Many foreigners are looking to rent a property in Georgia, they may be looking to rent a house in Georgia to live in or rent a commercial property or office for their business. Foreigners can easily rent or mortgage real estate in Georgia in the shortest possible time without obtaining a residence in Georgia
Rent property in Georgia is very reasonable in terms of price, and if we want to tell you about the average rental prices for apartments in Tbilisi (the capital of Georgia), depending on the difference in quality and facilities for one-bedroom apartments per month is between 300 to 400 dollars and two rooms A sleep between $400 and $600 can be considered the price. It is necessary to know that the apartments in this country are rented with all equipment and furnished. It is customary in Georgia to pay rent in such a way that the tenant pays the first and last month's rent to the landlord at the time of the contract, and then pays rent for each month at the beginning of each month. The term of rent property in Georgia is usually one year, but it is possible to enter into short-term or long-term contracts through negotiation. Contracts are generally settled internally, and if a person wishes to register a lease with the Public Service Office, they can do so and pay a monthly fee of 5% of the rent. Of course, we always suggest that foreigners try to use real estate consultancy companies because they can arrange their contract more easily and there is a consultant next to him and another main reason is that the tenant does not have any costs to pay the real estate consultant to find a property for rent, and the payment of fees is the responsibility of the owner
Our consultants are ready to provide free advice on rent property in Georgia.
Mortgages in Georgia are done in two ways: In the first case, the mortgagee does not use the property: in this case, the owner receives an amount of money, and in order to receive this amount, he pays a certain interest on a monthly basis to the person who paid him for the mortgage of the property. In general, this can not be called a mortgage, and this is basically a kind of money borrowing with interest paid on the security of the property. The second case, the mortgagee uses the property: in this case, the owner, by receiving an agreed amount and without a monthly payment, allows the mortgagor to use the property for a certain period of time, after which the owner is obligated to return it. The full amount, and the mortgagee is obligated to vacate the property. Regarding the custom of mortgage rates in Georgia, we must say that since mortgages are very rare and the demand is relatively high, the rate ranges from one third to one half of the real property value. Also, the properties are usually mortgaged with all appliances and furnished. It is very important to note that the mortgage contract in Georgia is drawn up in official offices and according to the contract, the amount of the mortgage is written and credited to the owner's bank account. Also, the name of the mortgagee is mentioned along with the contract number on the title document, making it impossible for anyone to sell the mortgaged property without coordination from the mortgagee.
No, you do not need a residence permit to rent a property in Georgia and you can rent any property with a passport.
No, local rentals are also legally valid, but it is best to register your leases if possible.
The contract must be written in two languages, Georgian and the second language spoken by the person
Paying this tax is the responsibility of the landlord, but usually in the agreement and contract of the parties, this issue is the responsibility of the tenant.
Real estate companies usually receive one month's rent from the owner.
Real estate companies usually get six percent of the mortgage value equally from both sides of the deal