Property management in Prague

1. Three types of property management

On the Prague market, the term property management covers services that operate in entirely different ways. Before you start comparing prices, make sure you understand which type you are considering:

Our long-term management service is based on guaranteed rent. We rent the flat from you, sublet it to vetted tenants and pay you an agreed amount. This is why the pricing above on this page states how much you receive if a tenant does not pay and when the flat is vacant. We offer management in your name or a mandate agreement on request. For flats you wish to let to tourists, we offer separate short-term rental management. You can find a detailed description of the guarantee in our guide to guaranteed rent.

2. How much does flat management in Prague cost?

Our management fee is calculated as a percentage of the market rent that we agree together before signing the agreement: 11 % under the Yield option, 14 % under the Security option and 17 % under the Comfort option. This means that you retain 89 %, 86 % or 83 % of the rent. The difference between the options is what you receive when the flat is vacant between two tenants: CZK 1, 60 %, or 100 % of the agreed amount. If a subtenant does not pay, we pay out 100 % under all options.

Average rent in Prague according to our rent price map, updated on 20 May 2026. Calculation: average monthly rent × the owner's share under the relevant option, rounded to the nearest CZK. The actual amount is calculated from the market rent for your flat.

To compare the costs of letting independently: if you let a 2+kk flat yourself for the average of CZK 22,977 and it stands empty for one month a year, you lose an entire month's rent – more than 8% of your annual income – assuming the tenant always pays on time. You also need to factor in the time spent on viewings, handovers, reminders and annual statements of utilities. In our Pricing, we estimate this at tens of hours per year. You can calculate the market rent for your specific flat free of charge in our rent calculator. We prepare individual offers for apartment buildings, development projects and portfolios of multiple flats.

3. What exactly is included in the management service

When comparing offers, it is useful to keep in mind the list of services that property management should include. With us, the following are included in the price:

Minor repairs and routine maintenance under § 2257 of the Civil Code are paid for by the tenant – in our case, the subtenant. Larger repairs that are the owner's responsibility, such as replacing a boiler or an appliance at the end of its service life, will always be submitted to you for approval. We can arrange tradespeople, cleaning or gardening for a fee. We answer the emergency helpline during working hours (Mon–Fri 8:00–17:30) and outside them. Calls outside working hours are charged.

4. How we take your flat under management

1. Non-binding enquiry. Complete the form at the bottom of the page or call us. We will ask about the address, layout, condition of the flat and your preferred timeframe.
2. Inspection and valuation. We will inspect the flat and propose a market rent based on comparable flats let in the area, rather than asking prices on property portals.
3. Agreement. You choose an option and we sign an agreement, normally for 2 years or, if required, for a longer period. Under the Yield option, we pay from the first occupancy; under the Security and Comfort options, as agreed.
4. Preparation and advertising. We photograph the flat, prepare the listing and conduct viewings. If the flat needs minor improvements, we will recommend which ones are worthwhile.
5. Selecting a subtenant. We screen prospective tenants and present them to you. We will not move anyone in without your approval.
6. Handover and utilities. We hand over the flat with a report and photographs, transfer the utilities, and from that point onwards you communicate only with us.

On average, we let the flat within 27 days of handover by the owner. This is an average, not a guaranteed timeframe. The actual time depends on the location, condition of the flat, level of rent and time of year. If you already have a tenant in the flat, let us know when making your enquiry and we will agree how to proceed.

