Over the past few years the rental real estate market has proven to be one of the most rapidly developing areas of the Russian economy. Demand often comes from foreign citizens working as diplomats or expatriates. They want to live in good locations and have high quality furnishings despite the possibly incurring higher rents. Activity on the rental market comes from foreign citizens who are looking for apartments and houses on a long-term basis as well as international companies that prefer having their own properties for future expatriates. For local real estate owners such clients are extremely welcome. Good tenants for an owner are of significant importance mostly because the long term rent revenue and in-time payments are guaranteed.
With high quality renovations and modern furniture Moscow properties have gained a leading position in the world. In terms of location demand focuses on the central and western parts of the city covering areas like the Arbat, Patriarshi Ponds, Tverskaya Street and Chistie Ponds and others.
       As real estate brokers we would like to make the real estate rental process as easy as possible for our Client. That means we provide you with the detailed information that can benefit you immediately and help you in your next move:

The reports will not only SAVE you money,
                                                                             but can MAKE you money in real estate

Please help us to assist you more thoroughly by filling out the online Housing Application, one of our bilingual Brokers will get in touch with you shortly to discuss the details and complete the application process.

If you have any questions about the rent-lease process, we are only a phone call or e-mail away:

While sale prices inch up steadily but slowly, rentals in the budget sector of the city’s residential market have skyrocketed of the last year. Lease prices have increased by 25 percent to 50 percent during the last 12 months.

• The most intensive growth has been in the segment of one-room apartments at a cost of up to $300 a month. In this sector demand currently exceeds supply by 10 times. This may happen because of the growing number of people who come to Moscow to look for a job. A year ago the minimum monthly price for one-room apartment was $130 per month.
• The second category includes one-room apartments located in the downtown area or two-room flats close to a metro station but situated outside the downtown. Prices have also increased by 50 percent over the last year but at the moment the demand is almost equal to the supply. Current rates for such properties range from $300 to $800 a month.
• Larger two- or three-room apartments, well renovated and located in prestigious areas, are also in hot demand. This segment rose by 25 percent last year and current prices hover around $800 to 1,200 a month.
• Well renovated properties situated within the Garden Ring measuring 60 square meters to 130 square meters worth $1,200 to $3,500 a month. Such apartments are usually found in solid Stalin-era buildings.
• Highly renovated properties situated within the Garden Ring measuring 130 square meters to 250 square meters worth $3,500 to $8,000 a month. Most of the expensive apartments are found in new developments.
• People pay more attention to how ecologically-clean the area where they plan to live. Cottages and homes, located in green areas both in and outside of the city, are an alternative to the noise and bustle of the city. These properties are often leased unfurnished at a price between $ 4,000 to 12,000 a month.

While last year’s price increase for rental units came as a surprise to many professionals, real estate experts predict a considerable slowdown in this area in 2002.

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Like in all countries of the world a Landlord and a Tenant conclude a lease agreement, that is deemed the basis for settlements. The agreement is conducted on the basis of Article 76 of the Housing Code of Russia and other legislative acts of the Russian Federation.

These are the basic items one should pay attention to while signing a lease agreement:

• A leased property belongs to the Landlord by right of ownership. The Landlord presents to the Tenant the photocopies of the Certificate of Housing Ownership and his/her passport.
• The Landlord confirms and guarantees:
  • his/her legal capacity personally, on his/her own behalf, to conduct legal actions;
  • that the property pursuant to its existing boundaries is intended for residence;
  • that the property is not mortgaged, is not under sequestration, and has not already been leased or subleased;
  • his/her free desire and goodwill in concluding this agreement.
• The Landlord is obliged to pay for on time and at his/her own expense the taxes, related to the leased property, utilities, often including gas, sewerage, electricity, telephone service (excluding long-distance, international calls and also extra telecommunications), as well as other payments independently, without involving the Tenant for the entire term of validity of the agreement, and to assume all responsibility for payment of all taxes and other payments related to the leased apartment pursuant to the current legislation of the Russian Federation.
• The settlement may be effected both in cash, and by request of the Landlord, into the bank account, indicated by him/her.
• Disputes pursuant to the lease agreement regarding which the Parties are unable to achieve agreement shall be resolved pursuant to the current legislation of the Russian Federation.
• After the lease agreement is concluded, the Parties sign an Acceptance-Transfer Certificate of the property, which is considered as an integral part of the lease agreement.

Being one of our valued Clients, you are assured of our qualified team’s commitment to professionalism at every step of the process. We also provide ongoing real estate legal support and consulting.

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