Must Know Facts_Renting in Austria 2023 New

Must Know Facts – Renting in Austria

Orderer Principle for Agent’s Fee The rental law has recently changed. It is to be expected that this will have impact on the housing market. Going further, the real estate agent commission fee will have to be paid by the party who ordered the service, which mostly will be the landlord. Lease Terms Standard lease terms are a minimum of 3 years with the option to serve 3 months’ notice after the first year. German Speaking Many landlords do not speak English. Your DSC contacts landlords on your behalf, bridging the language barrier.

Supply & Demand Properties are quickly taken, so be prepared to make fast decisions. Be open to new ideas & compromises and accept any viewing offered! Payments A security deposit of 3-6 months’ rent and first month rent must be paid before move in. Market Impact With introduction of the Orderer Principle, many landlords might rent out their properties without an agent. This might lead to agent’s stepping away from the rental market which will make the process more delicate and the response time slower.

Family Size Property size, especially number of bedrooms, is regulated dependent on family size. Landlords may insist that each child has their own bedroom. Pets Pets are often not welcome in rental properties and their acceptance is not advertised. Your DSC will need to contact each landlord to discuss pet options. Websites Many websites are in German and adverts often list the positive elements of the property but do not mention negative aspects. Your DSC will guide you to ensure you are fully informed about each property.

Referencing Landlords require proof of local salary and employment, among other documents. Your DSC will prepare your application portfolio with you.

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v. 2023