24/01/2016
10 common mistakes when renting a property in Spain
Not checking the estate agents’ fees. You want the estate agent to find a property for you, you will probably have to pay for this service; the charge could be either a fixed fee or a percentage of the rent.
Not checking whether the property is furnished or not. If it is furnished, ensure that there is a signed inventory of the furniture which is to stay in the property.
Not checking the energy efficiency rating, homes with a higher rating will cost less to heat.
Not having (and keeping a signed copy of) a rental contract, insist on having the rental contract and everything the property includes in writing to avoid any misunderstandings. Also include terms and conditions of the contract, should you need it later on.
Not asking for and keeping a copy of the receipt for proof of payment of the initial deposit and monthly rent. The deposit is usually equivalent to one or two month´s rent, it may not be used to pay the rent. Ideally it should be held by a third party.
Not stating in the rental agreement who is responsible for paying the utility bills, community fees, local charges, and making minor repairs to the property.
Not making an accurate inventory at the beginning and end of your tenancy. It's a good idea to ask for an inspection a couple of weeks before you move out, this gives you time to fix any possible damage and regain your deposit as quickly as possible.
When renting a property with the option of purchase at a later date, not having the property properly surveyed to make sure that everything is 100% legal. Remember to check and negotiate an asking price and check if any rent paid will later be deducted of the asking price. Get everything agreed in writing.
Not registering your rental contract with the local property register. This way if the property is repossessed by the bank, the tenant still has the right to occupy the property. Often the new owner may ask the tenant to leave. However, they do not have to agree, nor are they obliged to accept any financial settlement to encourage them to vacate the property.
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Property Management and Maintenance in Calpe, Moraira and the Costa Blanca