Must Know Facts - Renting in Luxembourg 2021

Must Know Facts – Renting in Luxembourg Agents/Landlords 99% of landlords employ real estate

Personal References Landlords will want proof of identity and income before considering your application Informal rules expect rent not to be more than 1/3 of monthly income Dwellworks will support you through the referencing process Lease Terms Lease terms are based on real estate law and leave little to no room for negotiation Negotiating lease conditions is not common and can be a negative deal breaker for landlords Dwellworks will help secure the best terms possible for your individual situation

Fast Moving Market 1-2 bedroom properties in central quarters of the city can be rented within 24 hours. Be prepared to make applications and decisions quickly Dwellworks will support you to evaluate properties based on your needs, so you can make the right decision

agencies to act on their behalf to source suitable tenants. Note: tenants pay the real estate agency commission. Dwellworks will work with agencies and landlords on your behalf and support you with the right application process to help secure your property of choice

Advertised Properties Properties advertised on the Internet are not always as they appear and can be misleading Your Dwellworks Consultant is a local expert and monitors the real estate market daily to ensure the options considered are viable for your needs

Pets Pet friendly properties are scarce. Landlords and building regulations can prohibit having a pet Dwellworks will help you identify suitable properties in advance of viewing to avoid disappointment

Fast-Moving Markets Pressure tactics can be used to push you into a quick deal. Dwellworks will help ensure that the correct process is followed. Upfront Payments Upfront payments for renting are: first month rent + first month charges + agency fee (one month rent plus 17% VAT) and rental deposit (or bank guarantee) → equivalent of up to three months rent Dwellworks will offer guidance on when and how these payments should be made

Family Size

Plan your housing expectations according to the size of your family Traditionally, landlords see each child having a separate room.

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