Spanish properties offer a pleasurable lifestyle with magnificent tourist towns, calming rural villages, a pleasant climate, and a bunch of leisure options. Due to relatively economical pricing and quality standard of living, many people choose to invest in Spain’s real estate market for various reasons.
The Spanish rental market may sound tempting in the first place, but if you’re thinking about renting option, it is wise to do your homework to move in the right direction. Primarily, renting a home could be an excellent way to discover the place and decide where you’d actually like to live. Once you’ve decided where you want to live, you can take help from a real estate agent ( inmobiliaria ) to narrow down your best options.
This ultimate guide will help you obtain a better understanding of how renting procedure works in Spain and how you can ease your investment process. Let’s begin!
The rental market in Spain might be different from the country you’re currently living in. Before making your next move, it is ideal to do proper market research to prevent risks. Here’s what you need to know about renting in Spain:
As a tenant, you are legally protected, however, to what extend entirely depends on your contract type and specifications it may contain. Short-term contracts generally run up to 1 year and have less legal protection as compared to long-term contracts. Also, a landlord isn’t permitted to enter the rented property without the written permission of the tenant.
Before you select a new home in Spain, you must know that the quality of rental properties varies immensely. It is advised to get rental agreements in written for better legal protection. Typically, contracts are made for a year, if you want to leave early, you may need to continue paying the rent until the contract ends.
Long-term tenants, on the other hand, can stay for more than a year and they will be given the legal right to renew the contract for up to three years.
Before finalising the rent agreement, ensure to be clear on your terms. In the majority of cases, phone, water, and electricity bills are paid by the tenant, though you can take a basic idea of the average cost from the landlord. The bills paid by a tenant may include maintenance costs as well so make sure to know these costs in advance.
Properties may vary in terms of quality and description so make sure to confirm the features when you explore the property. You should also focus on whether or not the property is furnished. Unfurnished properties might be entirely bare, with no kitchen appliances or just include a few pieces of furniture. Thus, when you view the property, ensure to be clear about what furniture is installed.
Like anywhere else in the world, you may face potential issues when renting a property in Spain. It is always wise to keep everything clear with your landlord right from the beginning. The Spanish real estate market may record massive growth over time, so anyone aiming to improve their functionality and live a modern lifestyle can choose from a plethora of housing options.
If you need any help in buying, renting, or selling Spanish properties, we are here to help. Feel free to get in touch with us!
If you wish to receive more information, do not hesitate to contact us.
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