I hope the moderators do not object to me posting this here. But in the current climate of more people coming to Spain looking for long lets and the problems that this can bring to landlords I think the scheme I discuss could be useful to landlords.
I have run a property rental website for Spain for the last 8 years. So my knowledge is extensive on the issues surrounding property letting. Hence this posting.
Due to a number of my advertisers having had difficulty in removing tenants from their property following a long let this year. I decided to do some research into methods of preventing this.
If you own a property that has a long let tenant in Spain it can be notoriously difficult to get a tenant out if they do not want to leave. More so if they have been in there for more than 12 months. It can take at least another 18months, lots of cash and no rental income to get them out.
With more and more people coming from the UK looking for a long let property rather than buying this type of thing may recur more and more often.
I have found a solution. A company that does a thorough reference check on the prospective tenants. If they pass the reference check they sign a special declaration / contract. This contract means that if at the end of the tenancy or if they are ever in serious breach of contract they can be removed from the property in less than 6 months, often inside 2 months. They are issued with a letter of court proceedings within 25days. This normally takes many months.
Because of the association of the company with the judiciary in Spain,(an agreement between the two) the 25 days is a reality.
Not only that, but the company will pay the monthly rental until the bad tenants are removed. (Assuming that the tenants have stopped paying rent).
Currently the scheme is for 6 or 12 month lets. The scheme will have a minimum 3 month let option.
If anyone is interested in this scheme please get in touch with me via PM for more details. Phil