Estonia — Property: Rental Market

Why this matters

Understanding the rental market is crucial for relocating individuals and families, as it affects the availability and affordability of accommodation options.

Key facts

• A residential lease may require a deposit of up to three months rent, payable in equal instalments over three months, the first at signing.
• The landlord must keep the deposit in a credit institution separately from its own assets at least at the local average interest rate; the interest belongs to the tenant, and the tenant can demand repayment if no claim is notified within two months after the lease ends.
• Either party may cancel an open-ended dwelling lease with at least three months notice; one month for furnished rooms and separately leased parking.
• A tenant extending a fixed-term residential lease must apply at least 60 days before expiry.
• After a rent increase notice, the tenant may cancel within 30 days by giving 30 days notice, and the increase then does not apply.

Steps

1. Step 1: Finding a Rental Property — Property searches are often conducted online through Estonian real estate websites or social media groups. It's also common for tenants to work with a real estate agent or contact private landlords directly.
2. Step 2: Applying for a Rental Property — Tenants typically submit their application, including proof of income and employment, to the landlord or real estate agent. The application process may involve a credit check and a personal interview.
3. Step 3: Signing a Lease Agreement — Once the application is approved, the tenant signs a lease agreement, which outlines the terms of the rental, including the rent, duration, and any conditions or restrictions.