Five keys to keep in mind before going to live for rent

Five keys to keep in mind before going to live for rent


The number of people living for rent in Spain has grown extraordinarily in recent years. The increase in demand, among other factors, has influenced the rise in lease installments, especially in large cities. The Government has tried to improve the market with a royal decree containing measures aimed at increasing the legal security and stability of tenants. If you are looking for a flat to rent, these keys of will clarify your doubts:

1. Duration – You must bear in mind that the new legal framework has extended the minimum term of rental contracts. Likewise, you have to know that depending on whether your home is private or professional, this term varies. If the owner of the dwelling is a natural person, that is, an individual, the period passes from three to five years, but if it is a legal entity, that is, a professional, as a tenant you have the right to remain in the property up to seven years. years.

2. Guarantees – The regulation also contemplates changes around the controversial bond. Surely in your search of apartment for rent you have found with landlords who asked for three, four and even five monthly payments. Now, the maximum required is two. In addition, additional guarantees such as guarantees or deposits can not be requested. Since the owner must check your solvency, what you can still ask for are documents such as your contract, latest payroll or income statement.

3. Fees – When renting a flat is sought through an intermediary agency, it is usual for the tenant to pay a monthly payment for management expenses and formalization of the contract. This will continue to be the case when the landlord is an individual. However, with the new law, when ownership of the home falls on a company or partnership, the real estate agency fees will be paid from your account.

4. IBI – Although with the Real Estate Tax of social housing if bonuses have been raised, with the one of the free all remains the same. Some owners try to save this tax by including a clause in the contract in which the signer is forced to liquidate it. However, the most common is that the landlord takes charge. The law admits that any expense must be agreed between the parties, so read the contract very well before signing it and negotiate if you do not agree.

5. Community – In addition to taxation, community fees are another issue that often face landlords and tenants. Most often, the owner pays the fees, both ordinary and extraordinary, but sometimes the tenant is indicated as responsible for paying them. Informally, it has been extended as a frequent practice to partially or totally offset this expense in the monthly payment. The tenant does not perceive it because this extra is not detailed in the rent.


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