Renting for more than 11 months a year

LoadingFavourite

This topic contains 4 replies, has 4 voices, and was last updated by Profile photo of Anonymous Anonymous 4 years, 10 months ago.

  • Author
    Posts
  • #56492
    Profile photo of Anonymous
    Anonymous
    Participant

    I’m told that, in Spain, renting for more than 11 months of a year means that you can get the rent reduced by the local council. So I gather that most expat owners wishing to let their properties impose the 11 month limit on tenants to avoid this.

    Is this the case in all provinces?

    If so, how does one find a rental that can be had for more than 11 months?

    Thanks in advance
    Wade
    London SW16

  • #107616
    Profile photo of Anonymous
    Anonymous
    Participant

    @wsw16 wrote:

    I’m told that, in Spain, renting for more than 11 months of a year means that you can get the rent reduced by the local council. So I gather that most expat owners wishing to let their properties impose the 11 month limit on tenants to avoid this.

    Is this the case in all provinces?

    If so, how does one find a rental that can be had for more than 11 months?

    Thanks in advance
    Wade
    London SW16

    Excuse my ignorance but what would a council have to do with a privately owned property? The reason to the best of my knowledge is that the tenant gains more rights to the property if the contract is longer than 11 months – and can be harder to evict a tenant -though the law has changed in recent months on this.

  • #107617
    Profile photo of katy
    katy
    Spectator

    The main reason owners won’t rent for more than 11 months is because tenants get the right to stay at least 5 years (at least). It can be impossible to get them out. I think there is a rule that for non-holiday lets, rents can only be increased by the rate set by the junta.

  • #107626
    Profile photo of logan
    logan
    Participant

    Long term contractual rents, public or private are controlled by a national index. The legal contract will contain a clause that the rent can only be increased in accordance with that national index indices. It’s regionally based and rent levels vary.
    http://www.enalquiler.com/precios/precio-alquiler-vivienda-espana_31-0-0-0.html

    The usual period for a contractual long term let agreement is 5 years but can be longer. Beware that even after that period evicting a tenant who has paid can be a difficult business. Also under the law the tenant does not pay either community charge or local council taxes so those costs need to be covered in the annual rent. Rental income has to be declared and quite honestly by the time you are finished from an owners perspective it’s worth very little. Finding a decent tenant who will pay and not trash the property is very difficult.
    However in these investment times it’s probably the best of all solutions for those stuck with unwanted property.

  • #107639
    Profile photo of Anonymous
    Anonymous
    Participant

    Thanks for everyone’s replies. It would seem to be as I was told.

You must be logged in to reply to this topic.