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What minimum wage for renting an apartment?
The minimum wage for renting an apartment can be defined from the amount of the rent. The owners ask the candidate to justify a salary corresponding to 3 times the rent. You naturally wonder if for the rental of an apartment, a salary of 3 times the gross or net rent is required. This is, it is true, often not specified. This request is rather expressed in net salary. We can also draw a parallel with the acquisition of real estate where the bank requires that borrowers, in order not to exceed a high debt ratio, earn 3 times the amount of the monthly mortgage payments.
Example: if your net monthly salary is CHF 15,000, you will not be able to claim, alone, accommodation whose rent exceeds CHF 5,000 per month.
Apartment rental: the minimum wage, an essential brake?
There is nothing to prevent a landlord from accepting a file for the rental of an apartment with a minimum wage below the aforementioned threshold. On the other hand, the latter will select the most reassuring file, that is to say the one which, in his opinion, will involve the least risk of non-payment. And inevitably, the level of salary is an important element.
But he's not the only one. Thus, a real estate lessor may find it more appropriate to entrust his apartment at CHF 5,000 to a couple of civil servants who between them earn CHF 14,000 rather than to a self-employed person paid CHF 20,000.
When collecting the documents for your rental file, highlight your strengths such as job security, your marital status or certificates from your former landlords.
What solution for an apartment rental without the minimum wage
If for the rental of an apartment, the salary of 3 times the rent is not reached, other solutions make it possible to reassure the owner and to see his dossier accepted. When collecting the documents for the rental file, you can notably propose a guarantor.
This is a person with sufficient income who takes responsibility for paying the rent, in case of non-payment. This person must reside in Switzerland and provide proof of income in your application file.
Note that this solution should not be confused with the security deposit, which is a surety solution.
And if you want to find an apartment for rent at a lower price, go to the platform SherlockHomes.This article cannot be exhaustive and does not engage the responsibility of its author.
