Living in Hungary

Property management and renovation

Your apartment in Hungary keeps working even if you live in another country. We find tenants, collect the rent, pay the bills and organise renovation with trusted craftsmen — with reports in English.

12%

of the rent for management

since 2014

working with property in Budapest

in English

reports and communication with you

long-term

we only rent out for long periods

Management

We rent out and look after your apartment

Suitable if you live abroad or simply do not want to deal with tenants yourself.

Finding and checking tenants

Advertising, viewings, checking solvency and documents. Long-term lets only — from one year.

Lease and deposit

A lease with clear terms, a deposit (usually 2–3 months’ rent) and a handover report with photos.

Rent and bills

Monitoring rent payments, paying utilities and the building’s common charges.

Minor repairs and emergencies

Plumber, electrician, appliances — we organise a craftsman and agree the cost with you.

Regular inspections

Inspection of the apartment, a photo report on its condition, meter readings.

Mail and keys

We collect the mail, keep the keys and stay in touch with the building manager.

Renovation

Renovation with a trusted partner

Renovation is carried out by our partner construction team. We are your representative on site: we agree the estimate, monitor deadlines and quality and send photo reports in English.

Cosmetic renovation and preparing the apartment for rent
Major renovation, plumbing and electrics
Turnkey bathrooms and kitchens
An estimate before work starts — you know the budget in advance
Purchase of materials, furniture and appliances
Acceptance of the work and cleaning after renovation

Preparing the apartment for rent

Bought an apartment to rent out? We prepare it turnkey: minor repairs, furniture and appliances, cleaning, professional photos and the listing. Then — finding tenants and management.

Pricing

What our services cost

All prices are + VAT 27%.

Management

Apartment management

12% + VAT

of the monthly rent

✓Rent monitoring and bill payments
✓Communication with tenants
✓Organising minor repairs (+20% on the craftsman’s invoice)
✓Regular inspections with photo reports
✓Mail and keys

Finding tenants

1 month’s rent + VAT

one-off, separate service — paid in addition to management

✓Advertising and viewings
✓Tenant checks
✓Lease and deposit
✓Handover report with photos

Renovation

20% + VAT

of the partner’s estimate — for organisation and supervision. The work itself is paid to the partner according to the agreed estimate

✓Site visit and estimate
✓Monitoring deadlines and quality
✓Photo reports in English
✓Acceptance of the work

Transfer of utility contracts

190 € + VAT

Small errands for the apartment: meeting a craftsman, a delivery or installers, supervising work, buying and bringing small items. Craftsmen’s and movers’ work is paid separately

€20 / hour + VAT

Turnkey preparation for rent: selecting and buying furniture, appliances, textiles and tableware, receiving deliveries and assembly, photos for the listing. Purchases are paid separately

20% of the purchase budget + VAT

Transfer of utility contracts is free if you bought the apartment through us. We do not manage short-term daily rentals.

Questions

Frequently asked questions

Do I need to be in Hungary?

No. We work under a power of attorney, and you receive reports and the rental income in your account.

What taxes apply to rental income?

Rental income is taxed at 15%, with a return filed once a year. In some Budapest districts a local building tax is also charged for a rented apartment. We will check your address, and our accountant can help file the return.

Do you do short-term rentals?

No, long-term rentals only: they are more stable, simpler in terms of rules and cause less wear on the apartment.

Who pays for repairs?

The owner. We agree the estimate with you in advance; minor urgent work is done within the amount you approve.

What if the tenant stops paying?

This rarely happens: we choose tenants very carefully. Most often they are solvent foreigners who have come to Hungary to work, and as a rule there are no problems with them. We check where the person works and whether they can pay, and meet them in person before signing the lease.

In addition, the tenant signs a notarised commitment to vacate the apartment. The notary charges HUF 45,000–60,000 for this, paid by the owner. If the lease has ended or been terminated for non-payment and the tenant does not leave, eviction goes through a bailiff, without a lengthy court case. Evictions are possible from 1 May to 14 November: by law they are not carried out in winter.

If debts do arise, they are first covered by the deposit. We negotiate with the tenant and, if necessary, involve a lawyer.