Rent in Modiin Tutorial
How to rent residential property in Modiin!
First steps.
If you need to rent a house or apartment in Modiin you need to know what kind of property that would suit your needs. Are you looking for a villa or cottage? Do you need a garden? How many bedrooms. Will you need to be close to public transport, shuls and shops etc? Determine your monthly rental budget!
Choosing a neighbourhood!
Modiin consists of many beautiful neighbourhoods. Buchman is a very sort after neighbourhood. Visit our Buchman in Modiin website to get details of this special and unique part of Modiin. Please write to us for advice on other areas, and also search the internet and ask friends and relatives living in Modiin to find out their opinions. Walk around Modiin and ask people what they think about Modiin and particular neighbourhoods. That is a great method to get unbiased opinions.
Find a suitable property!
Once you have decided what you want, it is worthwhile to contact a reliable and experienced real estate agent in order to help you find the property that best suits your needs.
You have chosen a property - what now!
This is the time to negotiate over the terms of the rental. What furniture will be left, try to negotiate over the monthly rent, discuss the payment schedule. Are dogs allowed? How long can you rent for, one two years or more etc. Tenants usually pay for all utilities including rates and service charges. After all the fine details have been agreed upon it is best to sign a contract using the services of a lawyer.
What other expenses are there?
The tenant pays for municipal taxes and vaad bayit (service maintenance charges). The tenant pays also for electricity and water rates. The tenant should also pay for insurance for third party liability, fire and theft. Insurance for the structure of the building is paid by the landlord. The landlord should pay for property repairs unless they are caused by negligence from the tenant.. What is important is that everything should be worked out and written within the contract. Real estate agency fees in Modiin are usually paid only by the tenant. Fees are usually one months rent plus VAT. On short term rentals the tenant pays 10% of the total rent plus VAT.
What guarantees are demanded by the landlord?
These can vary. The landlord has invested a lot of money buying his / her property. It is important that they do their utmost to protect their investment. Usually an undated security check of one to three months or more rent. In addition, the tenant may be asked to provide the landlord with a promissory note ( shtar chov)signed by two guarantors for any additional damage caused to the premises. The tenant is normally asked to obtain two guarantors to guarantee fulfilment of the lease . These guarantors should be local Israeli residents with proof of means of payment. If you are paying by cheque, you will probably be asked to pay with a bankers cheque for the first payment, and you might be asked to post date the rest of the cheques. You might be asked to give the phone number of your last landlord so that he or she can be contacted. Landlords may check your bank account to find out if you have a clean account. All these issues need to be checked and sorted out before going to contract.
Do you need a lawyer?
We always recommend that a lawyer's services should be used in drafting a contract. Fees are normally half of one month's rent plus VAT. Sometimes a lawyer will save you money by making sure that your interests are protected in the contract and this can save you heartache at a later date.
Contract is signed!
Realtor fees and lawyer fees need to be paid immediately after signing of the rental contract.
Please Look After The Property that you have rented!
Those who rent properties should take care of them, pay their rent on time and leave immediately according to what is agreed in their contract. Do not take advantage of landlords and abuse the properties that you are renting. Abide by the rental contracts that you agree to. If you abuse the landlord you will ruin it for other potential tenants. Many people need to rent homes and it is vital that landlords are not deterred to rent out their properties because of bad experiences. Please be responsible!
We at Modiin rentals wish you mazel tov, happiness and good health in renting your new home. As we say in Israel "Behazlacha" (succeed)!
With Michael Bloom's firsthand knowledge of Modi'in, his unruffled and honest approach, and versatile language skills, he can help you meet all your real estate needs.
As a Modi'in resident, Michael offers personal insight into Modi'in and its neighborhoods
Click here for Buchman in Modiin website.
Useful Links
Nefesh Be Nefesh rental article