The magic of lettings in Spain

Raymundo Larraín Nesbitt, November, 21. 2017

By Raymundo Larraín Nesbitt
Lawyer and Director of Larraín Nesbitt Lawyers
21^st of November 2017

So, you’ve heard all the good news surrounding the explosive double-digit growth on Spanish rental asking prices and your curiosity has been peaked? You may feel half tempted to jump onto the bandwagon of landlords that make a nice little extra income in the summertime renting out to tourists.

But what is holding you back is being put off by all the newspaper articles hammering on the new batch of regional regulations sweeping Spain that have put in place stringent requirements to let properties out to tourists, require a mandatory rental licence from regional Authorities and which are subject to humongous fines on non-compliance. I know, what a bummer.

What if I were to tell you that you could legally sidestep all the above pesky requirements? There is a perfectly legal way to rent out your property in Spain to tourists during the summer season which does NOT require:

Registration of your rental with the regional Authorities. Tick.
No need to apply for a tourist rental licence. Tick.
Your property will not be subject to inspections by regional Authorities. Tick.
You do not need to meet daft expensive requirements such as A/C installed in every room, WIFI, mandatory rental insurance etc. Tick.
You will not be liable for massive fines on non-compliance. Tick.

Interested? Well, come and speak to the experts; we can make it happen for you. *

Making life simple.

*Not everyone qualifies, ask us.

Larraín Nesbitt Lawyers, small on fees, big on service.

Larraín Nesbitt Lawyers is a law firm specialized in conveyancing, taxation, litigation and inheritance. We will be very pleased to discuss your matter with you. Please contact us for a free initial consultation. You can contact us by e-mail at info@larrainnesbitt.com, by telephone on (+34) 952 19 22 88 or by completing our contact form.

Legal services Larraín Nesbitt Lawyers can offer you

Rental-related articles

Renting in Spain: Top Ten Mistakes – 8th of June 2011
Let-to-Buy in Spain: The Smart Choice – 8th of April 2012
Letting in Spain: The Safe Way – 10th of October 2012
New Measures to Bolster Spain’s Ailing Rental Market – 8th of July 2013
Tenant Eviction in Spain – 8th of June 2014
Holiday Rental Laws in Spain – 8th of March 2015
Holiday Rental Laws in Andalusia (Decree 28/2016) – 8th of February 2016
Decree 20/2002: Andalusia’s Holiday Rural Rental Decree – 8th of April 2016
Urban Rental Law in Spain – Spain's Tenancy Act – 8th May 2016
Renting in Spain - Landlord´s Taxation – 8th of January 2017
Renting in Spain: Non-Resident Landlord's Rental Tax Relief – 14th of January 2017
Community of Owners in Madrid to bar Holiday Rentals – 29th June 2017
Holiday Rental Home Taxation in Spain – 8th July 2017
Holiday Rentals in Andalusia Made Easy – 3^rd July 2017
How to inspect an off-plan property overseas – Interview with The Sunday Times. July 2017
New Balearics holiday rental law – 8^thSeptember 2017
Seasonal lets: an alternative to holiday rentals – 8^th October 2017
Let-to-buy contracts: do not forget to add a clause forbidding sublets! – 20^th October 2017
Andalusia starts fining holiday home landlords – 31^st October 2017
The magic of lettings in Spain – 21^st November 2017
7 illegal clauses in Spanish rental contracts – 8^th January 2018
Holiday Rentals Accounting Service (HRAS) – 16^th January 2018

Please note the information provided in this blog post is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. VOV.