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On Monday 30th October a change to the eviction law came into effect meaning from this date onwards, any landlord in Spain who has a tenant in arrears can now issue a notice period of ten days to settle any outstanding rent. Once a judicial order has been served and 10 days’ notice has been given to clear rent arrears, tenants can only avoid eviction by paying the amount in full within the 10 days. If tenants fail to clear the arrears in that time, the eviction can then proceed without the need to take the case to court like would have in the past. This makes evicting any non-paying tenants much quicker and landlords will have the property back in a maximum of two to three months.
The government sees the new legislation as offering greater protection to landlords, and a good way of enticing owners to rent out their empty properties allowing the government to gain more revenue in taxes. All in all this is great news for Spanish property owners who want to earn extra income from rentals.
HomeRentalontheWeb are specialists in managing long term rentals in Spain and highly experienced at taking care of properties on behalf of owners. We would be happy to provide advice on how to increase rental income and can manage the whole process from the contracts, deposit collection, reference sourcing, to dealing with any tenancy problems if they occur. If you are thinking about renting out your Spanish property, please contact our team by email or call 952 83 95 95