Before you start signing a lease with the owner, make sure that the rental price offered to you corresponds to the average market value.
To find out the average market price for renting a room or apartment, consider factors that affect the price: center or outskirts of the city, presence of a school, a park area, hospitals, shopping centers, restaurants, floor on which it is located, is their building has an elevator (or Saturday elevator), whether apartment has recently been renovated. Compare rental prices with similar apartments.
In order not to waste time studying the intricacies of the issue of renting real estate in Israel, use our services. Our representative offices can be visited in such cities as: Netanya, Herzliya, Holon, Hadera, Rishon LeZion, Caesarea.
The easiest way to check the usual rental value is to contact a reliable company that specializes in real estate.
What to focus on when renting a room or apartment
Here are some of the main questions that you will have to face when concluding a lease agreement with the owner of an apartment in Israel:
- How long can you usually rent an apartment?
Most apartments are rented for a period of one year. The owner may want to return to his apartment, sell it or give it to his children. Therefore, if you are planning to rent for more than one year, do your best to be able to extend your lease beyond the original period.
- Who is responsible for paying utility bills and taxes?
In Israel, a tenant is responsible for paying municipal taxes (“Arnona”), water, electricity, house committee payments for telephone, cable and Internet services. Make sure that in your lease agreement, you aren’t responsible for special fees for building repairs or improvements. These payments are the responsibility of the owner.
What type of security must the tenant provide
There are several types of guarantees that are commonly used in the Israeli rental market:
- Bank guarantee: the bank will pay the entire amount indicated on the guarantee card to the owner of the apartment. When agreeing to this type of guarantee, it is important to remember that the guarantee can be paid off without the need to prove that the tenant has violated the rules of the lease agreement. In this case, the owner of the leased property is not obliged to inform the tenant that he is terminating the contract. Most often, a bank guarantee is given for a three-month rent.
- Promissory note: the owner of an apartment or room can implement the specified promissory note in execution, without the need to file a claim.
- Third party guarantees: in this case, the guarantors are put in the place of the tenant, which means that they undertake to comply with all the terms of the contract, as if they had signed the contract itself.
These guarantees protect the landlord if you leave the apartment before the end of the lease or if the apartment is damaged.
Also, be careful if you rent an apartment directly from a private person because you will be giving out your social security number and your bank account information to a complete stranger. It’s safer to work with a trusted company. Our company ASR Service Israel Real Estate helps Israel citizens and foreigners to rent a room or an entire apartment. We want to be needed and useful to you.
