BPartner Property Management - Lettings Management - Budapest

Budapest Property Management


Hi, we are Budapest Partner. Do you want to talk about renting or letting out a property? Please get in touch, as we’d really love to hear from you.



Key Takeaways - Legal Security as a Principle in Letting and Management - Management Ageement includes utility arrears repayment agreement

Why let property with us?

0% fees while finding tenant in period of zero rent

We are flexible and aware of the risk that you can change your mind before introducing a tenant. More choice and less hassle with smooth pre-tenancy process without upfront fees. Remember that we will only charge you if your property gets rented, never before.

Percentage-based fee of rental income is 8% + VAT (10.16% incl vat).

This is a great offering that is something to seriously consider. Being trusted to figure things out is a big motivator. We will always go that bit further to make sure you are getting value for money from our service.

No smoke and mirrors - in essence, we get paid when you get paid.

Whether you’re a first-time landlord or experienced in letting property, don't panic, we have it covered!



Careful and thorough vetting


How do I know if my tenant is a bad ’un? The simple answer is you don’t. We don’t get caught out but have mastered the art of selecting tenants very carefully. We follow the process of pre-screening prospective tenants conscientiously, make no exceptions.


Our guaranteed one month’s rent scheme


Guaranteed one month’s rent after early tenancy termination regardless of utility arrears. Employing us can act as a buffer should any form of dispute arise.


Utility arrears repayment agreement


BPartner is responsible for utility arrears in excess of ‘security deposit less one month’s rent installment’ to protect against financial loss from specific risks.


Free tenant sourcing


If tenant wants to leave before the end of tenancy agreement, finding a replacement tenant is fee-free.


Collection of rent and handling of associated fees and taxes

Landlord Property Accounting/Taxing Budapest


Financial management is a fundamental part of our service. We collect and account for rent and utilites as directed by the property management agreement. As a rent receiving agent, we will need to deduct and pay tax deposit from rent on a monthly basis. In addition to this, we can provide you with tax-related financial advice to help you obtain the maximum benefits from your tax allowances and circumstances. All rental income is taxable. Any profit you make from letting out a property (i.e., the money left over after your expenses have been deducted) within Hungary is subject to Hungarian income tax and landlords are required to submit an annual self-assessment tax return to National Revenue & Customs, which declares their income and any taxes.


Compilation of monthly statements for tax purposes


At BPartner, we offer a comprehensive service, preparing the annual accounts, completing the tax return and advising on required payments on account, claiming income tax reliefs, all of which is necessary every year. With all the information required at our fingertips, we are able to prepare your return with minimal involvement from you and of course, with our existing relationship this simply becomes an extension of our role in managing your Budapest property.

As a landlord with property in Budapest, completing this tax return can be complex and time consuming.
If you would like more information on how we can assist you with property management in Budapest, please get in touch

Does dealing with utility companies, liaising with personal contractors, building managers and insurers incur extra charges?

All of the above is included within the standard management fee. All you have to do is authorise the provider to liaise with us on your behalf and we will assist where possible. We can arrange for utility invoices to be sent to us. We will arrange settlement of these invoices out of funds provided by you. We spend your money as carefully as we would spend our own.


Troubleshooting

The single point of contact


The confidential service that helps with problems ranging from preparing properties for optimal letting to landlord/tenant issues.


Proactive and can-do attitude


Broken boiler? Leak in the kitchen? Light switch not working? Routine repairs and maintenance are carried out automatically.


Preparation of specifications and administration of major works


Routine inspections are made and written reports supplied to the landlord. No job is too big or too small for BPartner Property Management.

We not only offers property management but sort out maintenance work window cleaners, carpet cleaners, handling leaks and repairs etc.
Our aim is to manage your Budapest property as if it was our own.

Vacant management

Complete property assistance including monthly visits, arranging cleaning, paying interim utility bills and service charges.

Under property management's watchful eye


We deal with maintenance issues on a case-by-case basis. Due to our regular inspections, we are able to provide reports and offer recommendations on essential and non-essential works.


Keeping you safe and compliant


If we manage your property, BPartner will ensure that all relevant legislation is complied with, thus giving you complete peace of mind.


Question before getting started


How much will it cost to let my property?

We have an all-inclusive Managed Long Let package to suit your property needs. There are two main landlord service fees involved in letting (one-off commission) and managing (a percentage of the rental price) your property. Letting fee is placed towards the first month's rent (incl VAT) and Property Management fee will be charged on a monthly basis as 8% of the rent plus VAT upon the tenant signing the Tenancy Agreement. Additional costs may apply such as cleaning, repairs and maintenance in pre-tenancy process.

Tenancy agreement and deposit protection

In Hungary it's a legal requirement to provide a written tenancy agreement. In Hungary tenancy deposits are capped at three months’ rent. BPartner's standard deposit amount is two months’ rent plus one month's utility bills. The deposit is payable by the tenant upon successful tenancy agreement signing. If BPartner takes a deposit from tenant, we must hold and protect it because there isn't a Government-approved tenancy deposit protection scheme in Hungary.

Who settles the utility bills?

Throughout the tenancy you can manage all your finances through us. Details of bills to be paid for by the tenant will be listed in the tenancy agreement. When rent collection, including utilites and service charge payment, we will need to settle any outstanding utility bills we are responsible for with the provider directly.

Can I appoint a managing agent if I already have my own tenants?

Whether you already have an ongoing tenancy, have found tenants or have instructed another agent to do so, we can take on the management of your property. We often assist landlords with the transition of moving from their current management company to our service. Contact us for more details.

What type of tenants rent through you?

Most tenants are long-term renters who pay rent on time and look after their accommodation. These tend to be corporate and working professionals who have good budgets and like convenience. Attracting these types of tenant should be your priority.

What if I need help with the property maintenance?

The properties we let are also professionally managed by us so you can be sure that if there's a problem, we will respond promptly to resolve any issues. More information can be found in our property services section.

Should I let my property be furnished or unfurnished?

There is no straightforward answer to this. Most of the time, the difference in rent between a furnished property and an unfurnished property is fairly negligible. It is your choice whether to let out your property unfurnished or fully furnished (e.g. with carpets, curtains and white goods in the kitchen). Any electrical appliances left should be tested and any soft furnishings left must comply with furniture and fire regulations. In Budapest it is not common for rental property to be let part furnished.

It’s not a great situation to think about, but what if tenants don’t pay?

This is generally stated in the tenancy agreement. Thanks to fully managed service, we will chase all late and unpaid rent plus utility bills, under terms set out in the tenancy agreement - It's worthwhile checking the Tenancy Agreement details. The property management agreement includes One month's rent guaranteed with Utility arrears repayment agreement. It’s one of the key motivations that landlords opt for our property management service as it minimises both the hassle and risk involved in letting out a property. Terms and conditions apply.

How long does it take to receive my rent?

Rent is sent monthly in arrears on the 20th of every month.

Can I increase the rent?

It is your property; it is, therefore, your choice who lives there. Sometimes this may not be the person offering the highest rent. At the end of the tenancy we will help you work out what the best course of action is for you. Should you choose to renew the contract, we'll help negotiate any rent increases with your tenants and ensure that both you and your existing tenants are happy.

Still have a question?

We also believe in plain-speaking, helping you make informed decisions with no last minute surprises.

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Propety management agreement - Terms and Conditions - Budapest

Lettings & Property Management What's included?