KPA continues renting agricultural properties
Among its many tasks, the Kosovo Property Agency (KPA) has a mandate to operate a Voluntary Rental Scheme for properties administered by the KPA on the request of successful claimants. The Voluntary Rental Scheme makes it possible for an owner or property right holder (PRH) to receive an income by authorizing the KPA to rent out their properties until they decide to use them in another manner. The scheme also makes it possible for people who are interested in renting a residential, commercial or agricultural property for their own use to do so through the KPA.
For an owner or PRH, the Voluntary Rental Scheme provides legal and physical protection for their property, and when the property is rented it ensures a modest income from the property for the owner or PRH. For those who choose to rent properties, the Scheme makes it possible for illegal occupiers to legalise their use of other people’s property through a rental agreement entered into for a specified period with the KPA, which acts on behalf of the owner or PRH. Such KPA services are applied consistently, and with openness and transparency; all parties involved are treated in a sensitive manner.
There are currently some 4,184 properties under KPA administration out of which 2,911 are residential properties, the responsibility for which the KPA inherited from its predecessor, the Housing and Property Directorate. The total number also includes some 1,268 properties which were the subject of claims addressed directly to the KPA (1,210 Agricultural, 2 commercial and 56 residential). To date, some 955 properties are rented and it is expected that this number will increase.
The average KPA rental price for a residential property in Kosovo is 60 Euros. The highest rent obtained to date is €209 for a 200sqm property in Pristina, while the lowest rent obtained was €15 for a 25sqm property in Kamenica. The rental price varies according to location and size of the property as well as its state of repair.
The rental price for agricultural properties depends on the size, class and condition of the land rented. Rent varies from 20 to 64 Euros per year and is paid on a yearly basis.
There is a fixed formula for calculating the rent for residential, commercial and agricultural properties, which can be viewed at any time by visiting the KPA web site.The rental amount is not negotiable by the owner or PRH or the tenant. If the owner or PRH believes that they can obtain a higher rent for his or her property, he or she can withdraw the property from the Voluntary Rental Scheme at any time subject to the completion of any contractual obligations to rent the property entered into prior to a decision to withdraw the property from the Rental Scheme.
For all those who would like or need to rent a property in Kosovo, the KPA Voluntary Rental Scheme remains one of the solutions available and can in many cases be of benefit to both the owner or PRH and the tenant.
The KPA has recently noticed increased interest from people who wish to rent agricultural properties in the Gjilan/Gnjilane region. The KPA has to this point managed to rent 10 agricultural properties and in the main the persons renting the properties live nearby. When the rent has been paid, this has provided the tenants with security for growing crops since there will be no KPA eviction before the crop is harvested.
For those who are interested, it is easy to become a tenant. All that is needed is a visit to any KPA regional office where the necessary assistance and information about how to rent a property under the KPA Rental Scheme will be provided.
All agricultural properties available for rent will have a large green notice placed on the property so that any person interested in renting the property will know that the property is available. Available rental properties can also be viewed by searching on our web site www.kpaonline.org.