Real estate rental in Georgia is one of the important sources of income for many people, especially for those living in big cities. Residential apartments and commercial spaces are mainly rented in Georgia.

The highest demand for rental apartments and commercial spaces is in big cities. In this regard, the first place is occupied by Tbilisi, followed by Batumi and other resort cities, towns (Gudauri, Bakuriani).

Due to the large number of foreign citizens in the country today, real estate rental has become more relevant than in other years.

When it comes to citizens of foreign countries, it is necessary to sign a rental agreement to avoid various troubles.

According to this law, when renting a residential apartment, the owner of the apartment must pay 5% of the rent to the state. As for commercial spaces, at this time the tax is higher: the owner of the commercial space must pay 20% of the rent.

Points you should know from the said law:

- The parties to the lease are the lessor and the lessee, they can be both physical and legal entities.

The lessor is the person who has the right to dispose of the thing: the owner, the tenant (right to sublease) and any other person who has the right to dispose of the thing, by force of law or from the owner.

- The employer can be any legal/individual person.

The object of rent is both an immovable (e.g. an apartment) and a movable (e.g. a car) thing, but the said thing must not be generic, i.e. an object that does not have individual characteristics and is of indefinite quantity in civil circulation (e.g. it cannot be the subject of rent be a product, fuel, etc.).

- Transfer of use: the lessor transfers the object of rent to the tenant for use, accordingly, the tenant acquires the right of ownership and use of the object of rent.

- Lease term: it is not allowed to conclude a lease for a permanent term, because in such a case the owner's right to ownership of the subject of the lease will actually be lost, thus such a condition will be invalid, and if the lease term is not defined at all, the parties have the right to terminate the lease agreement at any time (more than 1 year with a legal entity A fixed-term rental agreement must be registered in the public register).

- Rent: Renting is paid, the tenant is obliged to pay the rent of the rented property to the landlord for the use of the item. The number of payments is determined based on the agreement of the parties.

- Form of rental: the rental agreement can be concluded in any form, both in writing and orally.

Real estate rental is associated with not so small risks, although the law allows you to reduce them.