Apartments for rent: what you need to know about rents in the light of the latest market surveys

These are mostly new families and young couples without children.

The survey also puts emphasis on average cost of a rental in our country taking into consideration an A2, civil and A3 economic residence, of about 100 square meters, located in the provincial capital cities.

For this category of apartments, the survey reveals that theThe monthly rent amounts to 538 euros with peaks of 1400 euros in large cities.

The cost of rent affects the family budget in a percentage ranging from 19,9% ​​with peaks up to 50%.

Houses rented without resorting to the dry coupon are also exposed to the revaluation of the cost of living which leads to very significant annual increases.

Choosing apartments for rent or buying a house?

Having made this necessary premise, let us face the question that grips so many families: buy or rent a house?

Choosing whether to buy a property or stay in rent, certainly varies with the changing needs and economic and working conditions.

Generally market analysts are currently cautious about recommending home purchases.

In fact, starting from June 2022, less favorable conditions will apply: interest rates on mortgages tend to be higher and average sales prices that do not go down.

However, Nomisma study center reveals that the housing demand however, today it is at an all-time high.

The search for rentals therefore tends to strengthen especially for some locations such as Rome and Milan, Bologna, Florence and Como.

Apartments for rent: which type of contract to prefer?

There are many who have an uninhabited second home, by the sea, in the mountains or in the city and would like to secure an income from it.

What to do then, where to find the ideal tenant and who type of rental agreement apartments stipulate?

Apartments for rent: types of lease agreements

Let us first briefly examine the various lease agreements to understand their advantages and peculiarities.

Free rental contract (4+4) articles 1571-1614 civil code

The most widespread typology provides for the right between the parties to independently determine the amount of the fee, with the constraint of a minimum duration of four years with automatic renewal of another four.

This means that the landlord can send the letter of cancellation to the tenant at least six months before the first deadline to prevent the contract from being renewed for the next 8 years.

Transitional lease agreement art. 5 Law n. 431/1998

This type of contract has a relatively short duration and is used when the owner intends to grant the property for enjoyment for a limited period which ranges from 1 year to a maximum of 18 months.

In this case, preventive cancellations are not necessary because the contract naturally expires at the end of the indicated time.

Lease contract with agreed fee law n. 431/1998 and subsequent amendments

The law also provides for other types of contracts for the lease, such as the agreed one at a controlled fee.

The agreed fee allows, in municipalities with a high housing intensity and upon the occurrence of certain requisites, to enjoy important tax deductions both to the owner of the property and to the tenant who occupies it.

These contracts have duration of 3 years, extendable for another 2 and in the absence of the communication of cancellation required by law, the contract is tacitly renewed for a further two years.

Short rentals law n.50/2017 and subsequent updates

It's about the rental agreement that allows you to lease your holiday home or apartment for short periods, not exceeding 30 days in the city.

It can be stipulated by natural persons, outside the exercise of business activities.

Better known as tourist locations, are conveyed through portals such as Airbnb that allow guests to get in touch with the so-called hosts or owners.

This type of contract does not impose obligations of registration and therefore the parties are exempt from registration and stamp duty envisaged instead for the other types of contract.

How much can you earn with a rented apartment?

This is the first question that those who are about to rent their home ask themselves.

We saw at the beginning of the article that an accommodation of about 100 square meters with certain characteristics can yield on average even only 538 euros per month with traditional rents, i.e. about 6.450 euros per year.

To these hypothetical profits go after deducting extraordinary maintenance costs which are always due to the lessor and any works to adapt the property to current regulations.

It is not always easy to find serious tenants who correctly fulfill their contractual duties.

Anyone offering an apartment for rent counts on the income it produces and the problem of arrears, even when innocent, is often difficult to manage.

Finding yourself having to evict those who don't want to or can't pay the rent anymore isn't easy, much less pleasant.

Resorting to short-term rentals can therefore be the optimal solution also for those who do not want to transfer possession of their property for an extended period, but intend to maintain enjoyment of the same in certain periods of the year.

Apartments for rent: the average earnings of short-term rental hosts

An apartment that can accommodate at least 4 guests that is actively managed, with a monthly occupancy rate of 80% and dynamic rate management, in Milan it can yield up to 50% more than a traditional rental.

Which type of contract is more convenient for landlords?

Having therefore made the due considerations, renting an apartment with so-called traditional contracts is not always easy for the tenant who should always check the income guarantees offered.

In the case of classic contracts, i.e. 4+4, requesting rents that are too high can be disadvantageous because this could lead the tenant to arrears.

As far as the agreed rents are concerned, the recent renewal of many territorial agreements has allowed more and more localities to have adequate rent values ​​available that contemplate the savings needs of the tenants.

Sometimes, however, some are generated distortions to the detriment of the owners, especially in some areas such as those of large cities such as Milan or Turin, or provinces with a strong appeal such as Padua or Ferrara.

Each situation must therefore be analyzed case by case, starting from individual needs and contemplating them with the intrinsic and extrinsic characteristics of the apartments to be rented, thus assessing whether traditional rentals or short-term leases are more convenient and safer. In this article, we show you all the advantages of short-term rentals.