Initial Reservation Payment

Once you have found the right property, it´s important to put a reservation deposit down so that nobody else can rent the property. This reservation is usually equivalent to one month´s rent, but could be more, depending on when you are planning to move in. It is usually deducted from the due deposit once the rental contract has been signed.

Necessary Legal Documents

The first thing you should do, is open a bank account, which will then allow you to set up direct debits for utilities. You should also bring I.D such as your passport and identity card.

If you plan to work in Spain, you should apply for an N.I.E number- read this page for more info http://www.practicalspain.com/NIE. htm.

Landlords may also want to see proof of income (payslip) & references.

Deposit / Bank Guarantee

On the day of signing, the tenant must give the equivalent to one month´s rent, in case of damages. This deposit is held by the Chamber of Urban Property, and is released up to 30 days after the end of tenancy, once the landlord has agreed the flat has been left in a satisfactory state.

Some landlords may ask for additional bank guarantees to protect against failure of rent payment.

Types Of Rental Contracts

The 3 main types of contracts in Spain are:

• Short term contracts of less than 3 months.

• Temporary rental contracts of more than 3 months, but less than 1 year.

• Long term rental contracts: 1 year minimum obligatory with the right to stay

Recommended Insurance

Right Casa recommends that tenants take out appropriate insurance to cover their belongings, and any possible damages to the rented property. We also advise communicating with your new landlord to establish what type of insurance they have, to be certain you are covered for all eventualities.

Agency Fees - Payable by Tenant

For short term rentals: Up to 3 months: 20% + IVA of the total amount.

3 month’s minimum up to 10 months: 15 % + IVA (21%) of the total amount.

Long term rentals: 1 year 10% of the yearly rent + IVA (21%)

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