Landlords

1. Choice of Agency

   The right choice of real estate agency is key to the quick, profitable and successful lease of your apartment. It will help you avoid any problems and unforeseen difficulties. Professional agents will oversee all aspects at every stage of the process: from the promotion and advertising of the premises to the signing of an official, legal lease agreement, including support post-signing.

2. Preparation of Apartment for Lease

   The real estate market, at it's present stage of development, is placing ever-higher demands on lease-premises. Therefore, attention to detail is essential. This is particularly true of the entrance to the building, security facilities, the stairwell, the elevator, the entrance door to the apartment, the layout of the apartment, decoration/finishes, design, furniture and equipment.

   Consult a professional on any and all aspects.

3. Preparation of the Necessary Documentation

   Preparation of the necessary documentation in advance will afford quicker and more advantageous leasing of the apartment:

   • Ownership documentation (for the proprietor of the premises);
   • Proxy confirmation documents (for representatives of the proprietor of the premises);
   • Certificate of registration of private business (for a private entrepreneur);
   • Constituent documents of legal body (if the proprietor is a legal entity);
   • Permission of the holders of custody and tutelage (if the proprietor is inor);
   • Written notarial-certified approval of all the proprietors (if more that two).

   For full information regarding documentation for the lease, please call Penny Lane Realty on: + 7 (495) 232-0099 and speak to one of our experts.

4. Insurance

   Usually, insurance of the premises is provided by the proprietor. The insurance of its contents and decorations will protect you and your tenant from unexpected events as well as financial and temporary losses.

   Your personal consultant in the real estate agency will assist you in selecting a reliable insurance company.

5. Viewings

   In order to lease the apartment as quickly and as advantageously as possible, it is necessary to make it look as appealing as possible. Before the demonstration, it is advisable to carry out a professional cleaning, to remove personal items and to air out the premises.

   Holding viewings at times convenient for the prospective tenant will reduce the time taken for the apartment to be leased, and allow the landlord to select the most profitable offer. Many of Penny Lane Realty's clients entrust experts of the company with the task of overseeing viewings of their apartments. They find that this is considerably more time-efficient, and gives a far greater number of prospective tenants the opportunity to view.

6. Negotiations and signing of the lease agreement

   For peace of mind regarding the conditions and obligations of the lease agreement, and in order to be sure that the maximum possible has been done to avoid any potential problems and disagreements, it is essential to ensure that the agreement is set out as clearly and precisely as possible.

   Penny Lane Realty's team of experts will oversee all aspects of the lease agreement, from negotiations through to the setting out of terms and conditions, ensuring you, as an end result, an agreement of the highest possible standard.

7. Taxes

   Income gained from the lease of real estate is subject to tax. The level of tax levied is dependent on the status of the proprietor, who will fall into one of the following categories: Russian Fiscal Resident, Non-Tax Resident, Legal Entity, or Private Entrepreneur (PBOUL).

   Penny Lane Realty's team of professional lawyers will provide counsel on all aspects of the taxation system, will assist you in the drawing up of all the necessary legal documentation, and with registration as a Private Entrepreneur.