Renting: Rental agreements in Romania are usually prepared by your real estate agent and are rarely notarized. Standard lease/rental it could be written in two languages - Romanian and English. Contracts are relatively short, but the terms may vary, so please read carefully before you sign. In Bucharest the rental terms are usually standard starting from one year all the way to three-five years if notarized. An early termination is easy. It requires only a one month notice to either the landlord or the tenant. Most landlords are individuals, and standard rental terms and conditions are favorable for a tenant. Landlords usually insist on a right to inspect the property on a regular basis; usually with a notification in advanced. Rent is always denominated in Euros and is usually paid monthly or quarterly. Longer down payments are made to reduce the monthly rent. Rental payment in cash is still very common. However, many landlords accept direct deposit in either Romanian or Euro account. One-month rent security deposit is required by most of the landlords in Romania. However, we recommend ensuring that the rental contract allows you to apply it toward the last month rent as there is no procedure to assess damages nor outstanding bills and guarantee fair security deposit return.
Landlord's Paperwork: The peculiarity of the Romanian real estate legislation is not supported. So, the property ownership right and the right of rental use are completely separate. If you do not own the property, based on the registered Renting Contract you have the right to use it. The length of the flat is considered as temporary registration and it's indicated in the Renting Contract... read more >>> http://www.immobil4u.eu/en/R_T&C.html |
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