Expats Guide to Furnished Apartments for Rent in Luxembourg
Expats Guide to Furnished Apartments for Rent in LuxembourgBy nicematin-immo.com 0 comments
There you are, a foreigner in the great Duchess of Luxembourg, fresh off the train, wondering what the deal with furnished apartments in Luxembourg is and how to find one.
So you either start Googling rent furnished apartments in Luxembourg, or you stick with us and learn a thing or two on how to rent a furnished apartment in Luxembourg.
First, with the “bad news.”
Luxembourg is a really small market. There are just 2,900 apartments and 300 houses on the rental market. A big chunk of those properties is already rented. Plus, the demand largely outweighs what the market offers.
So, when you see something you like, you don’t ponder too much on it, and you rent it out before someone else snaps it from your hands.
And yes…rent is high.
The rent is probably higher than in most other European countries. That’s driven by the fact that there is a limited property development, the demand is massive, and the standard of living in Luxembourg is very high. As a result, many people choose to live outside Luxembourg even though their workplaces are within the borders of the great Duchess. So, instead of renting, they choose to commute to their workplace daily.
Almost by default, renting a furnished apartment is more expensive than renting an unfurnished apartment, which is understandable. In terms of price, that’s determined by the landlord or the owner. However, the rental price of a furnished apartment can’t be double the price of the rent for the same apartment if unfurnished.
An inventory listing and home insurance are a must.
This is mandatory, and there is no way around it. For the inventory listing, both the landlord and the tenant are needed. As far as the home insurance, that’s left for the tenant to take care of.
Property laws and disputes
Luxembourg has pro-tenant laws. But disputes are not that common and when they can’t be avoided, most of the time are settled out of court through mediation. If the tenant suspects unfair play from the landlord, The Union of Luxembourg Consumers is the go-to-place for getting assistance on the matter.
The rental contract is the most crucial document.
It all starts with the rental contract and ends with it. The content of that agreement regulates almost everything else that happens during your tenure. So, unless you can speak Luxembourgish, French, or German, it is best to hire a translator or use the services of a multilingual property attorney. That way, you can go through every clause inserted in the rental contract.
Keep in mind that the rental contract is not a fixed document and new clauses can be added or exiting clauses can be removed if the two parties agree to that. After all, the contract is signed by both the landlord and the tenant.
In addition to rent money, expatriates need to provide a passport or ID copy, recent payslips, proof of employment/income, and employment contractor.