How to Rent Out Commercial Property in Georgia | Unlim.ge

To rent out commercial property in Georgia, prepare the space and the paperwork, set the rent by comparing similar offers in the same area, publish a listing with the details businesses care about and sign a written lease. A tenant looking for an office, shop or warehouse cares about foot traffic, floor area, power capacity, parking and lease terms rather than decor. This guide is also for foreign owners who bought commercial property in Tbilisi or Batumi as an investment. On Unlim.ge you can list commercial space for rent for free, with filters by city, district, price and area.

Preparing the space and documents

• Public Registry extract: a tenant or their lawyer will almost certainly ask for proof that you own the property.
• Use and condition: which businesses can operate there, whether there is a separate entrance, shop window, bathroom and ventilation.
• Utilities: allocated power capacity, gas, water, internet, air conditioning. For cafes and production these are deal breakers.
• Minor repairs and cleaning before the photos. A clean empty space is easier to assess.

Setting the rent

• Compare listings for similar spaces in the same district, on the same street and floor.
• A ground floor unit with a shop window on a busy street rents for much more than a courtyard or basement unit.
• Decide whether utilities, taxes and building maintenance are included.
• Consider a discount for a long term or a rent free period while the tenant fits out the space. It is a common bargaining point.

A listing tenants will notice

1. Title: type, area, city and district, key advantage, for example "Retail space, 60 m², Tbilisi, Saburtalo, street front".
2. Photos: facade and entrance, shop window, every room, bathroom, electrical panel.
3. Specs: area, floor, ceiling height, power, parking, separate entrance.
4. Suitable uses: office, shop, salon, cafe, warehouse.
5. Terms: rent, deposit, minimum term, what is included.
6. Text in two or three languages. Unlim.ge works in Georgian, Russian and English, and many local tenants search in Georgian.

Lease and deposit

• Always a written lease describing the premises, rent, term, how the rent can rise and how either side can end the lease.
• Deposit: usually one or more months' rent. State when it is not returned.
• Fit out and alterations: what the tenant may change and who pays.
• Handover report with photos of the condition and meter readings.
• For a large deal, have a lawyer review the lease. If you are not fluent in Georgian, ask for a bilingual version.

Tenant checks and tax

• Check the company in the business registry: who runs it and how long it has operated.
• Ask about the business: what they will do, how many staff and visitors, whether they need alterations or signage.
• Tax on rental income depends on your status: individual, individual entrepreneur or company, resident or non-resident. Check the rate and filing rules with an accountant or the Georgian Revenue Service.

Frequently asked questions

What documents do I need to rent out commercial property?

A Public Registry extract proving ownership, the owner's ID and a written lease with a handover report.

Can a foreigner rent out commercial property in Georgia?

Yes, if the property is registered in your name. Check your tax obligations with an accountant before signing the lease.

How much does it cost to list a property for rent on Unlim.ge?

A basic listing is free. You only pay if you want to promote it to the top of the results.