Franklin Connection

If you are reading this commentary you are either an possessor of a house abroad considering leasing your house out, or a potential renter wondering what your legal rights are. In Spain there are fundamentally two types of rentals, Short term and Long term rentals. Each kind of letting has its own form of leasing contract.

If an landlord you can advertise your letting house with www.clickholidayvillas.com. If a potential renter please search our selection of properties appropriate for long term rentals in Casares. We cater for both short as well as long term lets.

The astute landlord may have positioned the matter of leasing and contracts in the hands of a rental company or a lawyer. But to make certain you are completely happy, and equally as imperative, that you understand both the contract and the contract procedure do ask some key questions.

Then again, if you were lucky enough to find the tenant by your own means you might be able to deal with the topic capably making a considerable saving! As an indication of set up costs, for long term rentals the standard ‘finder’s fee’ for a renter is the first month’s rent. This is paid direct to the finder, so you as property-owner would actually start receiving rental payments during the second month of the contract period.

Hire contracts are wordy so do not just purely type something out yourself. Both the tenant and your good self might be quite happy to sign the agreement but you may well be at loggerheads and or even worse, potentially in a legal court wrangle later. If the DIY course appeals to you one can obtain a standard leasing contract form from some state owned tobacco shops, ‘Tabac’. The ‘tabac’ also provides among other things, government forms for taxation.

Short term rentals contracts, are called Arrienda de Temporada, and a contract for long-term rentals is called Arrienda de Vivienda. Both types of contract are covered by 1995 legislation Ley de Arrendamientos. This legislation established improved rights for both proprietor and tenant . The change in legislation provides renewal of long term leasing contracts for up to 5 year, whereas a short term rental is simply set for a definite occasion and at a declared cost.

What’s more the legislation also provides the owner with a right to 1 month’s rent for an unfitted home , and 2 months rent for a furnished property as a damage deposit. A third party can hold the deposit, such as the housing department of the local government, Consejeria de la Vivienda. If the landlord does not return the deposit in due time the legal interest rate will be applied as a fine.

It is possible that there will be annual rent increases. These are in line with inflation and take place throughout the rental period. Whereas a new level of rent is set at the beginning of a new contract.

Whether you are an proprietor or renter visit www.clickholidayvillas.com. Owners, if you desire to market for long term rentals in Spain, feel free to sign up. We cater for both short and long term lets.

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