Who pays the agency fees?
It depends on the conditions set by the owner. Normally the renter pays 100% of the fees although Menorcanimo recommends that the fees are equally split between the renter and the owner, paying 50% each.
Why is it worth it to contact an agency to find a rental?
Because you can lay back while we will make sure to go around looking for the most suitable property which match with your needs and criterias. Moreover , we negotiate with the owner on your behalf and you can feel safe by having an official contract which legally guarantee the conditions of your rental.
How many times do the estate agency fees need to be paied?
Fees are paid only once by entering first the new property.
Who pays the rates?
Normally all charges related to the owning of the property are expected to be assumed by the owner.
Who pays the bills ? (e.g.electricity, water and gas? )
The renter is responsible for paying the bills as he is the one who is making use of them.
How are the bills paid?
It depends on the owner’s mind.
The usual options are:
LONG TERM RENTALS:
Bills are directly addressed to the renter, so that the owner doesn’t need to worry all the time about getting in touch with the person who is renting the property.
SHORT TERM RENTALS ( depending on the length of the contract)
- At the end of the contract the bills are added up and the amount relative to the renter is taken off from the deposit payment.
- Bills are addressed to the owner who is going to forward them to the renter each time after getting them .
Is the owner obliged to provide furniture, kitchen appliances, bedding, etc?
No, the owner does not have to provide any of the above list mentioned. Although, on the other side, a property providing as much of these things as possible it will be easier to rent.
Deposit payment rights and obligations when reserving a rental.
If the renter is seriously interested in a property, it is highly recommended to pay a deposit to reserve the property. By leaving a deposit , you will secure yourself the rental.
The amount of money to be quoted as “DEPOSIT” can vary : from a minimum of 200€ to maximum of one month rental.
If the renter backs out he loses the payment.
If the owner backs out he will return the payment to the renter and pay 10% of a month rent to the estate agent.