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.

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.

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.

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.

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.

Villas are another popular option for both renting and buying in Georgia. This mountainous country boasts stunning natural landscapes, and villas nestled amidst picturesque slopes offer an unforgettable experience. Whether you’re planning a family vacation, a getaway with friends, or even a long-term stay, Georgia’s villas cater to diverse needs. The rental price of a villa in Georgia, like apartments, depends on several factors. Location, size, construction type, and amenities all play a role in determining the final price. In Tbilisi, the capital city, villa rentals typically start at $1500 per month. The price increases based on the villa’s luxury, size, and location.

One of the concerns immigrants might have when moving to Georgia is the process of renting property. To avoid any difficulties, it’s crucial to have a thorough understanding of the rental process. This guide provides a detailed overview of renting property in Georgia, covering everything on the process of renting property in Georgia. To rent a property in Georgia, it is best to follow the following steps:

1. Determine your needs: First and foremost, while considering your budget and conditions, specify the type of property you intend to rent. Are you looking for an apartment or a luxury villa in the best location in the city? Is a studio apartment sufficient for your living needs, or do you need a 3-bedroom unit? How much can you afford to pay for rent? Determining these aspects will help you search more comfortably for the desired rental property.

2. Property search: You can search for properties through various methods. The best approach is to seek services from real estate consultants. However, for this, you need to first familiarize yourself with active real estate consultants in Georgia and research about them. Then, choose the most reliable and reputable one and ask them to find suitable options based on your conditions. Another common method for searching rental properties in Georgia is to use search engine websites. After selecting a few options that align with your requirements, coordinate with the owner or real estate agent and make sure to visit the property.

3. Contract signing: If you find the desired property, you can proceed to sign a contract with the owner. The typical rental period for properties in Georgia is usually one year, but short-term or longer-term contracts can also be agreed upon through negotiations. Contracts are generally prepared internally, and if the tenant wishes to register the lease agreement with the public service office, they can do so, and the owner must pay 5% of the rent amount as tax.

The laws and regulations for renting property in Georgia are straightforward and without complicated provisions. As per common practice, the tenant must pay the rent for the first and last months at the time of signing the contract, and subsequently, the monthly rent at the beginning of each month. However, some landlords may also request an amount equivalent to one month’s rent as a deposit to ensure the tenant’s responsible use of the property, which will be returned to the tenant at the end of the contract period.

If the owner wishes to terminate the contract earlier than the agreed date, they must provide one month’s notice in advance and also return the last month’s rent to the tenant. On the other hand, if the tenant wishes to terminate the contract earlier than the agreed date, they will forfeit the last month’s rent.

There is no specific document required for renting property in Georgia. If you are a foreign national and intend to rent a property in Georgia, presenting your passport as an identification document is sufficient. If you have Georgian residency, you can present your residency card as well.