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I am positive about the property Spanish market. I believe it's still a good one for investors and people who want to have a place in Spain. The good point of the current crisis is that prices still have a way to drop. Probably we will see better opportunities for everybody.

Twelve tips for Spanish rentals
Tuesday, August 31, 2010 @ 2:52 AM

 

Unfortunately, in Spain property rent is not as flexible and popular as it is in the UK. But it is picking up and it will be interesting to have some basic advice if you are renting your property to tenants or if you are a tenant who wants to rent bedroom or to rent a property in Spain.

Advice for landlords and owners

  1. MAKE READY THE PLACE-Make your place as best as possible for your new tenants
  2. SHORT PERIOD CONTRACT- If you are renting your place for a few weeks or for a few months, get paid in advance as much as possible plus the deposit, if possible. If it is for three months get payment in full. Arrange a “Contrato de temporada” –it means an agreement for a certain period up to eleven months.
  3. LONG PERIOD CONTRACT- If you are renting your place for a long period, beware that it should be from one to five years. If the tenant pay and meet the terms of the contract they can stay up to five years regardless your will.
  4. THE DEPOSIT- Get always one month deposit… it is compulsory by law and also it will cover you from any damage in the flat. You cannot miss it.

Advice for tenants

  1. LEAVING- Leave the place as it was… no more, no less.
  2. LEAVING- You must give a 30 days notice before leaving the place. Nevertheless, if you have a certain term contract –ie. 1 year contract, and you want to leave earlier, you have to allege a reason of force. A job reason is the most popular. Otherwise, you will be breaking the contract.
  3. THE DEPOSIT- Whenever you check out make sure that you work out with the landlord the deposit back. He is entitled to spend as much time as need to check it. Get receipt of any payment…. This is a must!!!
  4. PETS-

read the article in full in spanishproperty-newsandviews



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1 Comments


Spain travel deals said:
Tuesday, August 31, 2010 @ 12:20 PM

Thanks for this tips. There is usually the required coverage and then there is the optional coverage. Try to get as much information about driving in Spain and out of Spain to other countries with the rental. Some rentals have restrictions on which country one can drive to.

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