RENT IN SPAIN

Renting out a property:

Many people buy a property in Spain with the intention of renting it out to other holiday makers in order for them to make a bit of money whilst keeping their dream of a holiday house in the sun. This is a sensible idea and it is relatively easy to do as in Spain you do not need a special licence for renting accommodation.

If you rent out your property and you are not a permanent resident in Spain then you should expect to pay tax on the amount of rent you receive. In Spain this is called impuest de la renta de no residentes and it is under the declaración ordinaria (IRNR). When renting out your property then you may either like to do the process yourself or you may want to hand over the business of renting to a Spanish estate agent. Most Spanish estate agents are willing to take on all the legal details in return of a small percentage of the weekly or monthly rent. There are companies that specifically deal with people who want to rent out there properties as for a few months a year and with this you can have all the benefits of the extra money without the stress of having to show people around or look for people yourself. The only downside to this is that you will have to pay them a small fee. When looking for a letting agency you should look for an agency that is a member of one of the following bodies:

• ARLA - Association of Residential Lettings Agents. These are the main specialists in the rental market, which makes them a better choice than a business whose main activity is selling property or something else.
  
  
• RICS - Royal Institute of Chartered Surveyors
  
  
• NAEA - National Association of Estate Agents
  
  
• Or a Government registered housing association

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