Rent Property in Georgia

Rent property in Georgia has been becoming more and more popular thanks to Georgia’s very stable economy during the past few years. With Georgia’s active property market, searching and finding your desired home to rent has never been easier. This advantage combined with Georgia’s vast options when it comes to property types has made the rental market very desirable for foreigners. Georgia’s affordable living expenses and friendly society are major benefits especially to students and expats who are considering to start their new chapter of life in this country.

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.

There isn’t a single mid-point when it comes to prices of rentals in this country but there are various elements and features that have a great impact on the price of average rent in Georgia such as:

• Location: if the property is located in a busy city such as Tbilisi, its price will also be expected to be much higher compared to a similar property in another less populated city.
• Property type: usually Villas and houses are more sought after and take more resources to build, therefore, they have a higher base price compared to flats and apartments.
• Size and bedrooms: the area size of the property as well as its bedroom count can significantly affect a property’s price regardless of its location.
• Amenities: some villas and houses come with private pools or gardens or even garages, these amenities will add to the property’s value depending on how extensive they have been built.

Rent apartment in Georgia is among the most popular methods to live in this country. Thanks to Georgia’s fast development, the housing market is always hot, one of the first steps to find an apartment for rent in Tbilisi 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 capital, some of its most popular districts are called, Saburtalo and Vake. The property rental prices in Georgia have been rising due to high demand.

Affordable apartments across the city still 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 a one-bedroom luxury apartment you can expect $1200, and a two-bedroom apartment can be as much as $2500.

Tbilisi is by far the most popular destination for expats and foreigners to rent apartment in Tbilisi. 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 that fall into different categories such as affordable studio apartments and high-end rental luxury apartments 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.

Flats and studio-type properties have also become popular due to the high demand of the market as well as students and expats who are coming to live in this country. Rent flat in Tbilisi can be a great option to consider since it has all the necessary appliances one would need to live alongside affordable prices compared to houses and villas. The average price as a whole for studio flats in Tbilisi is around $400, however, this price can change depending on the district in which you choose to rent property in Tbilisi, some districts have much higher prices and some are even cheaper than this average price we have provided. Rent an apartment in Tbilisi, especially the flat studio type is perfect for students or expats who are living here and can benefit from saving more of their resources.

Houses on the other hand are less in terms of quantity compared to flats and usually come at a much higher price but they also come with their own set of benefits, such as a large area size for your exclusive use only as well as more appliances and amenities compared to flats and apartments in Tbilisi for rent. Large families and those of us who value a more exclusive and private living environment can benefit greatly from the option of rent house in Tbilisi, especially since Tbilisi is the most Populus city in Georgia. If we want to have an average price for house rentals then it would be around $1500 a month, however, the price may fluctuate depending on the location size, interior and utilities of these houses in Tbilisi.

Villas are another popular option to both buy and rent 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 price to rent villa in Georgia, similar to 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:

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.

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.

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.