person is used to living in an apartment, transitioning to renting a house can be an unexpected experience:

  • Care for private property.
  • Increase in related expenses.
  • The advantages of living in a house: clean air, more space, a private garden or pool.
  • The absence of noisy neighbors.

For this reason, most real estate agencies advise their clients to seriously consider long-term rentals before making a final decision on purchasing a country home.

Understanding needs and choosing housing

It is also important to remember that such rental arrangements provide an opportunity to better understand which area and type of housing you want to purchase. This will also help save time on gathering the documents needed for obtaining a visa or residency status. For example, you might encounter a situation where you lack the funds to meet the minimum housing cost requirements for obtaining a visa.

Recent changes in the rental sector

Moreover, it is worth noting the recent changes in the rental sector: platforms like Airbnb and Booking have suspended their operations in Russia and Belarus, as well as restricted booking options for users from these countries. As a result, for citizens of Russia and Belarus, long-term rental of foreign properties remains the main option, with some exceptions.

This opens up new opportunities for those who intend to explore different ways of living and adapt to new conditions before making decisions about purchasing real estate abroad. Now, more than ever, it is relevant to test various living options to understand what best suits your lifestyle and needs.

Long-term rental: what does it mean?

In different countries around the world, such an important aspect as long-term rental is subject to strict regulations, where the minimum rental period often starts at one year or exceeds it. The rental agreement provides clear information on all aspects of the obligations of both the tenant and the landlord, which creates a certain level of trust and convenience for both parties.

At the same time, each country has its own rules and peculiarities, which makes it advisable to seek help from a reputable real estateagency with the appropriate experience in the local market to simplify the task of finding housing.

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The professional services of a realtor will allow you to settle on the most suitable option, avoiding encounters with unreliable landlords, who, unfortunately, are present in the rental market. Although the work of such specialists is not free and may reduce the chances of finding the most advantageous offer, the process will be safer, helping to eliminate suboptimal situations with problematic and less scrupulous property owners.

Conditions for drafting a contract in Bulgaria

In Bulgaria, the process of formalizing a long-term rental agreement includes the following key aspects:

  • In a long-term rental, a contract is signed for one year or more.
  • The tenant is required to make a deposit, which usually amounts to the cost of two months' rent.
  • A detailed report on the condition of the property is being prepared, including photographs and a complete description of the object.
  • The deposit is refundable if the rental period ends and the property is returned in the same condition as it was at the time of check-in, with no outstanding debts for rent or utilities.
  • If the contract term exceeds one year, it must be in writing and registered in a special registry.

The incorrect entry of the contract in the registry, but its notarization makes it valid within the timeframe established by law, but no more than one year. The minimum rental price for a studio in Bulgaria starts from200 euros per monththat makes housing affordable for the budgets of many tenants.

Rental rules in Turkey

In Turkey, the rental rules are distinguished by a law that guarantees that onlylicensed real estate agenciesThey can offer their services in this market. These organizations are required to register all tenants in a special online system that ensures security, which is accessible through local police departments or gendarmerie.

To access the company's system, you need to provide your license, a management contract, and a copy of the ownership document. This rule promotes a high level of legality and reliability in the rental process.

Conclusion

Thus, long-term rental serves as an effective and safe solution for those seeking comfortable housing, provided that all legal norms and transaction conditions are met. The involvement of qualified specialists in this process significantly reduces the risks of conflicts and ensures convenience for all rental participants.

Therefore, renting a property for a long term requires careful preparation and an understanding of all obligations to avoid potential misunderstandings.

Long-term rental of real estate: the best way to get to know a new country?

Introduction

In conclusion, I want to emphasize that long-term rental of property is not only a preferred but also a sensible step for those planning their life in another country. This form of rental opens up many opportunities for a deeper understanding of local conditions and culture, allowing one to avoid many unpleasant surprises associated with short-term stays.

Advantages of long-term rental

When deciding on the location of a future purchase, it's important to take the time to study not only the property itself but also the neighborhood where it is located, as well as the local infrastructure, climate characteristics, and lifestyle.

Additionally, a trial period can significantly ease the process of choosing suitable housing.

  • Living in different neighborhoods or even cities throughout the year can open up new horizons.
  • This will help you make a conscious choice that will later affect your quality of life.

Adaptation and responsibilities

Considering the recent changes in the rental market in Russia and Belarus,long-term rentalIt is becoming not just an alternative, but possibly the only available option. This allows for the preservation of reliability and stability, which, in turn, will help in preparing the necessary documentation for obtaining residence permits or purchasing real estate.

The role of professionals

Finally, by turning to professionals – realtors and agencies – you will not only gain access to the best offers on the market, but also be able to avoid unwanted complications with unreasonable landlords. All of this will ultimately give you more confidence and peace of mind when making the important decision to purchase property abroad.

Conclusion

Choosing the right path is exactly what will lead to successful integration into a new country and its culture.

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