Expats, Moving to Germany

Renting in Germany — The Ultimate guide for Expats

Are you looking to renting in Germany? Let’s connect with Ocyan

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New country, new home. However, finding a new dwelling to live in Germany can be tricky, especially for Expats. In this short guide we help you go through this process.

How to find the right accommodation

As Germany’s economy continues to grow, more people take the decision to relocate. This obviously create a competition and as a result, scoring the right flat in Germany can be tricky.

Renting in Germany – 4 links to check

First thing’s first the most common way to look for a place is online. The portals that have most of the listings are:

Other Useful Links

By browsing these portals there is a good chance you will find the perfect accommodation. If you’re still struggling, Ocyan gives you another list of useful links to check for renting in Germany, both for professionals and students. Keep reading and good luck!

Moreover, what if you find the perfect house solution but you can’t afford it because it’s near a top-rated area, or because your liquid availability is limited? No worries, Ocyan has the right solution for your problem! Keep reading to know more about the rental deposit support.

Rental deposit Guarantee

Housing terms to renting in Germany

  • Kaltmiete — Basic (cold) rent with no furniture or operational costs
  • Warmmiete — The basic rent plus utility and maintenance fees
  • NK/BK: Nebenkosten/Betriebskosten — additional costs for water, heating and insurance
  • Kt: Kaution — this is the security (Guarantor) deposit that must be provided to book the place before moving in. This is usually equals to 3 months rent.
  • WG: Wohngemeinschaft— shared flat
  • Provisionsfreie — commission free (no broker fee)
  • EBK: Einbauküche – already fitted kitchen
Accommodations for rent in Germany
Photo by Naomi Hébert on Unsplash

Required Documents For Renting in Germany

Preparation is the key. If you find a place that you really like and you want to book it right away before somebody else does, you may have some documents ready.

When you rent a property in Germany your landlord indeed will ask for some papers. You are expected to provide:

  • Proof of ID, a photocopy might be handy of your EU ID or Passport
  • Your last 3 payslips or 3-Months dated bank statements
  • Your SCHUFA Score* (see bellow)
  • A rental-release confirmation from your last Landlord (Mietkostenfreiheitsbescheinigung) — This is a simple letter from your last Landlord, confirming that you have payed out all of your previous rent
  • Application Form — This is usually attached by the estate agent when you receive your application
  • Rental Contract (Mietvertrag)—expect your contract to be in German

About SCHUFA, this is your German credit score. If you are not familiar with the concept, a credit score is a numeric representation of the creditability of your profile, based on your financial history. To start having a SCHUFA score, you would first need to register to the local registration office, read more about it here.

Check these links for renting in Germany

If you are still looking for your ideal home, check these links for renting in Germany:

Long -Term Lets

Short-Term Lets

Housing Solutions For Students

The perfect housing solution at hand

Find an accommodation in Germany
Source

Arguably, one of the most difficult parts of securing a place to live in Germany is the fat deposit that you will need to pay. Most of the times, the rental deposit can reach up to an equivalent amount of a 3 Months’ cold rent. This pile, in addition to the costs of relocation can challenge anyone’s cash capabilities.

Save your rental deposit now!

The rental deposit guarantee makes it more feasible for you to find the perfect housing solution without making any compromises. Subscribe for free on Ocyan and apply for rent deposit support online. It’s easy and ensures liquidity and financial freedom.

At OCYAN you can connect with the best providers that offer you secure rental deposit guarantee, household and third-party liability insurances that can lower vastly the upfront costs, your stress and the hassles of the relocation.

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