What do you need to know when renting an apartment?

Are you planning to rent an apartment but don't know where to start? Renting an apartment may seem simple, but without careful preparation, misunderstandings, unnecessary expenses and even legal complications can arise. This article summarises the main things you need to know before signing a rental agreement.

1. Assess your needs and budget

Before you start looking, define what kind of apartment you want to rent – how many rooms you need, what location is suitable, whether you want a furnished home and what your rental budget is.
Include total costs in your calculations – utility bills, maintenance costs, electricity and security deposit. If you want a more flexible solution, you can also consider apartments with purchase rights.

2. Check the rental agreement

The agreement is your security. It must clearly state:

• the rental period and payment terms;
• the amount of the deposit and the terms of its return;
• the parties' responsibility for repairs and damage;
• the terms of termination of the agreement.

If you are unsure about the terms of the contract, consult a lawyer before signing it, especially in cases involving an apartment with a purchase option.

3. Protect your property with renters’ insurance

When living in rented accommodation, your responsibilities do not end with paying the rent. Damage from water leaks, fire or theft can cause significant losses. To avoid them, it is worth considering renters’ insurance.

BTA renters’ insurance offers:

• property protection (against theft, fire, flooding and other damage and other risks);
• third-party liability – if you accidentally damage property or cause damage to neighbours;
• home assistance – help from a plumber, electrician, locksmith or other specialist in case of unforeseen situations.

BTA offers the "Necessary" and "Optimal" plans, which allow you to tailor your coverage to your specific needs – with insurance amounts ranging from €5,000 to €15,000.

Find out more: BTA renters insurance

4. Check the condition of the property

Before saying "I want to rent an apartment", check the property carefully:

• make sure that the windows, doors, electricity and plumbing are ok;
• take photos of the apartment and furniture to record its initial condition;
• attach the inventory list to the rental agreement as an appendix – this will protect you from unjustified claims at the end of the agreement.

5. Make sure you have a reliable landlord

Ask the landlord to show you the property ownership documents and agree on the payment procedure – it is best if it is made by bank transfer rather than in cash.
Many landlords appreciate it when renters’ have tenant insurance, as it protects both parties – you and the owner.

6. Check the neighbourhood

Don't forget to think about what's outside the apartment. Is access to schools or nurseries important to you? Do you want to be able to quickly pop to the shops, or do you plan to drive everywhere? What about public transport accessibility? These factors can also affect your satisfaction with the apartment you choose.

In conclusion

If you have decided that you want to rent an apartment, remember that security and clear rules are the basis for a successful rental.
Review the contract, check the condition of the property and don't forget about renters’ insurance, which will protect your property and liability in case of unforeseen circumstances.

Find out about BTA renters insurance and ensure yourself a peaceful life in your rented home!