Perhaps you own a Spanish property or holiday but don't get much of a chance to use it. Having an empty house in Spain is a missed opportunity. You have to pay expenses and taxes, even if you don't use it.
When renting a property in Spain, in the majority of cases, and as stated in Spain's rental law (LAU), you will be required to pay a deposit to cover possible damages that may arise during the lease. But what happens if the owner refuses to return your deposit in Spain at the end of the contract?
Spain’s National Bureau of Statistics (INE) reported in April inflation hit 9.8% Year-Over-Year during March 2022 (up from 7.6% on the previous month). This is the highest figure in over 37 years, since 1985.
Record inflation levels in Spain are resulting in many tenants having their monthly rent raised by landlords, not to mention the ongoing war in Ukraine which is having a further effect on the Spanish economy. The question is, can my landlord increase my rent due to rising inflation?
Inflation in Spain hit 7.6% Year-Over-Year during February. This is the highest figure in over 33 years and is a major source of concern.
There are several factors behind this sharp rise.
When renting a house, it is important to pay close attention to the contractual information in order to avoid any surprises or damages that may arise. There are different types of rental contracts, depending on the time and type of property.
Following the recent modification of the legal status of pets in Spain (Law 17/2021, of 15 December) in which they are now considered "living beings endowed with sentience" and not simply things as they were previously, many doubts have arisen in relation to how this reform affects leasing contracts
When signing a rental contract for a property, both parties do so with the intention of not breaking it prematurely, but the reality is that there are times when the tenant or the landlord decides to end the agreement.
In large cities in Spain, such as Madrid or Barcelona, where the price of renting a flat is beyond the economic possibilities of many people, renting individual rooms is an increasingly common practice. But what does this look like, and what are the most common doubts about the process?
The demand to rent property in Spain has been growing for years. Among expats with investment properties in Spain this is not news, they have long been tapping into this market for short-term and long-term rentals.
Renting out property in Spain has been highly profitable for landlords over the last years (Covid-19 pandemic notwithstanding). Landlords can expect net yields of 5% p.a. If to this you also add in the capital appreciation, you’re looking at two-digit gains per year.
If you are renting out your property in Spain, being insured is, without a doubt, the only way to have peace of mind, and the best way to have peace of mind is to take out rental default insurance.
A question we frequently get asked by clients is if they should be paying 1 or 2 months’ security deposit on renting out in Spain. The short reply is it depends.
The leading real estate marketplace in Spain, idealista, has launched a new service that allows the creation and remote signing of rental contracts for real estate agencies, landlords and tenants.
It is in times of uncertainty and crisis that scams become more and more evident, with many people in many areas breaking the rules and laws for their own benefit.
Last week I had to deal with a case in Barcelona that is a prime example of why you should be wary of signing reservation contracts on renting in Spain.
With the excuse the property was in a highly sought-after location, and someone else could snag it, the tenant was forced to pay a non-refundable
The following is a list of clauses commonly mis-used in long-term rental contracts in Spain. This article refers to the lease regime under the Spanish Urban Tenancy Act affecting long-term rentals.
Tenant’s top five A verbal contract is better than a written one. No, not really. Although verbal contracts in Spain are equally valid to written ones, the problem lies when there is a disagreement. It is very difficult to prove what was actually agreed in a verbal contract i.e.
In 2020 the advantages of the Internet are endless and at the moment, we can take advantage more than ever due to the coronavirus outbreak which has left Spain housebound: you can comfortably buy food, clothes or gadgets without having to leave your home.
The Spanish government has approved an aid package of measures focusing on helping struggling rental tenants in the country. According to calculations made by the government, some 500,000 tenants could be affected by the economic consequences of the coronavirus outbreak.
The Spanish government has launched a series of measuress to "save" rental tenants who, due to the loss of income as a result of the COVID-19 outbreak, cannot afford to pay rent. Some rental companies have already begun to apply rent arrears and even waivers for their tenants.
When signing a rental contract in Spain we have to make sure to pay attention because without realising we may sign clauses that, according to the Urban Leasing Law in force, are illegal and therefore null and void.
While most people may think this is rather straightforward, the fact is that if you do it wrong, you may find your tenant deposit not returned by your landlord; or even worse, an unwanted extension to your lease agreement!
For many this topic may seem rather pointless or futile; but the fact of the matter is that if you fail to cancel a lease agreement properly in Spain, it may have serious legal (and financial) repercussions for the tenant.
In Spain, long-term contracts for rental properties which act as the pe