4. How to rent out an apartment?

Renting out an apartment is not only a source of income but also comes with certain responsibilities.

Deposit size:
The standard practice is 1-2 months’ rent, but the parties can agree on other terms.

Lease agreement:
The document should clearly state:

• Who pays for utilities.
• The tenant’s responsibilities.
• Conditions for early termination of the lease.
• Tax obligations.

Tax on rental income:
Income from renting property is subject to tax. It’s important to check the current personal income tax rate for 2025.