PROPERTY FOR RENT IN MALTA

Renting a property in Malta

Renting in Malta can be a great option for those looking for a change of pace or an island to call home for a few months. With its Mediterranean climate and stunning beaches, Malta is the perfect place to look for a property for rent.

One of the biggest disadvantages of renting a property in Malta is the affordability. Rental prices are getting higher than other European countries, making it an non-attractive option for people looking for an affordable place to live. Furthermore, the island has a high cost of living in general, which means that people cannot enjoy a comfortable lifestyle without having a well paid job.

However, renting in Malta is easy because, even if the island is small, there are thousands properties available for rent. Also, there are plenty of rental websites and real estate agencies that can help you find the perfect place for you, whether it is a commercial property or a residential one. Additionally, rental contracts tend to be not longer than 12 months, so you don’t have to commit to a very long-term lease if you don’t want to.

In general the Maltese islands are very safe and secure, making it the perfect place to settle down. The crime rate in Malta is very low, and the local people are friendly and welcoming. The archipelago is home to some of  stunning beaches, and there are plenty of opportunities for outdoor activities such as hiking and sailing. There are also plenty of cultural attractions, such as the stunning churches in Mdina and Valletta, which are great places to visit.

Types of properties for rent in Malta

The island offers a variety of properties for sale but also a large number of rental properties to choose from. Here are the three main types of rental properties available in Malta:

• Apartments: this is the most common type of rental property, and they can range from small studios to large, luxurious penthouses. Most of them are located in flat blocks or complexes, and can be found in both urban and suburban areas. They are a popular choice for singles, couples, and small families who want a comfortable, low-maintenance living space.
• Houses: houses are another popular type of rental property, and they are typically larger and more spacious than apartments. They are often located in suburban or rural areas, and may have a small garden or outdoor space. Furthermore, they are a good choice for families or larger groups who want more space and privacy.
• Villas: villas are the most luxurious and expensive type of rental property; they are typically larger and more spacious than houses, and frequently have a private pool and garden. Villas can be found in suburban or rural areas, and they offer a high level of privacy and comfort. They are a good choice for those who want to enjoy a luxurious lifestyle in a beautiful and serene setting.

What to look for when renting a property

Renting in Malta and Gozo is relatively easy, but it’s important to have a clear idea of what you’re looking for. In particular, you have to take in consideration the following elements:

1. Location: Malta is a small island, so the location of your rental property is essential. Consider the proximity to your work or study location and public transportation. Some popular areas to consider include Sliema, St. Julian's, Valletta, and Msida.
2. Size and type: determine the size of the property you need; also, decide whether you want a house, flat, or studio.
3. Rental price: choose your budget and keep in mind that rental prices vary depending on the location and size of the property. Additionally, some properties may have additional costs, such as utilities and parking.
4. Condition: inspect the property before signing the lease, check for any damages or defects and the condition of appliances.
5. Lease agreement: make sure you understand the lease agreement before signing it. Make sure it includes all the details, such as the rental price, payment terms, duration of the lease, and any additional fees or responsibilities.
6. Deposit: most landlords in Malta require a deposit, which is usually equivalent to one or two months' rent.

Tips and necessary documents

It’s important to note that rental contracts are typically for a maximum of three years, and they can be renewed after that. Additionally, rental contracts are often drawn up in English and Maltese, so it’s indispensable to make sure that you understand the terms and conditions before signing the contract.

When renting a property in Malta, you will be required to provide certain documents to the landlord or property management company. Here are the typical documents you will need:

• ID or passport: you will need to provide a copy of your passport or national ID card to prove your identity;
• Work permit/residence card: if you are a non-Maltese citizen, you will need to provide a copy of your work permit or residence card to prove that you are legally allowed to live and work on the island;
• Proof of income: you will provide proof of your income to show that you can afford the rent. This can include recent pay stubs, employment contract, or bank statements. The landlord may also ask for a letter of reference from your employer;
• Reference letter: you may be asked to provide a reference letter from your previous landlord or employer to show that you are a responsible tenant;
• Rental deposit: you will need to provide a rental deposit, which is typically equivalent to one or two months' rent. The deposit is held as security against any damages or unpaid rent during your tenancy;
• Rental application form: you will complete a rental application form, which typically includes your personal information, employment details, and references;
• Utility bills: you may be asked to provide proof of your utility bills from your previous residence to show that you are responsible with payments.

It's important to note that the specific documents required may vary depending on the landlord or property management company.