Global Property Guide

Financial Information for the Residential Property Buyer


Latvia law is PRO-LANDLORD

Last Updated: November 10, 2006

Rents: Can landlord and tenant freely agree rents in Latvia?

Rents can be freely agreed between landlord and tenant. Rent control exists only on denationalized buildings.

Latvia Jurmala beachfront housesWhat rights do landlords and tenants have in Latvia, especially as to duration of contract, and eviction?

Contracts for any period are possible. Contracts terminate on expiry of the term; no notice is necessary. If the tenant withdraws from the lease, he can be required to pay the whole amount of the lease or rental payment. The freedom to contract is extensive.

Contracts for terms which are not specifically agreed are deemed to be contracts for an indefinite period. Contracts for indefinite periods terminate, unless otherwise agreed, only after six months` prior notice. This notice can be given by either party. However where the rental is paid monthly or weekly, only one week or one month’s notice needs to be given.

Deposits

There is no maximum deposit.

How effective is the Latvian legal system?

The Civil Law of the Republic of Estonia delineates the legal relationship and duties of participating parties in a lease and rental contract.

Latvia Riga houses and apartment for saleBrief history: Recent changes in Latvian landlord and tenant law

Latvia’s housing experienced radical privatization. In 1992 the process of restoring dwellings to former owners began, giving the residents seven years protection from rent eviction and from raising rents, after which the free market prevails. From 1995 state and municipality-owned houses began to be privatized, often without the land under the building being privatized, using privatization certificates.

     

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