Property News

Advice for Landlords/Tenants

Renting a property is no different than buying or selling a property, the same safeguards should be respected. The good news is it is a much simpler process.

Tips for Landlords

Make sure the property is clean and presentable and everything is in working order, renting is no different than selling, first impressions are often final impressions
Whether the property is unfurnished or furnished draw up a complete inventory of contents and make sure it is signed by both parties at the contract stage
In addition to the above state clearly what services are offered such as telephone, satellite TV and Internet connections
Decide in advance whether you would like utility bills held in your name or the tenants. Ensure you take meter readings on the day the tenant moves in
Decide on a good and trustworthy management company in advance to handle any problems or issues relating to your property. Tenants given a good service from the beginning tend to stay longer
If your property is part of a community make sure your community fees are paid and up to date. A tenant who is suddenly refused entry to the indoor pool because you have not paid community fees will not be happy
Ensure your contract with the tenant has been devised, or at the very least checked by your lawyer and that it is in Spanish
If your property is brand new make sure your utilities have been connected (unless you agree with the tenant for them to do this) and that the property has been snagged by an expert
Ask for copies of at least 2 references from the tenant
Consider taking out insurance against the worst case scenario of a tenant not paying their rent. Contact us for further information
Request payment by direct debit, it makes life easier for both parties

Tips for Tenants

Ask for the property to be cleaned prior to your moving date and check that all appliances are in working order
Check the inventory before signing that it is correct
Check what services are offered such as telephone, satellite TV and Internet connections
Ensure you know who to call should you have a problem
Ensure basic utilities have been connected and check whether the bills will be in your name or the landlords. If the bill is under your name check whether it is your responsibility to contact the respective utility provider for connection
If the property is part of a community ask for confirmation that the fees have been paid
Ensure the contract is checked by your lawyer
Request payment by direct debit, it makes life easier for both parties

By Eloise Horsfield | Property News | April 29th, 2009