Renting long term in Prague - what shall I know?

Can I rent on a month to month basis?

Yes, this could be a possibility but you must keep in mind that this type of agreement has a one month notice period for termination on both sides.

Do I need to pay for utilities or are they included in the rental fee?

In most cases the utilities are not included in the rental fee but this can be negotiated with the landlord.

How much deposit do I have to pay the landlord?

The security deposit payable to the landlord is usually two months rent.
 

Can I have overnight visitors?

Yes, this is not a problem as long as they don't become regular tenance.

Who do I call if there is a power shortage?

In case of a power shortage you should call the landlord, contact person or the management firm depending on who you are renting from.

What form of payment does a landlord accept?

Under normal circumstances a bank transfer is the preferred form of payment but cash is also acceptable.