Extra Costs Incurred When Renting Long Term in Spain

When renting a property long term in Spain it is important to remember a tenant will incur addition costs as well as the standard monthly rent. The rental contract will stipulate any additional costs that are directly connected to that property. The main additional cost is the security deposit which is payable to the landlord before you move in, but as well as this and during the term of your tenancy you will also be expected to pay for the utility bills such as water, electric and gas. Sometimes, but not often, the utilities will be included in the monthly rent – if this is the deal you have struck with the landlord/tenant, make sure you read the rental contract to ensure that this has been written in.

Security Deposit

Once you have decided on a property you want to rent, and to take that property off the market so it is not available to anyone else, you will be required to pay the landlord a security deposit. The tenant will be required to pay this before they move into a property. As suggested in the name, the security deposit acts as insurance for the landlords security and protection should there be any damage to the property/furniture during the rental term and/or if the tenant is in breach of contract. If so, the landlord is entitled to keep the security deposit for his compensation. Once a tenant has vacated the property, the property will be checked either by the landlord or the agent, and if there has been no damage (that is not through

Extra Costs Renting in Spain
Gardens and Pool
everyday wear and tear) then the landlord must return the security deposit (usually within a month depending on the contract). The security deposit is NOT there for a tenant to use as the last month’s rent as this defeats its entire purpose, but if the landlord agrees to this, then he is doing so at his own risk.

Extra Costs

The landlord is responsible for the upkeep of the property itself and any maintenance required should be paid by the landlord (unless otherwise agreed and stated in the contract). Taxes that apply to the property are also the responsibility of the landlord and so he must take all that into consideration when agreeing a monthly rent with a tenant. Sometimes the rent will be inclusive of bills (gas, water, electric) but this is fairly uncommon and generally at the expense of the tenant. If you are unsure, check with your landlord or the agent to see what is included in your  monthly rent and make sure it is written clearly in your rental contract. If you will be paying for electric, water and gas, it is advisable to ask the landlord or agent for a general estimate of the bills associated with the particular property so that you can plan your monthly outgoings.

Garden and Pool

When renting a villa in Spain, there will be pool and garden maintenance required on a monthly basis. Always check with the landlord or agent as to whether this is included in the monthly rent as this can be expensive, and if not included, will add a minimum of 100 Euros a month to your rent depending on the size and location of the property. As to whether this is included can vary massively so always check and make sure it is clear as to who’s responsibility it is in the rental contract.

  1. Choosing the Right Rental Property Location
  2. Guide to Renting Property - Searching For Suitable Rental Properties
  3. Advantages of Renting Property in Spain
  4. Things to Look Out for When Renting a Property
  5. Information on Long Term Rental Contracts in Spain
  6. Extra Costs Incurred When Renting Long Term in Spain
  7. Bring your Pets To and From Spain
  8. Why Rent Out Your Spanish Property
  9. Short Guide to the Costa del Sol for Long Termers
  10. Spanish Property Owners Guide
  11. Step by Step Guide to Making a Profit from your Rental Property