What can I do if my rent is “way” over the market price?

There is a maximum threshold for how much rent a landlord can take. This is due to the fact that a private individual can’t let his/her property second-hand with a ”for profit” purpose. However, it´s not unusual that landlords charge a much higher rent than they are allowed. Therefore, you should make sure to do some research on what the reasonable rent for that particular property is.

So, what is a reasonable rent?

The short answer is that it depends on several circumstances. E.g. whether the apartment is changing hand for the first time or further down the stream of tenants.

The longer answer is that it depends on the type of property and means of tenancy (there are different rules and regulations in the Tenancy Law regarding this).

The different scenarios:

  1. For example, if you are looking for a house or apartment to rent, a reasonable sum is what follows a fixed list based on maintenance costs and capital costs.
  2.  On the other hand, if the apartment is rented (first-hand) the tenant usually pays what is reasonable on a determination of similar properties.
  3. If it is let second-hand (often the case for newbies in Sweden) the reasonable sum is the price the landlord pays and some additional costs for furniture (if provided) and other reasonable additional costs (e.g. utilities). If you rent a room in an apartment (also often the case for newbies) the total costs for the property are calculated and divided accordingly.

Landlords can be held liable to return the sum in excess. In order to do so, you need to bring a proceeding reclaiming the sums in excess.

Don’t miss out! Get updates on new articles, opportunities and other goodies by signing up for our newsletter.