Guide to Letting Property in Malta
Renting property in Malta is simple.
Non-residents arriving in Malta on a job placement, to live or retire on the island, can rent any property they like. Rental rates are still fair though increasing. They also vary greatly according to locality, type of property, furnishings standard and length of occupancy. Generally rental properties are fully furnished with all appliances and fittings.
Most of the time, the advertised rental rate does not include Internet and TV cable, or water and electricity. For long-term letting in Malta of six months and more, the person leasing the property pays all the costs depending on choice of service.
Properties for letting in Malta and Gozo come in a wide variety in all locations on the islands. These are for all budgets, lifestyles and tastes. The Inner Harbour area such as Sliema, Swieqi, Msida and St Julian’s are most popular with people who intend working in Malta.
A peaceful island experience
For those who want to get away from the city hustle and bustle, the South, or Western areas of Malta offer a more peaceful island experience. Gozo, is much smaller though it provides a large number of dwellings. It is ideal for holiday breaks as well as being a favourite retirement destination. Both Malta and Gozo also have a vibrant nightlife and many rocky and sandy beaches.
There is a range of apartments town houses and higher-end homes for example detached villas and bungalows with large pool and garden areas.
A Guarantee on Full Transparency
There are also no hidden costs when renting a home just the standard estate agents’ rate of 50% of a months’ rent, plus VAT. A deposit equal to a single month’s rent is paid to the property owner as a guarantee.The deposit is returned to the lessee at the end of the rental period, or kept to cover pending bills or damage to property and furnishings, as agreed in the contract.
Step by Step guide for Letting Property in Malta
Our letting team is highly skilled at offering top quality properties to clients, from the latest sea front penthouses to lovely old houses of character. We offer a tailor-made service created to make renting a home or office as easy as possible.
1st Step – Getting in touch
Your first step to finding the right property in Malta for you is to get in touch with us by calling, emailing or visiting our office.
2nd Step – Finding the Appropriate Property
After we get a clear picture of what your specific needs are, we will provide a shortlist of properties, which match those needs. In such a fast-paced rental market, we will also keep you updated via email and SMS alerts when new properties become available.
3rd Step – Going on viewings
We are ready to show you a property at any time. This is ideal for viewings after work, during weekends and on public holidays. Good properties are going fast, so we strongly suggest early viewings to increase your chances of obtaining your perfect property. We will take you to your property viewing and back to make the experience more comfortable. We will do our best to answer all your questions instantly offering advice where necessary.
4th Step – Making a bid
After you have found the right property, your agent will guide you if you wish to negotiate price and conditions of the contract with the property owner, or landlord and what references to offer. Your agent will give your offer to the landlord and make sure it is accepted
5th Step – Agreeing
Once we have successfully negotiated on your behalf and the landlord finds your bid and conditions acceptable, we shall arrange the following;
- Pick references from the referees you have presented (if the property owner requests them)
- Organise a meeting for the signature of the Tenancy Agreement.
- Collect your payment for the 1st month’s rent payable in advance, the guarantee/deposit and our agency fees.
6th Step – Moving in
Once this is done, the owner will hand over the keys to your new home or office. If your property is supervised by a property manager, you will be given the contact information needed. Our services do not stop here, however. If you need any help settling in, your agent is just a call away. We do not see our clients as numbers, but new friends.
Best wishes…You can now move in!
In what other way can we assist ?
Whether you are a Maltese resident or not, moving to a new country, setting up a business or relocating with your family can be stressful. At Island Properties, we understand this so we present a dedicated team of knowledge able consultants who are able and willing to provide the necessary information and connections to make your move as stress-free as possible. We can also help you organize and manage any services you may need.
If you are renting incomplete or unfurnished property, we can help you complete your future home, via our consultancy service for home interiors.
If you are setting up a new business venture in Malta, we can also advise you on this process. Our legal as well as financial associates, provide professional taxation and legal services… Meanwhile, we will help you find the ideal office premises in the best location for your business.
You can benefit from our experience and let us finish your office area to the highest standards.