Renting in Hungary: These are the most important things you should know as a foreigner

Embarking on the journey of renting in Hungary offers an exciting chance to experience a vibrant culture, but it also brings unique challenges for newcomers. From navigating local rental norms to spotting potential scams, understanding the essentials of Hungary’s rental market is key to a smooth transition. Here’s a comprehensive guide to help you confidently secure the right home, avoid common pitfalls, and settle in with ease.

Rental agreement

Quite self-explanatory, but having a rental agreement is a must when renting in Hungary, as it protects both parties in various ways. Always ensure you sign a written rental agreement, as verbal agreements are not legally binding in Hungary. The contract should clearly outline the terms of the lease, including duration, rent amount, and responsibilities of both parties. Having a formal agreement protects your rights as a tenant.

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Deposit and rent

When renting an apartment in Hungary, it’s standard to pay a deposit ranging from one to three months’ rent, along with the first month’s rent upfront. This deposit acts as security for potential damages or unpaid rent. To avoid disputes over the deposit when you move out, thoroughly document the apartment’s condition upon move-in, ideally with photos or videos. This practice is especially important for anyone renting in Hungary to ensure a smooth reclaiming process.

Utility costs

Rental prices in Hungary usually do not include utility costs, such as electricity, gas, water, and internet. It’s essential to clarify with the landlord what costs are covered by your rent and what additional expenses you can expect. Discussing these in detail before signing the lease allows you to budget more effectively and avoid surprises down the line.

Property ownership verification

Before signing a lease, request to see the property’s title deed or proof of ownership. Verifying that the landlord is the legitimate owner, or at least authorised to rent out the property, can protect you from potential scams. Property ownership verification is especially recommended for those new to renting in Hungary, as it reduces the risk of legal issues related to unauthorised rentals.

Bilingual contracts

In Hungary, having your lease agreement in both Hungarian and English is invaluable for clarity. If you are not fluent in Hungarian, consider having a bilingual friend or professional translator review the lease to ensure that you fully understand your rights and responsibilities. This is a critical step in avoiding misunderstandings while renting in Hungary.

Avoiding scams

Avoid rental scams by refraining from making payments until you’ve viewed the apartment and met the landlord in person. Listings that seem unusually cheap or landlords who push you to make quick decisions can be red flags. Take your time, conduct thorough research, and trust your instincts to make safe decisions when renting in Hungary.

Common costs

In addition to the rent, you may be responsible for condominium fees, which cover shared building maintenance and other services. These fees vary depending on the building’s amenities and management practices, so be sure to ask about them during initial discussions with the landlord. This is a key consideration for anyone on a budget to rent in Hungary, as these costs can significantly affect your monthly expenses.

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Address registration

After moving into your apartment in Hungary, it’s important to register your address with local authorities to obtain an address card (lakcímkártya). This registration is essential for various administrative needs, such as opening a bank account or accessing health insurance, and it establishes your legal residence in Hungary.

Language assistance

If you’re not fluent in Hungarian, having a bilingual contact to assist with rental agreements and paperwork can be invaluable. You might consider hiring a local real estate agent or legal advisor who can help with translations and clarify contract terms. Language support is particularly helpful for expats renting in Hungary, as it ensures a clear understanding of all obligations.

Read also:

• Addressing Budapest’s housing crisis: Proposal to restrict home purchases by non-EU nationals
• How would an Airbnb ban affect Budapest’s rental market?

Featured image: depositphotos.com