Overview of the Tenant Guide
Finding a great rental apartment in Istanbul is often considered a complicated process; however, with the right guidance, you will find that the process is not as difficult as some would like you to believe.
We found that the best way to find an apartment in Istanbul is with the help of an experienced real estate agent. We recommend using a real estate agent if you are serious about finding an apartment, as the market moves very quickly and access to most of the most desired apartments is controlled by agencies.
A Few Points About Apartment Information
Do not get stuck on the entries you see on this website (or any other website or newspaper). The chances of renting the apartment you ask online are very close to zero. See the entries on this site as a starting point and use extensive building information to become more familiar with the market. Unfortunately, the entries are not updated as often as they should be.We have very little control over this, but this is a fact of the market. We hope this will improve over time, but the best way to get the correct list information today is to get screenshots from your brokerage house.
Rental Application and Signature
Once you find an apartment, the next step is to apply and sign the rental agreement. A few things to keep in mind:
- Bring all the necessary paperwork and the necessary money: employment and income verifications, at least one month’s rent in the form of identity card, surety and checks.
- When filling out the application, be sure to keep in mind all the special requirements that the owner is looking for: your income, employment, life preferences, etc. Try to convince the owner that you are the right tenant for yourself.
- In general, you should leave a deposit equal to a fully refundable monthly rental if you are rejected.
- Unless you are rejected after you apply, you will be connected to the flat where you applied.
- When paying the deposit, get a receipt stating that your money will be refunded if it is declined.
- Getting news from the host usually takes from an hour to a week.
- If accepted, try to sign the lease as soon as possible.
- Make sure you understand what kind of lease agreement you signed. There are many different types: standard, self-expanding, short-term, rented, etc.
- Read the entire lease and make sure you understand the following: lease amount, lease times, escalations, utilities, care, pets, litter, etc.
- Make sure the landlord also signs the rental agreement and gets a copy.
- Search and read all rental attachments and any additional forms that may come with the rental.
- Ask if you have any questions. If you still feel unsatisfied, have a lawyer.
- Expect to pay anywhere in advance of 2-4 months of rental, some of which will go to a collateral warehouse.
- The first deposit added to the application is usually equal to one month’s rent.
- You must pay the remainder of the lease. This usually consists of last month’s rent and commission commission.
- In almost all cases, the host will ask you to pay a security deposit. This can be returned at the end of the rental period and at the end of the interest refunded. Collateral money cannot be used as a lease during the lease.
- Be sure to get receipts and special descriptions of what your money is and where to keep it.
Be Loyal to Your Broker
Broker loyalty (working with just one broker) is an important factor in finding a great apartment. Most brokers are incredibly working to find that perfect apartment. If they are motivated to accomplish this, if they are successful, then an action will be taken to get their efforts back. If you give a reason for a broker to suspect that a transaction will not take place (for example, if you are working with other brokers or are not serious about buying an apartment), it will naturally tend to invest in the time it takes to find it. your dream apartment. As a result, you will expose yourself to a competitive disadvantage to other flat tenants, as your broker will not be as motivated by their buyers as both them and the brokers who are committed to renting an apartment. The best thing you can do is to work with only one broker and make sure they are committed to working with them. Of course, the goal here is to find the perfect apartment for you, so if you are not comfortable with the broker you work with or if you are not questioning the ability to find what you are looking for, you need to let us know. We can discuss this with the broker and, if necessary, find a more suitable broker for you.
Benefits of Using Real Estate Agent
Quite simply, it is very difficult to find an ideal apartment without a real estate agent / broker. Istanbul market is wide and complex and moves very quickly; Trying to navigate on your own is a very difficult task. Intermediary institutions live and breathe in the market – most people rent an apartment every few years, while intermediary institutions rent it every day. Therefore, the experience and knowledge they bring is invaluable and impossible to go elsewhere. It is useful if we want to think about the content on our website, it is intended to be used with the expertise of an experienced real estate broker. Also, most of the best apartments in Istanbul are rented only through intermediaries. This means that you need to use a car to rent such apartments. Since we work with the largest rental agency in the city, you can be sure that you have access to the most lists possible.
Costs of Using Real Estate Agent
In most cases, when you rent a vehicle in Istanbul with a vehicle, you need to pay a commission to the vehicle. Although the fee varies depending on the conditions, it is 12% of the annual rental fee.
Know what you want
Istanbul City offers some of the most diverse housing options anywhere; As a result, you have many excellent options. Therefore, it is important to focus on some features to make your search as efficient as possible. Some of the key items you need to resolve early are:
For obvious reasons, this is probably the most important factor. The price of an apartment depends on several factors – size, location, Bosphorus view, condition and features, among others – so it is very important to determine your budget initially. As a general guide, a bedroom costs between $ 1,250 and $ 2,750 per month; two bedrooms range from $ 2,500 to $ 3,500 per month, and three bedrooms range from $ 3,500 to $ 10,000 per month.
Neighborhoods of interest
Beşiktaş has dozens of neighborhoods, each with a unique taste and personality. A number of factors can affect where you live: you may want to be close to work or your child’s schools; maybe it is important to be close to a park; perhaps it is very important to be close to great restaurants and cafes. The good news is that Istanbul offers something for everyone – if you’re not so familiar with the city, please check our neighborhood guide
Apartment size and properties
Need a one-bedroom apartment? A large living space? A maid’s room or home office? Are beautiful landscapes important? When determining which features are important, remember that there is a price for each, and therefore prioritize them based on how much you want to pay for each.
Requirements vary by property and building. The following are a few general rules that apply in most cases:
- You must show a safe and stable employment history.
- You must have a good credit history.
- You must show a good rental history.
- All information should be referenced in the form of a letter or sometimes a phone call.
- Tax returns will be required for business owners.
- All students must be guarantors to jointly sign lease agreements.
- Some buildings do not accept students – this is a legal practice and the court cannot be challenged
- If you don’t meet the above criteria, there are usually two possible solutions:
- You can get a spouse signer or guarantor to sign the rent for you.
- Or some owners allow you to make lease payments between 6 months and 12 months in advance.
When looking for an apartment
- Get ready to rent an apartment on-site. In the current market, rental apartments rarely remain available for more than a few days. If you are not ready to rent the apartment, do not visit it.
- Get ready to deposit a monthly rent.
- Check out the neighborhood around the building. Call hospitals, fire or police stations – it is noisy and makes you lose your sleep.
- Check the area, layout and quality of the apartment. Make sure you feel comfortable.
- Ask other questions in your mind.
When to Start Looking
You should start looking for a house 30 – 45 days before you consider moving. It makes no sense to start looking ahead, because none of the apartments you want to see may want to move.