Rent out your holiday home

Rent out your holiday home

You have a property in Spain and would like to rent it out. The reasons may be different, but the main reason is the economic benefit you get from it. Some holiday home owners really do it as an economic activity and other owners see it as a way to recoup their annual costs. But whatever the initiative, there are legal and fiscal consequences.

Holiday rental

If you are renting out your holiday home on a regular basis and for a short period (short term in Spain is a contract of less than 365 days) you will need a rental license. A rental license includes a legal framework to which your property must comply in order to guarantee certain guarantees to both the tenant and the landlord. Another reason is that Spain also likes to know who and where rentals can take place. A rental license does not imply that you have to let.

Declaration

From the moment you receive a compensation, you also have fiscal obligations. Those who rent out at short notice will have to declare their rental income, among other things. In addition, the landlord also has administrative obligations and finally, the landlord will or will not have to pay tax on his rental income. If you are not renting out or are renting out for the long term, there are other rules to follow as well as the fact whether you are a resident or not.

Protection

What many landlords overlook is that their liability is also different than if they do not rent out the property. Suppose there is an accident during a rental and the tenants want to hold you liable. An ordinary home insurance does not cover this, nor the damage that tenants cause to your home. Please take a moment to make an appointment with us if you wish to rent out and we will inform you about all these matters so that you can get the most out of your holiday home with peace of mind.

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