Rental in Riga - Improving Relations Between Tenants and Landlords

We offer you professional insights on rental practices in Riga.

A new rental law came into force in May of this year. The previous regulations protected only tenants.

If a dispute arose regarding the termination of a rental agreement, it took up to 4 years to evict non-compliant tenants.

For this reason, many developers were cautious about constructing and developing income-generating residential properties.

The new law offers a convenient mechanism. A rental agreement can be registered in the Land Register free of charge.

If the tenant proves to be non-compliant and delays rent payments for more than two months, one can appeal to a court bailiff and have them evicted without going to court (consequently, without a lengthy court procedure).

Overall, the general culture of rental is improving. Tenants and landlords trust each other more.

A couple of years ago, it was considered unacceptable if a landlord asked a prospective tenant about their place of work and family status.

Now the situation has changed. Tenants understand that this information is necessary for the landlord to ensure that the new resident will treat the property carefully and will be able to pay rent and utilities.

In the opinion of our company KOM-INVEST, market participants in the rental sector are indeed becoming more informed. Tenants request property documents from landlords and carefully review additional expenses. In turn, landlords seek information about future residents.

If you are renting an apartment, we recommend requesting a reference (after the rental agreement ends), which will help you when renting your next apartment.

This will serve as proof that you have fulfilled all your payment obligations and left the property in good condition.

If you wish to purchase any quality real estate property, if personalized attention is important to you, if you want to communicate with a real estate agent and lawyer in your native language, please contact our company KOM-INVEST! We will be happy to find a suitable property for you, answer all your questions, point out important details, finalize the transaction, obtain a residence permit while this program is still available, and manage your property.