Tag Archives: Brickell rentals

Ultimate Guide to Renting a Condo in Miami

1. Looking for the best possible condo for you! 

The search is the first step to renting your very own condo. Keep in mind that the Miami area is filled with a multitude of enticing condo options and we here at Brickell.com are confident that our listings are the best and most comprehensive available. Head over to our rent tab where you will see a dropdown of all the best rentals in Miami. You can search by specific neighborhoods like Brickell, Brickell Key, Downtown Miami, Edgewater Miami, and Midtown. 

2. Contact Us!

Ok, so you’ve settled on a property that you think is right for you. Great! Now its time to get in touch with us using the Request Details Form on the left side of each property page. It is very important that if you are interested in a property you contact us within 6 weeks of your planned move-in date. This is due to the fact that landlords prefer to avoid keeping the property vacant for extended periods of time. 

3. Let’s Meet!

After you complete the Request Details Form one of our specialized agents will reach out to you to arrange a date and time to take you for a walkthrough of the property. Our agent will work according to your preferences and will recommend other options based on what you desire if your first option doesn’t fit your needs. 

4. This step is if you are unable to visit the property.

If you are unable to come along with our agent to visit the property we will be happy to use Facetime, Whatsapp or take a video to give you a thorough walkthrough of the property. We will also take detailed pictures and provide all the information you need to make the right decision. If you have any questions or concerns throughout the process do not hesitate to ask our agent.

5. Sign the Contract and Make the Offer

After you have made your decision to rent the property you will submit an offer through a Contract to Lease that your Realtor will prepare and forward to you to e-sign. If your offer gets accepted, the following step would entail the landlord signing a formal lease which is usually prepared by the landlord’s agent or attorney.

FAQ – Commonly Asked Questions

1. In Miami is the Real Estate Commission covered by the landlord?

Yes, in Miami the Real Estate Commission is covered by the landlord so the tenant does not have to pay at all. In other major cities like New York this not the case however.

2. How does payment work when renting a condo in Miami?

In Miami first and last months’ rent is paid upfront along with a one-month security deposit when leasing a condo. Keep in mind that most apartment buildings have lower deposit requirements which we provide on Brickell.com.

3. What are the documents that I should have prepared when making an offer to lease a condo in Miami?

The documents that are absolutely necessary when making an offer are your Photo ID, Proof of Funds(employment offer letter or 3 most recent pay stubs), and your most recent credit report with the credit score. This is necessary because some Landlords decide to go through their own approval process which mirrors the Association approval process. This is carried out first to see if they will agree to the Lease with you. 

4. When you rent a Miami condo who pays monthly condo association fees?

In Miami, the monthly condo dues or maintenance fees are paid in full by the landlord. Among the utilities covered include water, sewage, and trash removal. In the newer buildings, the condo dues may also cover services like TV and/or internet.

5. Is it possible to sublease a rented condo in Miami?

Unfortunately subleasing through AirBnB and other services is not permitted in Miami. You can only use these services if you own a property. 

6. What should I keep my eyes open for during the walkthrough?

Your agent will assist you in this process but be on the lookout for:

  • Cleanliness of the unit
  • Any damages that have not been reported
  • Fully functional appliances

Remember that you and your agent will be taking photos and videos the day of you gaining possession of the unit to document the condition. 

7. When will I receive my security deposit back from the landlord?

According to Florida law, the landlord has a total of 15 days to return your deposit if there are no damages. If the landlord decides to claim for damages, a written notice must be provided to the tenant by certified mail along with the landlord’s reason for writing the claim. If the tenant does not dispute the claim within the 15 day period of receiving the notice, the landlord must return the balance of the security deposit within 30 days after the notice was received.

8. After the expiration date on the lease, what should I do to get my deposit back?

Make sure you reference your lease. The standard Florida lease allows for normal wear and tear when it comes to renting a condo in Florida. Although, if the lease was drafted by the landlord’s attorney different stipulations may be involved. It sometimes occurs that landlords demand the property to be in the same or as close to the same condition as it was when the lease began. 

9. How long does it take to get back a Common Area Deposit?

1-2 weeks is the normal time frame following moving out of the building and contacting the building’s management office to formally request the return of your deposit.

10. What about breaking a lease if you’re renting?

Breaking a lease is not recommended but if you need to the fine is typically a 2-month penalty. 

