Long-Term Rental
Renting out your property long-term can provide you with a steady rental income while also ensuring your property is lived in and cared for year-round. Right Casa supports landlords throughout the entire rental process and, where needed, connects you with experienced lawyers, tax advisors and property managers.
Owner obligations & ongoing costs
With a long-term rental, owners should factor in various ongoing costs. These can include:
- Community or club fees
- Property tax and municipal charges
- Building and contents insurance
- Repairs and maintenance (except for damage caused by the tenant's improper use)
- Replacement of appliances or furnishings where necessary
- Garden and pool upkeep, if applicable
- Utility bills, where these are the landlord's responsibility
The respective responsibilities of landlord and tenant should be clearly set out in the rental agreement.
Taxation of rental income
Rental income from a property in Spain is generally subject to Spanish taxation — even if the owner lives abroad or the rental income is received in another country.
The exact tax treatment depends, among other things, on the owner's tax residency and individual circumstances. Our independent legal and tax advisors can provide professional guidance on the taxation of rental income, deductible costs and other tax obligations in Spain.
Rental agreements
A professionally drafted rental agreement is important to protect both landlord and tenant as effectively as possible.
For long-term residential rental agreements, the rent amount, deposit, rental period, payment of utilities and other expenses, responsibilities for repairs and maintenance, and, where applicable, an inventory and the rights and obligations of both parties should all be clearly set out.
Spanish rental law provides certain rights and obligations for landlords and tenants. Some statutory provisions may apply regardless of the rental period originally agreed in the contract.
We therefore recommend that landlords use a current rental agreement tailored to the specific property and personal situation. Independent legal advice can also be arranged if needed.