Renting Long-term Apartments (Flats) in Kiev
Renting a long-term apartment for rent in Kiev without knowledge can be time consuming and expensive. Searching online with terms such as “apartments for rent in Kiev” will often times mislead you to websites that deal only with daily and weekly rental rates. Within the sphere of apartment rentals, there are always expensive and less expensive options. To assist you in making the right decision, we’ve put together this article to help you navigate through the market and find what is best for you and your budget.
Don’t be Fooled
A Google search in English for “apartment rentals in Kiev” will almost always result in websites that service apartments and rooms for short-term durations. Although this may suffice for visitors staying in Kiev for a few days or a couple weeks; and is a great alternative to paying for ridiculous expensive hotels, if you’re looking to stay in Kiev for a minimum of 2 months or longer, All Star Kiev Realty specializes in providing long-term apartment housing solutions for expatriates, foreign diplomats as well as comprehensive corporate solutions to house multiple staff members.
Real Estate Agency in Kiev
Without question, the least expensive way to rent an apartment/flat in Kiev is by contacting the property owner directly. However, this approach is very difficult as most property owners will list their property for rent with real estate agencies such as All Star Kiev Realty. Many of these property owners are unable to speak English, do not want to deal with the hassles of talking phone calls and answering various questions. Thus, utilizing local real estate agencies is practiced by almost all property owners. There are two options real estate agencies offer when it comes to long-term apartment rentals:
- 50% Commission - Although the term ‘commission’ is commonly used in Kiev real estate, it is actually a ‘service fee.’ A onetime 50% service fee (50% of the monthly rent amount) is paid to the real estate agency for most long-term apartment rentals by the renter. This service fee includes the drafting of all contracts and specific negations such as preferred furniture (furnished or unfurnished).
Note: For any rental that is less than $600 per month, the commission (service fee) is equal to 100% of the monthly rental rate.
- No Commission - To be more competitive in the rental market, some property owners agree to pay for the real estate agency’s 50% commission (service fee). To make things perfectly clear, it means you (the "Renter") pays no commission (service fee).
NOTE: The big agencies usually show only apartments from their databases as they prefer not to share the commission fee with the other agents. The databases are pretty substantial but still don’t include everything on the market. You may spend a lot of time for apartment viewing and being exhausted, you may simply settle for what the big agency has to offer - instead of finding a home that meets your exact requirements. ‘Smaller’ agencies such as All Star Kiev Realty tend to go out of their way to “win” the client; and they will most likely find exactly what you want for the best price - as they will offer you all possible options.
Negotiating Rental Terms
On average, expect to sign a 12 month lease agreement; and pay two months’ rent in advance. If you are not looking for a yearlong agreement, ensure the contract contains a clause that states the renter will be allowed for an early exit given a specified advance notice.
Real Estate Services in Kiev