Post by account_disabled on Mar 14, 2024 3:08:48 GMT -5
Perhaps the current situation makes many of us doubt whether it is convenient or will be counterproductive to rent a home health crisis, confinements, economic crisis, risks of non-payment, occupancy, etc. Although the cases in which occupations occur due to non-payment or damage to the home are not something trivial, these are more notable than constant and, in any case, we should not let this fear paralyze the marketing of renting our home. The solution? Today more than ever we must know the Rental Law (LAU) , take extreme precautions when renting a home and take measures that can help us alleviate an undesirable situation if it were to occur. To do this, there are three key aspects that we must look at carefully before renting our home: Solvency of the future tenant Surely we have heard at some point that a good tenant is better than a lottery prize, and it is true, but if instead of delegating the finding of a tenant to chance, we previously carry out a minimum of investigations about it, we will be buying many ballots for us to get a lucky tenant.
To check your solvency, we may request: Employment contract and income tax return for the last year: we will know your net income, whether it is permanent or temporary, the years you have been contributing, etc. In the case of the self-employed, we can request their tax returns: Personal Income Tax; VAT etc. We will also have to check if the future tenant has any embargo on their payroll, loans... through the Risk Information Center of the Bank of Spain , or if they appear on any BYB Directory of the default lists (ASNEF, RAI...). Legal guarantees Another aspect prior to renting a home is to know the legal guarantees that, as landlords, we can legally demand from the tenant. They are three: Deposit : The LAU establishes that the deposit that we can request from our future tenant will be, at most, one month's rent: we must deposit this in the corresponding organization of each Autonomous Community (in Madrid we have the IVIMA , and in Catalonia we have the INCASOL for example.
Failure to make this deposit may result in sanctions (according to each CCAA), in addition, if we do not do so, our tenant will not be able to take advantage of the deductions for renting a habitual residence in the income tax returns. Additional deposit: Royal Decree 7/2019 establishes that, in addition to the deposit, at most we can demand from our tenant an additional deposit of no more than two months' rent, this being valid for rental contracts of up to 5 years in duration. Many owners consider this additional deposit insufficient. One way to correct this insufficiency would be to enter into a contract for 6 years or more, in which case we could request more than two months of deposit. Almudena Insurance Protection The third aspect to take into account when renting a home would be to have, from the beginning, the best protection, from two areas: Rental contract: Our home policyholders and our death policyholders will be able to count, free of charge, on our Interactive Contracts tool , thanks to which they will be able to draft a rental contract that guarantees their benefit and the protection of their property.
To check your solvency, we may request: Employment contract and income tax return for the last year: we will know your net income, whether it is permanent or temporary, the years you have been contributing, etc. In the case of the self-employed, we can request their tax returns: Personal Income Tax; VAT etc. We will also have to check if the future tenant has any embargo on their payroll, loans... through the Risk Information Center of the Bank of Spain , or if they appear on any BYB Directory of the default lists (ASNEF, RAI...). Legal guarantees Another aspect prior to renting a home is to know the legal guarantees that, as landlords, we can legally demand from the tenant. They are three: Deposit : The LAU establishes that the deposit that we can request from our future tenant will be, at most, one month's rent: we must deposit this in the corresponding organization of each Autonomous Community (in Madrid we have the IVIMA , and in Catalonia we have the INCASOL for example.
Failure to make this deposit may result in sanctions (according to each CCAA), in addition, if we do not do so, our tenant will not be able to take advantage of the deductions for renting a habitual residence in the income tax returns. Additional deposit: Royal Decree 7/2019 establishes that, in addition to the deposit, at most we can demand from our tenant an additional deposit of no more than two months' rent, this being valid for rental contracts of up to 5 years in duration. Many owners consider this additional deposit insufficient. One way to correct this insufficiency would be to enter into a contract for 6 years or more, in which case we could request more than two months of deposit. Almudena Insurance Protection The third aspect to take into account when renting a home would be to have, from the beginning, the best protection, from two areas: Rental contract: Our home policyholders and our death policyholders will be able to count, free of charge, on our Interactive Contracts tool , thanks to which they will be able to draft a rental contract that guarantees their benefit and the protection of their property.