5. Points to consider for Prague flats

The Prague market differs from other cities primarily in the scale of differences between districts and types of building. In property management, this has several practical implications:

• Differences in rent between districts. The average for Prague as a whole is only indicative. A flat in Prague 2 or Prague 7 lets for a different price from a comparable flat on an estate in Prague 4 or Prague 10. We therefore always value the rent according to the specific street and condition of the flat. You can find average figures by district in the Prague rent price map.
• Older tenement buildings. Brick buildings dating from the turn of the 19th and 20th centuries, typical of Vinohrady, Žižkov, Karlín and Holešovice, are more likely to require repairs to utilities, windows or heating. For such a flat, it is worth knowing its condition in advance and agreeing the amount up to which the property manager may order repairs without your approval.
• Owners' associations and cooperatives. Most Prague flats are in buildings with an owners' association (SVJ). We recharge the association's annual statement of utilities to the subtenant, and you only need to forward it to us once a year. For a cooperative flat, check before signing that the cooperative's rules do not restrict subletting.
• New builds. A new flat is covered by the developer's warranties, and defects must be reported in time. We will therefore pass on every defect reported by the subtenant.
• Short-term or long-term rental. In central Prague, owners often consider letting to tourists. Both the return and the work involved differ from a long-term tenancy. You can compare the two in the long-term and short-term rental calculator.

6. Management of houses and tenement buildings in Prague

“House management” can mean two different things. If you own an entire tenement building or family house and let out its flats, we take care of occupancy, tenant selection, the technical condition and operation of the entire property. Find out more on the tenement building management page, where you can also request a tailored offer.

If you are a member of the committee of an owners' association, the association is responsible for managing the building under § 1190 of the Civil Code, while the property manager works for it as a supplier. We offer a professional chairperson for SVJs. We do not provide commercial facilities management, i.e. the operation of office buildings and technical systems. Our guide How to choose a property management company explains how to choose a manager for an association.

7. Owners who do not live in Prague

If you own a flat in Prague but live in another city or abroad, property management is the most practical solution: you do not need to travel for viewings, handovers or emergencies. We communicate with clients in Czech, English and German; payments, reports and photographs are available in the Client zone, and twice a year you receive a report on the condition of your flat.

Income from letting a flat in the Czech Republic is taxable in the Czech Republic, including for owners living abroad. You declare it under § 9 of the Income Tax Act and may claim either a 30% flat-rate expense allowance or actual expenses. Our article on rental income tax explains the process.

8. How to choose a property manager in Prague

There are many property managers in Prague, and their offers can only be compared if you ask each of them the same questions. Ask every provider these questions, not just us:

1. Who is the tenant's contractual partner? You or the property management company? This determines who bears the risk of non-payment.
2. What do you receive when the flat is vacant and when the tenant does not pay? Ask for both figures separately and in writing.
3. What amount is the fee calculated from, and what is not included? Ask about charges for advertising, handover, annual statements, repairs and ending the agreement.
4. How are tenants screened and who decides on them?
5. How quickly does the property manager respond to an emergency at night or over the weekend?
6. How often do they inspect the flat, and how will you be informed?
7. How long does the agreement last, and how can it be terminated – for example, if you want to sell the flat?
8. How can you check a company? Look it up in ARES, the Insolvency Register, and read both positive and critical reviews.

Bohemian Estates' Prague branch has a Google rating of 4.5 out of 5 (323 ratings, as of 14. 10. 2026). You can also read client reviews on our testimonials and experience page. For a comparison of an estate agency, property manager and guaranteed rent, see the article Letting a flat through an estate agency, with a property manager, or yourself?

9. Frequently asked questions about property management in Prague

How much does flat management in Prague cost?

With us, it is 11 %, 14 % or 17 % of market rent, depending on the option. Finding a tenant is free for owners. The price also includes a rent guarantee if the tenant does not pay and, depending on the option, for vacant periods too.

Which parts of Prague do you manage flats in?

In all districts from Prague 1 to Prague 10, as well as surrounding municipalities. You can find pages for individual districts in the list above on this page.

Can I choose the tenant myself?

Yes. We will vet applicants and introduce them to you, but you decide who will live in your flat.

What if I want to sell the flat during the agreement?

The agreement is normally concluded for 2 years. If you are planning to sell soon, let us know in advance and we will arrange a solution that suits your situation.

Do you also manage family houses and commercial premises?

Yes, we manage flats, family houses, apartment buildings and commercial premises. For houses and portfolios, we prepare a tailored proposal.