Housing/Renting in Denmark

Housing/Renting in Denmark

As soon as you land in Denmark’s famous Copenhagen International Airport in Kastrup, the first thing that will clearly stand out is a need for housing. If you are lucky to have made prior arrangements for accommodation before moving to Denmark, issues of housing won’t be a bother. In the event that you plan to search for and get a housing on arrival, its a necessity to really pick out the best.

Denmark is one of the best countries to live in the world. It comes second after Finland with a high living standard and a high average salary for its employees. Additionally, living and working in Denmark is enjoyable because of the presence of international companies. Are you looking for a place to work and enjoy family time, Denmark is the place to be. The housing market in Denmark is quite unfavourable.

House renting or buying in Denmark

Denmark’s house renting or buying terms are quite complex for everyone to understand. They have unique rental terms for the different dwellings in the country. If you are new to the country, you must understand what each term stands for.

Buying a house in Denmark does not necessarily make you a permanent resident.  The house owner must continuously adhere to the residential conditions laid down in the resident permit. Luckily, if you are an EU citizen, you can apply to be a permanent resident after five years. What’s more some cities like Aarhus and Copenhagen have proven to have very high house rents.

Rental Laws in Denmark

In Denmark, rental apartments are known as Lejeboling. They come in different styles according to one’s preference. Some may be fully furnished while in others, furnishing is only in the kitchen area. However, anyone is allowed to rent in Denmark as long as they are legal residents.

The housing tenancy of Denmark varies from city to city with some having six months to a year tenancy. The tenant is required to pay a deposit as well as the rent before renting the house. The landlord is not allowed to evict a person before the end of the term unless he is doing it under the contract. However, many tenants do not get their deposit back. This is especially when they have damaged the property or belongings.

When increasing the rent, it must be as per the general price increase in that area. The houses are to be inspected two weeks before it is leased to a tenant. However, rental requirements for foreign citizens and EU citizens are quite different. For instance, a foreign citizen has to sign various mandatory documents as well as provide a job contract before renting a house. On the other hand, EU nationals only have to show proof of their legality.

House-Owning Laws in Denmark

When planning to buy and build a house or a home in Denmark, one has to use a guide. This is to avoid making losses or getting duped. The Danes have specific types of houses for different kinds of ownership. In the countryside, they have houses also known as Hus while their cities have apartments. It is important to be well informed about their terms to ensure that what you wanted is what you bought.

There are a few things to consider when buying a property in Denmark;

One must have lived in the country for a minimum of five years. However, if you wish to leave the country before five years of residence you will have to sell the house. If buyers are not EU or EES citizens, they need permission from the Danish ministry of justice. This is before purchasing the house.

When purchasing a house in Denmark also requires the buyer to have a great credit score with the bank.  The credit score will determine whether you will get a mortgage or loan from these banks. The transaction must include a purchase contract or agreement, and a deed of conveyance from a certified attorney. Both parties must sign the agreement. After signing the contract, the buyer is to put down their first deposit according to the agreement.

What to know about Housing in Denmark

Moving into a new space comes with a lot of excitement. Change is quite contagious and at some point, you might forget the most important things while planning to rent or buy a house in Denmark. Apart from the laws and regulations, some utilities must be catered for. These include water, gas, electricity, and the internet.

Water Connection in Denmark

What you will love about Denmark is the decentralization system of water. Therefore, it does matter where you stay, you will find a great water supply at their homes. The downside of this is that the water supply comes with higher bills as compared to other countries.

The cost includes VAT, drinking water, and wastewater among others. Therefore it is advisable to use Danish water wisely while staying to avoid extra costs.

Gas and Electricity Connection in Denmark

The supply of electricity in Denmark is by two operators, a network operator, and a supplier.  The supplier deals with electricity while the operator will supply wires and cables to distribute the energy. However, they all work together to reach the goal of supplying energy to your house.

As for the gas, it is advisable to contact the supplier early. Do this two months before moving into the house to avoid inconveniences. You will find many dealers in this field that allow freedom of choice and flexibility in the market.

Can you Rent out your Home in Denmark?

Housing in Denmark is tricky but did you know that as a homeowner you can rent out your apartment? One of the advantages of renting out your house is that it gives you a transition period. For instance, if you need to be abroad for a certain period, instead of selling it, you may rent it out. It is a good option as an alternative to leaving it idle.

When you rent out your home, then you are assured of a continuous income. Through this strategy, you will get a chance of getting a permanent monthly income. The good thing is that the tenants will also pay the expenses by themselves.

Furthermore, there is no loss in renting your home. This is true especially if you have a planned relocation date. It is good as compared to selling your home which highly depends on the market rate. In some cases, you may risk selling it at a cheaper price as compared to the one bought it at.