Monday, June 4, 2012

Corporate lease vs. Private Lease--Stockholm

We have touched on the fact that the rental market in Sweden is limited. When supply and demand are no aligned, a niche market can appear.  Since taxation laws in Sweden entail that being a landlord is not financially advantageous, the investment properties are few.  The typical rental property is owned by a family that is being moved abroad for an expat assignement.



Therefore, landlords can usually pick and choose to whom they rent to and large publicly noted companies are preferred.  So, what to do if your company will not sign the lease on your behalf? Ask them to sign a letter of guarantee of all rent and damages.  This will increase your chances of being chosen. Those with a company to sign the lease or ability to produce a letter of guarantee unfortunately will not be as popular of a tenant.

Fret not though, if you come prepared and make a good impression you should still find a suitable home.  You may not have as much to choose from as a corporate tenant per se but if you act quick and is amenable to the landlord you will find a home.

A mistake we have seen many times is when those coming from abroad have not received an explanation of our market.  When expectations are properly aligned, positive result usually ensue. Remember, your rental market or what you would get in your homeland is not relevant to the market you are entering. 

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