I have rented my house. Do you want to know why? Because I have everything that the house needs when it is being rented. And I willl tell you what that is.
01 I am the owner: What does my house need to rent?
Clients renting a house want to have the same comfort that they have in their own house. Although the property is intended for rental it is importan to view the property from the perspective of a guest. There are certain ways to equip it so that it will be as comfortable as possible for them. This can be for example a hairdryer and toilet roll in the bathroom, iron and ironing board, coffee, milk, sugar, salt and pepper in the kitchen , covers for pillows and mattress as well as good towels and bedlinen. A first aid kit and a torch must be provided for use in case of emergencies
Take care of the cleaning and maintenance, it may be more convenient for you to use a company specializing in this to help you if you do not live near the house. You must take care of your client before, during and after their stay, as this will lead to them making good comments about your property which will give a positive feeling to those who are making comparisons about properties in the future.
Many times, other extras such as barbeque, free wifi, satellite in various languages, air conditioning or some games such as table top football, make you stand out from the other properties and the client decides to rent your property.
A Rental contract.
Rental, Period of rental, deposit, renovations, completion of rental , repairs ....
The rental income must be in relation to the area in which the property is situated and the season you wish to rent. Obviously rental prices are more in high season than in mid or low season.
The rental can cover two periods. Long term rental and holiday rental.
Long term rental can be more secure and stable than holiday rentals, it does not require continual care of the house , only any damages that the client may inform you about.
Holiday rental is more economically profitable but you have to comply with specific regulations depending on where the property is situated. Here it is important to be on hand for handling reservations, cleaning and preparing the house , doing check in and check outs, delivery of keys.... that for long term rentals are done on the same day.
The rental of a house should always be reflected in a written contract , if you have any questions about how to make a rental contract, below is attached a link to the article relating to this
You must write in the aforementioned contract details of the deposit and the conditions under which it will be returned to the tenant at the end of the contract. The deposit is held by the landlord. It constitutes an amount of money that the tenant leaves with the landlord as a sign of their compliance with all the clauses until the end of the contract.
When the rental agreement comes to an end, it is important to sign an agreement between the tenant and the owner of the termination of said contract. Not only is it important to fix the end of the rent, but also to ensure compliance with the obligations that remain pending at the end of the contract, for example to establish a termination agreement with deposit withheld until any pending invoices are received.
In terms of housing maintenance, the landlord must carry out, without increasing the rent, all the repairs necessary to maintain it in habitable condition
Repairs that are caused by misuse by the tenant must be paid by the tenant in the case of a long term rental or withholding of deposit in the case of a holiday rental.
B Documentation of the property.
Title deed and land registry document. Helps to define the legal situation of the property.
There are a series of documents which are required to allow you to legally rent including publishing details of your property.
The title deed demonstrates that you are the owner of the property. This you will have received when you were purchasing the property and signing in front of the notary.
An easy way to obtain relevant information is to consult the land registry document, issued by the Registry of Properties that has information about who is the owner / any possible liens against the property and limitation of use that it may have.
- Energy Efficiency Certificate .
The energy efficiency certificate gives the property a rating based on emissions of carbon dioxide into the atmosphere and energy consumption. The energy rating of a home must be included in any offer and advertising for the lease of a property. A photocopy must be attached to the rental agreement.
C Certificate of habitation.
First occupation licence.
The regulations require that all rental properties attach the first occupation licence.
This is a licence that is given by the Town Halls when a new construction is finalized and allows the house to be inhabited and the water and electricity connected. If the construction is not new it is based on the type, location and age of the property. In case of of doubt it is advisable to consult the department of Urban planning of the Town Hall in the area, to obtain at the least , a certificate stating that there are no open files against the construction.
D Inscription in the Register of Tourist Properties.
Furnished and equipped properties.
If the property is rented for tourist purposes , it must be completely furnished. It is even better if it is totally equipped. kettle, juicer, microwave, cafeteria etc. When renting for vacations clients like to have everything they have in their own home, and even more!!
If you decide to rent your property unfurnished it will give you the option of long term rental and the clients will have the opportunity to install their own furniture. There are certain clients looking for this type of rental , for example, people who before buying, would like to try for a period of time to find out more about the area.
At the time of renting your property it must be registered in the Ministry of Tourism of the Junta de Andalucia. This is who says that the Junta's inspectors have seen the property and that it complies with the necessary requirements:
- Installation of fire extinguishers.
- Smoke and monoxide detectors .
- First Aid Kit.
- Installation of a plaque with the registration number.
Other necessary requirement.
To rent to holidaymakers , it is necessary to have air conditioning in each room of the house, this regulation affect s properties that are in a radius of 1.5 km from the coast. This includes the months of May to September , both inclusive. If the rental period is October to April, both inclusive, there must be heating in the property.
One of the key things is to offer free internet access, a tool that is so important in these days where it is the means of communication "par excellence." Many clients apply this filter when searching for a house.
The deposit is held by the landlord. Constituting an amount of money that the tenant leaves as a sign of compliance with all the clauses until the finalisation of the rental. The contract must also draw up details of the deposit and conditions for it to be returned to the lessee at the end of the contract. For a long term rental it is usually one or two months of deposit and for the holiday rental between € 250 / € 300 for the reservation of a week.
F Declaration of taxes.
According to the tax agency "the lease of dwellings used exclusively as such, is an operation exempt from VAT, so the landlord will not pass on or enter the tax for this concept.
The landlords are responsible for declaring and paying an amount of taxes and fees each year to the hacienda, since it is offering a hotel service. This must be included in the personal tax declaration.
If the owner is resident they will pay the corresponding amount at the end of each year together with the tax declaration. If the owner is non resident they will pay every three months.
The amount payable depends on the money received and the costs generated for and during each reservation.
02 What does my house need to rent? The tenant.
Identity document (DNI / NIE.).
At the time of drafting the contract the landlord and tenant must produce the following documentation.
For Spanish residents the National Identity Document (D:N.I.) or passport, both valid.
If the tenant is of another nationality, a passport or NIE ( Foreigners Identification Number , both valid.
Knowing if a tenant will be a good payer has become essential information for the hundreds of owners who rent their property. Many do not dare to trust and hence check the income that the client has before signing a contract. Normally, the last three wage slips are required to verify the tenant's solvency and determine if he will pay each and every one of the contracted months.
There are measures that the landlord can use as collateral and use in case of defaults such as a bank guarantee. The bank delivers a document with the amount requested by the landlord so that in case the tenant leaves the property prematurely, the bank delivers the sum of money. Obviously, it will then require the customer to pay the corresponding amount.
Putting your property on the rental market is an option that can give you some extra income but can also be a headache. Now you know "what is needed to rent my house" you may decide to rent yours. Below is a link to an article which will let you know which are rented most and why.
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