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Over the past 5 years, the long term rental market on the Costa del Sol has grown immensely. Hundreds of families have moved here looking for a better quality of life, or to try before they buy, and the slow-down in property sales has left the long-term rentals market with a year round demand for quality accommodation.
Interestingly though, there is a lack of good quality, well priced, long-term rental properties in the most popular areas such as Marbella, Fuengirola and Estepona. Many home owners are tempted by the income from holiday rentals which is the most suitable option for some, but this is mostly seasonal so if you don’t want to have your property sitting empty, long term rentals is a great option.
Contracts usually start from six months and can be as long as two years, providing you with a steady stream of income every month. This doesn’t mean you can’t come on holiday while you have tenants in though! In fact, many of our homeowners who were only using their property for a few weeks of the year now look forward to renting a separate holiday home so you never have to miss out on your summer break!
The tenant would pay you a fixed rate over an agreed period of time, plus all the utility bills during their stay. A safety deposit would also be taken at the beginning of the contact for your peace of mind. The change in rental laws in Spain last year also make things easier for landlords if they need their property back!
HomeRentalontheWeb has taken care of hundreds of properties and tenants on behalf of homeowners in Spain. From finding tenants, managing contracts and sourcing references to dealing with any problems that occur or maintenance work, we have it covered! Read our blog for more things to consider when renting your property long term, or feel free to call us on (0034) 952 839 595.