Guide to Rent Property in Costa del Sol
If you are planning to rent property in Costa del Sol this short guide about renting property in Spain and particular in Costa del Sol will be helpful.
In general there exist two type of rental contracts in Spain – short term rentals and long term rentals. The short term rental is less than a year and offers a los of protection of the property owner. The long term rental contract if from 1 to 5 years and this type of contract is much more protective of the tennant.
The short term contract is general used for vacational rentals and is also used very frequently by people that want to rent their property for about 6-7 months during the low season and then rent it out per week during the summer high season. The long term contract is normally used when renting out to people that pretent to live in the property for a longer period. Note that it is not legal by Spanish property law to renew a short term rental contract for more than one year as in this case it will autmatically be interpreted as being a long term contract in all legal means.
Holiday Rentals in Spain
It is very popular amongst foreign property owners to rent out their property for vacation rentals during the period of the year where they do not used it. This is a great way to get some extra earnings while they do not use the property.
If you rent out your property you are supposed to pay income tax of the earnings but in most cases people do declare this income.
The holiday rental market is growing very fast in Spain and it is today very popular for tourist to rent a villa or an apartment in Spain instead of booking a hotel. With the many online holiday rental Spain websites it has become just as easy as booking a hotel or a flight ticket online and it give the tourist some great advantages. First of all it is normally cheaper and the tourist can save more money not having to eat out all the time as holiday rental properties normally comes with a fully fitted kitchen.