Best Short-Term (Airbnb) Rental Buildings in Brickell

Short-Term Rental Developments in Brickell

Miami is one of the country’s prime tourist hotspots and makes for an enticing location for investors interested in buying a condo specifically for its value as a short-term rental investment. Brickell is one of the best neighborhoods in Miami to engage in short-term rentals. The process of engaging in short-term rentals is tricky though so be sure to follow through with all the steps. Miami has the steepest short-term rental fines in the country so you should be meticulous in your hunt to acquire the perfect condo. Miami represents a massive market for vacation rentals. It is one of the prime places to engage in short-term rentals, so definitely look for the right condo building, just pay close attention to the fine print of not only local condo association bylaws but the rules governing each area of Miami-Dade County.

Short Term Rental Scenarios to be aware of:

  • You may encounter a condo building that doesn’t allow rentals unless you have owned the condo for a year or two
  • Most condos do not allow less than 6 month rental periods
  • In buildings where short-term rentals are allowed, many condo associations limit total number of allowable times you can rent per year
  • Condos that allow owners to rent out short-term rentals, may have rules restricting leases to 90 day minimums, 30 day minimums, and some may even permit daily rentals

Legalities condo owners in Miami-Dade County must follow to legally issue a short-term lease include:

  • Hosts are responsible for guests knowing all applicable rules of the building
  • If the condo in question is within 2,500 ft of a school, owner must perform a thorough search of sex offender registries to make sure that no guests who have records stay on the grounds
  • Hosts must be available at all times to deal with problems arising with the police
  • Owners must acquire a certificate of use for a property as a rental 
  • Hosts must maintain a registry with the names of all renters, including the guests of those who rent the property
  • According to the Miami Herald: “The maximum overnight occupancy at any short-term rental should not exceed two people per room, plus two per property for a maximum of 12. During the day, capacity is limited to 16 people”

New Short-Term Rental Construction: 

Natiivo

One of the most innovative and anticipated projects of the next couple of years, Natiivo condos in Miami is going to be something to behold. The luxurious Natiivo condo powered by Airbnb is being designed to encourage and support home-sharing. One of its unique primary advantages is allowing short term rentals without restrictions to owners. Natiivo is being developed by Newgard Development Group who had previously completed Centro tower in downtown Miami in 2016. Centro had been known for its innovation at the time with its car-less building and no parking garage. As of this moment Natiivo’s Miami project, with a planned 604 units, is expected to open around mid-2022, with prices beginning at a cost-effective $300,000.

At Natiivo property owners have the ability to rent their homes. In total they will have four distinct options:

  1. Use their condo as a primary residence
  2. Let Natiivo rent their condo
  3. Utilize their condo as a vacation home
  4. Rent out their condo by themselves through Airbnb

Smart Brickell 

Smart Brickell Condos is located in the booming Brickell financial district in Miami, Florida. Smart Brickell will consist of three towers, the first tower is already under process for contract. Smart Brickell is designed by the renowned interior design firm Arquitectonica Interiors who explores the challenges to develop design solutions capable of addressing a bold and modern aesthetic while offering clients two key features that align with our SMART philosophy: smart architecture and smart interior design. Smart Brickell is a LEED certified development. Each Smart Brickell property features Nest , LIFX, ALEXA, and “SmartCondo” the concierge app that integrates all the SMART functions of the properties.

Short -Term Leasing at Smart Brickell

  • Lease Back Program
    Smart Brickell offers the opportunity to manage and rent your property through the building’s hotel services.
  • Short Term Rental
    Smart Brickell units are 100% approved for sub-leases through Airbnb’s platform.
  • Individual Rent
    Owners can choose how or to whom they rent their property.
  • Personal Use
    Smart Brickell’s location and amenities make it the ideal housing option for young professionals.

 Yotel Pads

YOTELPAD Miami Condos are located in the financial hub of Downtown Miami. This contemporary condo experience consists of 231 Residential Units and comprises of Floors 15-31 of the YOTELPAD building. YOTELPAD located in Downtown Miami will be positioned within walking distance to many of Miami Florida’s hottest and trendiest restaurants, including high-end shopping and major entertainment venues as well. Brickell, South Beach, Miami Beach, and the Miami International Airport are all just minutes away. YOTELPAD is unique in that it will include shared amenities as well as exclusive spaces for owners. With no rental restrictions, ownership of these brand new homes makes the perfect experience for anyone looking to purchase in Downtown Miami.

