How to Rent out your Property in Spain
Perhaps you are the proud owner of a Marbella mansion in Marbella, or have a rural residence in Relleu. Whatever is true, there is usually a market for renting it out, as long as the cost is fair and the marketing efforts are in place. Actually if you take the rent as part of the property´s overall value, the cheaper place could well become the one that earns you the higher income. Here are some tips to help you in renting out your property.

The Contract
Always prepare a contract, for this will be able to help both the landlord just as much as the tenant. Under Spain’s real estate law there are two types of contracts: the short term contract called the arrienda de temporada, and the long-term contract called the arrienda de vivienda. It is most helpful to focus on the short-term contract. This will be based on the assumption that the property will be rented for a week to about a few months and does not grant the tenant any right of extension.
The arrienda de vivienda, or long-term contract, is usually configured so that you have a minimum of a year but own the right to extend up to five years. So, do double check that your contract has the heading arrienda de temporada or contrato de temporada, since these preclude the right to automatic extension.
It is possible to buy ready made contracts for a very inexpensive rate from tobacconist shops in Spain. They sell both types, meaning the de temporada and de vivienda. However, you may have to check many shops before finding one that keeps them in stock and they are typically in Spanish. .
Another option is to approach an abogado (lawyer) or gestor (licensed administrative expert) to draft the contract. You may even wish to have it translated into English.
The Inventory
Next, check all the items in the property. When you rent out the place, you will read through the list with the new tenant so when s/he signs the contract you avoid any kind of conflict about what should be in the place (and in proper working order!) when s/he leaves.
The Deposit
You need a deposit. If you look at Spanish law, the deposit or fianza usually is valued at a month’s rent for residential property and two months rent for commercial properties. This will be given back at the end of the stay if there are no debts or damage to the property.If renting out the property personally, you will probably keep the deposit yourself. But it can be managed by an independent agency.

