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6 aspects of this rental fee

Looking for a house or an apartment for rent. You have decided how much to rent for your main home, but you are wondering about the other costs that are added to the rental price.

Here are 6 aspects of this rental fee!

  1. The rental guarantee
  2. The inventory of fixtures
  3. Home insurance
  4. Common charges
  5. Personal charges
  6. Real estate tax

1. The rental guarantee

1. The rental guarantee

This allows the owner to cover the cost of a possible restoration if the tenant has damaged the housing. The law provides three conditions for filing this guarantee.

  1. A guarantee paid on a blocked account in the name of the lessee. In this case, it can not exceed two months rent.
  2. A bank guarantee that the lessee pays in several monthly installments. The amount of the guarantee can not exceed the equivalent of 3 months rent. The lessee commits himself to the financial institution to reconstitute this guarantee in monthly installments in maximum 3 years. He owes no interest to the financial institution. This solution corresponds to a credit without interest. In addition, when you have paid the full amount, it brings you interest.
  3. A bank guarantee resulting from a standard contract between the CPAS and a financial institution.

Different supports are available to you if you choose the deposit on a blocked account:

  • The Brussels Region offers assistance for the payment of this guarantee.
  • To finance this amount, you can also use a personal loan.

2. The inventory of fixtures

The signature of the lease of a dwelling necessarily implies the completion of a document of inventory of entry. This document is mandatory. It must be established in a contradictory manner, co-signed by the tenant and the owner or their representatives. The law requires that it be registered with the lease.

You have three possibilities to realize the inventory of places of entry.

  • The owner and the tenant make this document themselves . In this case, it must be clear and precise. Avoid vague formulas like “well maintained” or “in the well-known state of the tenant”. Different associations also offer models.
    • The advantage of this formula is its free.
    • However, she asks you to carefully avoid the inaccuracies associated with the little habit of the process.
  • Landlord and tenant agree to call on an expert , (surveyor, architect, specialized agency …). From then on, they share the costs that run around € 200 to € 300.
  • If he wishes, the owner or the tenant can decide alone to be accompanied by an expert. In this case, he takes care of all the fees.

3. Home insurance

3. Home insurance

Before you even occupy your rented home, you should buy home insurance.

  • In the Walloon Region, since September 2018, the tenant must take out insurance. She usually offers him triple protection:
    • for damage to the dwelling itself when it is its responsibility
    • for his personal contents (furniture, clothes …)
    • for his civil liability.
  • In the Brussels Region
    • The lessee can take out home insurance.
    • The landlord can also introduce in his own home insurance contract a waiver of recourse against the lessee. It is then the tenant who pays the premiums.
    • In the latter case, the renter may, if necessary, also take out insurance which covers his own content and his civil liability.

The home insurance costs each year several hundred euros, depending on the volume and layout.

4. Common expenses

Maybe you rent an apartment. You will then have to share common costs (elevator, boiler, corridor, garden …) with all tenants.

These common rental charges can be accounted for in two ways:

  1. Either they are set forfaire , in fixed costs, that is to say with an amount unchanged whatever the costs.
  2. Either they take back the actual costs . To cover these variable costs, the owner will often request a provision that will be regularized each year.

These common charges add up to several hundred euros to the annual amount of rent!

The Brussels Region also requires an estimate of the common and personal expenses in the lease.

5. Tenant expenses

5. Tenant expenses

Water, electricity, gas, heating are personal expenses that are also added to the rent. Before renting a property, it may be useful to know the approximate amount of these variable expenses. This is possible especially when talking with the landlord or other tenants.

6. Real estate tax

It must be paid by the owner who can not in any case pass it on the tenant.

Please note that under certain conditions, the tenant can obtain a reduction of this tax. As the owner pays, it is to him that this reduction is granted. The tenant can then deduct it from his rent.

In conclusion

To accommodate you in the best possible conditions for you, a move involves a clear and precise vision of all the costs associated with it. It is therefore interesting to globalize the costs of moving in and renting. Their realistic estimate will guarantee you to be able to face your commitment!

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