The renting of property in Malta is a very straightforward procedure and properties are rented out on a Short Let or Long Let basis. Long let refers to properties being rented out for 6 months and over and short lets refers to properties being rented for less than 6 months. Tenants renting on a short let basis are usually charged more than long lets, while tenants renting on a long let basis are charged separately for water and electricity. Rental rates also vary depending on type of property, standard of furnishings and location. We recommend that you furnish your property before putting it on the market in order to achieve the highest rental income possible.
When we find a tenant for your property, introductions will be made with the prospective resident and if satisfactory, the signing of the lease will take place. The letting agreement will be drawn up and will include terms and conditions agreed upon by both owner and tenant. This agreement safeguards both parties’ interests including rights to possessions and method of rent payment. Rent is usually paid one month in advance and a refundable deposit, equal to one months’ rent, is lodged with the owner of the property as a form of security money. Once the tenancy is terminated, in accordance with the signed lease, this deposit is immediately refunded. This is charged in order to safeguard owners against tenants who do not honour the letting agreement.
Estate agency fees for a long let are equivalent to half a months’ rent while the fee for a short let is 10% of the total rental.
We also offer full service to owners after the let has taken place, with our Property Management service. For more information please refer to our Property Management section.
Useful tips when letting your property
- Interior decor and contents of the property will increase the price you can charge for your property
- Tastefully furnish and decorate the property according to latest trends in order to appeal to the widest possible audience
- Thoroughly clean a property between tenancies
- Keep gardens well maintained
- Leave instructions for all important items in the property. Example: main switches, appliance instructions etc.
- Protect furnishings. Example: glass on furniture tops and covers on seating
- Make an inventory list of all the items in your proper
see Selling Procedure or back to Selling or Renting your Property