FAQ — Property management
Agency vs self-management, software, rent receipts, listings, tenant selection — everything about managing a rental property in Belgium.
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The agency handles everything (listings, viewings, inventories, rent collection) but costs 5-10% of annual rent. Self-managing is free but requires time and legal knowledge.
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Several solutions exist: BailBelgique, Smovin, Rentila, Ublo. The choice depends on the number of properties, desired features (receipts, accounting, indexation) and budget.
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It is not mandatory but the landlord must provide it free of charge upon the tenant's request. It certifies that rent has been paid and protects both parties.
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The landlord pays the management fees. Listing costs (advertisement, viewings) are also borne by the landlord. The agency cannot charge the tenant for the search.
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The rent, charges (estimate or flat rate), EPC certificate (class and value), floor area in Brussels, and the deposit amount. The landlord's or agency's contact details are also required.
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ID, the last 3 pay slips or tax assessment, employment contract, and optionally a reference from the previous landlord. Requesting a criminal record extract is prohibited.
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It is a contract by which the landlord entrusts the agency with managing the property: collecting rent, handling repairs, managing inventories. Its duration and termination conditions must be specified.
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A simple Excel spreadsheet may suffice for 1-2 properties. Beyond that, property management software automates payment tracking, reminders, indexation and receipt generation.
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Check solvency (rent < 1/3 of income), references from the previous landlord, and job stability. Comply with anti-discrimination law: no selection based on origin, sex, disability or family status.
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No, property management fees are not deductible for individuals. They are only deductible if the property is held through a company.
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Property management software automatically calculates indexation on the anniversary date and generates the notification to the tenant. BailBelgique also offers a free online calculator.
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1. Contact the tenant (call, email). 2. If no response, send a formal demand by registered letter. 3. Propose a payment plan. 4. As a last resort, petition the justice of the peace.
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Yes, by respecting the termination conditions of the management mandate (notice period, possible indemnity). The lease with the tenant is not affected by the change of agency.
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The landlord's fire insurance covers building damage. Add third-party recourse and legal protection. Also require the tenant to take out tenant liability insurance.
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Digitise all documents (leases, inventories, receipts, correspondence) and store them in a secure cloud. Property management software often includes a built-in archiving system.
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The syndic manages the co-ownership (common areas, general assembly). Property management handles the relationship with the tenant (rent, maintenance, lease). They are two separate mandates.
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Prepare the EPC certificate, the standard lease, the list of charges. Make the property clean and well-lit. Have an application form ready and verify supporting documents on site.
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Property management software sends automatic email reminders in case of late payment. You can also set up a direct debit to avoid missed payments.