 Existing Short-Term Rental Construction:

Icon Brickell Tower 3

Icon Brickell Viceroy Tower 3 or the West Tower is located in the heart of Brickell. Standing 50 stories tall, Icon Brickell Viceroy Tower 3 has 520 units, 148 of which are resort units. Condo units offered are studios to two bedrooms. Icon Brickell was developed by The Related Group and designed by the world-renowned architects at Arquitectonica. Philippe Starck was the interior designer. On-site trendy and fine-dining options at Icon Brickell 3 include La Cantina No. 20, Cipriani, and American restaurants 15th & Vine Kitchen & Bar. The central location of Icon Brickell 3 makes it a close drive from an assortment of hotspots like American Airlines Arena, Adrienne Arsht Center for the Performing Arts, Marlins Park  Bayfront Park, the Design District, and the Port of Miami. As a result of the hotel component, Icon Brickell Tower 3 has the least restrictive rental policy. Short-term rentals are permitted. Tower 3 condo owners may rent their units on a daily, weekly, monthly, or annual basis.

The Club at Brickell Bay

The Club at Brickell Bay is renown for luxury waterfront living.  Located in the heart of the booming Brickell district of Miami, Florida at 1200 Brickell Bay Drive, the building is merely one block from Biscayne Bay.  What once was primarily a financial district is now a thriving residential community offering a live-work-play lifestyle that was made famous in areas like New York City. The Club at Brickell is the epitome of this lifestyle with in-house amenities that include restaurants and shops. At 42-stories high, The Club at Brickell Bay is 411 feet tall lending residents skyscraper city and bay views amid 643 spacious units. The Club at Brickell Bay also occasionally functions as a hotel inviting visitors from around the world to experience the lush lifestyle of this exclusive building. This makes it a hot short-term rental location. Rooms are available with full or partial city and bay views. Just like the condominium units, each room features a fully equipped kitchen. They also include high-end linens, down comforters, contemporary furniture, cable television, DVD players, and high-speed Internet access.

Fortune House 

Fortune House condo in Brickell Miami is a condo-hotel located in the heart of the neighborhood adjacent to the always popular  Mary Brickell Village. The Fortune House condo building was constructed in 1998 with 296 condo units. The condominium stands 29 stories high with the floor plan ranging in size from 600 to 1,000 sq ft. The building consists of one and two-bedroom units. The Fortune House condo at Brickell Miami offers a wide variety of amenities such as a heated pool, exercise facility, valet, security and covered parking. Fortune House Hotel features units appointed for both short- and long-term stays. 

Maizon at Brickell - Cover

Maizon at Brickell – Brickell’s Latest Pre-Construction Development

Brickell continues to be Miami’s “hotspot” for real estate development. Maizon at Brickell is one of the latest pre-construction developments to call Brickell home.
Zom, an Orlando-based apartment developer, and Invesco Real Estate, a global real estate investment manager, recently broke ground on this exciting new project.

maizon at brickell building

Maizon at Brickell promises to be one of Brickell’s most distinctive projects, as it will be comprised of both 8- and 19-story mid-rise and high-rise structures with an attached parking area. This development is set to have 262 units housed within a 23-story tower, as well as 21,000 square feet of retail space, and 2,500 square feet of office space.

Maizon at Brickell is within walking distance of Brickell City Centre, Mary Brickell Village, and Brickell Avenue and Miami Avenue shopping and dining. There are over 50 restaurants within a five-block radius of Maizon at Brickell, making this a fantastic choice for food connoisseurs. The development will feature courtyards, as well as an amenity deck and pool on the ninth floor.

maizon at brickell sidewalk view

The project location will be on Southwest 2nd Avenue between Southwest 11th Street and Southwest 12th Street. And, the project will replace a handful of older apartment buildings on the 1.27- acre site spanning across 1100, 1132, and 1141 SW 2nd Avenue, and 221 to 237 SW 12th Street.

Zom purchased the project location site for a little more than $6.7 million, and secured a $51.8 million dollar construction loan from Santander Bank. In total, Maizon at Brickell will span around 424,258 square feet and will include 366 parking spaces and 24 bicycle spaces.

Maizon at Brickell will be a rental community and ZRS Management will deal with leasing and property management. The development is slated to be completed in early 2019, and pre-leasing will begin in 2018. If you are interested in more information regarding Maizon at Brickell, contact me at Brickell.com, and I will be more than happy to help you learn more about this development or any other Brickell community.