Renting Guide

Renting is a great option for those who are not ready to buy yet. Renting as an overseas buyer can be a great way to get test out life in Spain and to determine what makes up your perfect home.

Renting a property in Spain is fairly similar to renting anywhere else in Europe. Spanish law requires the tenant to pay the landlord a minimum of a one month’s rent in up front when signing a contract. If the property is furnished a landlord may ask for two months’ rent to cover the potential cost of damaged furniture. When your contract is up the landlord will carry out an inspection before refunding the client’s deposit. In order to set up a rental agreement the tenant will need to have a Spanish bank account and a passport or NIE number.

For property owners looking to rent their properties, First Choice Spain offers a fully integrated rentals and property management service. This means we will take care of sourcing clients and carrying out background checks, as well as drawing up the necessary contracts and conditions, collecting deposits and rent payments. We will also be responsible for taking care of any domestic emergencies, and will provide on-going property maintenance on behalf of the landlord. By listing a rental through First Choice Spain, a landlord is given complete peace of mind as we work to maximise the income from the property.

First Choice Spain offers a huge range of short and long-term rental properties along the Costa del Sol.

F.A.Q.: Frequently asked questions about renting in Spain

  • For property owners:
    • How long is a standard long-term contract?
      A standard long-term contract usually lasts between 11 or 12 months (depending which is suitable to the owner). Depending on the landlord and the property this time frame can sometimes be negotiated for a longer or shorter period. Prior to the conclusion of a rental contract First Choice Spain will contact the tenant on behalf of the landlord to see if they wish to extend the contract.

    • What services are included in a property management contract?
      First Choice Spain offers comprehensive management contracts which include the following services:

      • Advertising your property and finding suitable tenants
      • Collecting the deposit and the initial rent payment
      • Collecting a copy of tenants’ passports as well as chasing up references
      • Preparing a rental contract and ensuring it is signed by all parties
      • Taking a photographic inventory of the property prior to a tenant moving in
      • Carrying out background checks on prospective tenants

    • Who pays for utility bills and community fees?
      The owner pays the community fees but all utility bills are paid by the tenants. Depending on the landlord bill payments can be paid directly from the tenant to the correct utility or it can be done through the landlord or estate agent.

    • As a property owner in Spain, what taxes am I expected to pay when renting my property?
      Non-residents in Spain are liable for paying taxes on any income sourced in Spain, which is generally taxed at a flat rate of 19%. The landlord will be responsible for covering the property’s IBI tax, which is the equivalent of council tax in the UK.

    • How much rental income can I expect?
      The rental income you can expect to receive will depend on the type of property, the size and the location. Short-term contracts will tend to charge more per month than long-term contracts. The number of people staying in the property will also be factored in to the rental price.

  • For tenants:
    • What is the standard deposit when renting a property in Spain?
      When renting the standard deposit is one month’s rent for unfurnished properties and two months’ rent for furnished properties. The deposit will be held to cover any damage costs and will be return to the tenant when the contract period has elapsed.

    • What bills are tenants responsible for?*
      Tenants are responsible for paying bills for all utility services, such as electricity, water and gas, telephone. Tenants will also be responsible for covering the cost of internet, TV subscriptions, and alarm systems. Utility payments can be paid directly to the provider or through the landlord depending on the home owner’s preference. Tenants will usually have to source their own internet provider and contract.

    • What happens if I decide to leave the property before my rental contract finishes?
      If you decide to leave the property before your agreement has ended you will be breaking your contract and will lose your deposit unless prior agreement is in place with the owner. Most landlords also ask for a minimum of one month’s notice.

    • Who do I call if something is broken in the rental property?
      If something breaks in your rental property you should immediately call the owner or his management company. Depending on the landlord you will be told whether to go directly through them or through the estate agent. If the damage caused is your fault then the cost will usually be deducted from your deposit, however if the damage is due to general wear and tear then the landlord or agent will meet the cost.

Tel.
0034 952 817 369
Mob.
0034 616 249 972
Email:
info@firstchoicespain.com
Emergency:
0034 650 600 496

Or fill in your details and we will get in touch

Name:
Contact No:
Email:
Comments: