Luxurious Rentals in Rechavia

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As it is a very serious and costly investment to buy an apartment renting may be an option for a trial period to "feel" a neighborhood. Also a financial decision may be "not to put all the eggs in one basket" and to rent for long term.

The down side to renting is the feeling of instability. What happens if the landlord decides to sell the apartment? Also most tenants will be reluctant to invest in someone else's property which means that whatever the condition of the apartment has to be acceptable to the tenant.

When renting it is imperative to sign a lease agreement which stipulates all the agreed conditions and obligations. If the landlord decides to sell the apartment during the lease period, the tenancy lease is valid for its complete duration.

One may have a new landlord but the tenant cannot be asked to vacate before the termination date.

Long term tenants (a year or longer) pay rent, arnona (municipal tax) building tax (vaad habayit) water, gas, electricity, cable, internet, telephone. The rent may be paid up front for a year or every 2 to 3 to 6 months. This is negotiable.

Short term tenants generally pay rent, electricity, cleaning and are expected to use their mobile phones. Generally short term rentals are paid in advance.

When renting, a security deposit is required by the landlord to ensure his property and his payments. The amount is agreed between the two parties. It could be in the form of a bank guarantee, or a guarantor or a promisery note, a check or cash.