29 Jan 7 Common Mistakes Property Owners Make When Renting Out Their Home
Renting out a property in Spain has become a real challenge for many owners. Lengthy eviction processes for non-paying tenants or “inquiokupas,” along with legal complexities, mean that leasing a home requires careful attention and planning. At Barcelona Flat Hunter, we want to help you avoid the most common mistakes landlords make when renting out their property.
1. Not Drafting a Proper Contract
An incomplete or outdated contract can lead to confusion and potential legal disputes.
2. Failing to Create a Detailed Inventory
Without a clear record of the property’s condition and contents, refunding the security deposit can become problematic.
3. Setting an Unrealistic Price
Rent that’s too high or too low can affect profitability or demand.
4. Choosing a Verbal Agreement
While legally acceptable, not having a written contract increases the risk of misunderstandings and conflicts.
5. Ignoring Notice Periods
Not knowing the legal notice periods for terminating a lease can result in unwanted automatic renewals.
6. Requesting More Than the Legal Deposit
The law limits the deposit to one month’s rent for primary residences; exceeding this can lead to legal issues.
7. Not Defining Who Pays Which Expenses
It’s essential to clearly agree and specify in the contract which costs are covered by each party.
Avoiding these basic mistakes will make the rental process safer and more profitable. At Barcelona Flat Hunter, we advise property owners to ensure their investment is protected and professionally managed. Want to learn more? We’re here to help.
