Possible Additional Expenses

There are two potential expenses that the renter should be aware of from the beginning. The first is the price for writing the rental contract. The second is rental taxes.

Contract Fee
Once an agreement is reached between yourself and the owner, it is time to write up the official contract. This is typically done at a lawyer’s office and comes with a fee. Expect to pay around 100 to 150 LYD for this service. The contract is usually written in Arabic so it may be a good idea to have a translator present. You will sign the contract and finalize it with your thumbprint.

Rental Tax
If you are renting for a business, you may need to have the contract tax stamped from the owner. In this case you should figure this cost into your budget as it will be added to the rental price. For example, if you are budgeting 6000 LYD/month, look for a property at around 5,000 LYD/month rent so that you will have room for this additional tax cost! If renting for a business, check with your finance department to see if this is something you will require.

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