Rent property in Georgia

Renting property in Georgia has been becoming more and more popular thanks to Georgia’s very stable economy during the past few years. Investors as well as homebuyers have been buying properties to put them for lease as well as just straight up renting them themselves, it is very difficult to find any Georgian houses up for rent which are not furnished so this can be a major advantage compared to many other European countries. Stay with us to learn more about renting property in Georgia.

Most contracts are handled by the parties involved. However, if the tenant wants to file the lease with the Public Utilities Office, they may, but the owner will have to pay a tax equal to 5% of the rent.

When dealing with foreigners, we always tell them to use real estate companies because they can make the contract safer. Another big reason to use a real estate agent is that the tenant doesn’t have to pay any fees—the owner or lessor or renter pays the fee.

SisnoGroup consultants are ready to provide you with free consultation for rent property in Georgia.

Property Rental Price in Georgia

Renting property in Georgia is more affordable than many other countries. Rental prices for high-quality one-bedroom apartments with different amenities in good urban areas of Tbilisi, Georgia’s capital, range from 600 to 1,000 dollars per month. Rental prices for high-quality two-bedroom apartments with different amenities range from 700 to 1,400 dollars per month.

In this country, people rent apartments that come with all the necessary equipment and furniture. Standard practice says that the tenant should pay the owner the rent for the first and last month when he signs the lease. After that, he pays the rent for each month at the start of each month.

Of course, some landlords ask for one month’s rent from the tenant as a guarantee that the furniture will be taken care of and then give it back to the tenant at the end of the lease. The standard length of a property lease in Georgia is one year, but shorter or longer agreements can be made through negotiation.

Property Mortgage in Georgia

In Georgia, there are two ways to get a mortgage on a house:

In the first case, the mortgagor doesn’t use the property. In this situation, the owner gets paid and pays interest every month to the person who paid him to take the property deed as a mortgage. In general, this is not what you would call a mortgage. Instead, it is a way to borrow money and pay interest by collateralizing the property.

In the second case, the borrower uses the house as collateral. In this case, the owner lets the mortgagor use the property for a certain amount of time in exchange for the agreed-upon amount and without receiving any monthly payments. After that time, the owner has to return all the money and the mortgagor has to leave the property.

This type of mortgage is very rare in Georgia, so it costs a lot and the rate is about one-third to one-half of the home’s real value. Also, properties are usually mortgaged with all of their appliances and furniture included.

Notaries are the official people in Georgia who sign real estate mortgage contracts. The mortgage amount is written in GEL and must be deposited into the owner’s bank account. The property document also has the contract number and the name of the mortgagor written on it. This way, the mortgaged property can’t be sold without the mortgagor’s permission.

Rent apartment in Georgia

Renting an apartment in Georgia, Tbilisi is among the most popular ways to live here. Thanks to Georgia’s fast development the housing market is always hot, one of the first steps to find an apartment for rent in Georgia is to know what type of apartment you are looking for based on your budget and preference.

Tbilisi is the most populous city in Georgia as well as being its capitol, some of its most popular districts are called, Saburtalo and Vake. The property rental prices in Georgia has been rising due to high demand, below there is an explanation of popular districts in Tbilisi and the average prices for them.

The prices of rental apartments in Tbilisi may differ based on the apartment complex building company and its interior designs, because as we know, almost every apartment for rent in Georgia is furnished when being rented. The average price of rental apartments in Saburtalo is $700, $1125 in Vake, $525 in Ortachala, $700 in Bagebi, $490 in Didi Dighomi, $575 in Dighomi, $725-$775 in Lisi and $525 in Isani district. Of course, there are other types of apartments which falls into different categories such as affordable studio apartments and high-end rental luxury apartments in Georgia.

affordable apartments across the city still do have different prices based on their location and interior designs, but they are also a great option for students who live alone or individuals who live by themselves.

As for rental luxury apartments in Tbilisi, mainly the most popular districts are the sweet spots for such apartments, Saburtalo and Vake. In Saburtalo for a one bedroom luxury apartment you can expect $900 and for a two bedroom one the expected price is around $1200, although this price can go much higher depending on the design of the apartment and added number of bedrooms. As in Vake, for one bedroom luxury apartment you can expect $1200, and a two bedroom apartment can be as much as $2500.