Costs to foresee when relocating | Sofime le blog

Costs to foresee when relocating

During a relocation, one does not necessarily realize that there will be a lot of payments to make at the same time. So as to prevent bad surprises, you need to foresee all the costs, in order to have sufficient funds in your bank account on the D-Day !

     → 1st rent

Depending on when your lease starts, and how the rent is calculated, you will have to pay either a full month rent, or a prorated rent, which will be based on the amount of days covered by the lease in the first month.

     → Deposit

For a primary residence personal lease (which is the most common lease), the deposit is 1 month rent (charges deducted) for empty apartments, and 2 months rent (charges deducted) for furnished apartments. If the rental lease is a company lease, or a secondary residence lease, it might be even more! (see our article about the different types of leases, as well as the one about furnished / unfurnished apartment, for better understanding).

     → Agency fees

For a primary residence personal lease, the agency fees are regulated by law: it will be maximum 15 euros per sqm (incl. administrative + check-in fees). For company leases, and secondary residence leases, there is no maximum: it can rise up to 13% of the annual rent. If you rent your apartment directly with the owner, there are no agency fees.

     → House insurance

In France, having a house insurance is mandatory: you need to subscribe to a house insurance as soon as you have signed the lease contract. The estate agency will ask you to provide an insurance attestation on the day of the checkin in the apartment. If you do not have it, you will not get your keys… So make sure your housing insurance is valid starting the 1st day of the lease! The insurance contribution depends on the size of the apartment, how much protection you want against risks and on the value of your belongings. Count for a small 2 room apartment around 150 euros.

     → Moving costs

If you move with your furniture, do not forget to foresee the cost of moving. From one country to another, it can be very expensive.