1 .- What documents do I need to rent a property?

Your identification document (ID card, passport or residence card) in order to include your personal details in the rental contract, your contract of employment and your last three payslips to prove your paying capacity, or any other document that shows your finance reliability and solvency.

2.- How much money do I need to rent a property?

At least, when signing the rental contract you will need to give the amount equivalent to one month's rent as a deposit, plus the amount of the first month's rent.

Besides, depending on the case, you could pay all or part of the estate agent fees. The owner might also require additional guarantees such as a deposit of an extra amount, a personal guarantee, a bank guarantee, payment insurance, etc.

3 .- What is a guarantee?

Whether a personal or a bank guarantee, it is an extra warranty of payment. These types of guarantees are designed so that in case of non-payment of the rent or any other debt to the owner, the latter can get the necessary money from the bank guarantee, or demand the payment to the guarantor in the personal guarantee.

4 .- What is a debt insurance?

It is an insurance that covers payment of rent if the tenant fails to pay. More and more homeowners require an insurance of this kind, and the cost can be shared or on behalf of one of the two parties. Every insurance company has its specific policies and conditions, but they normally check beforehand the solvency of the tenant, job stability and income in order to ensure that you can pay the monthly rent.

5 .- Can I pay last month's rent with the money of the deposit?

The guarantee cannot be used to pay rents. The tenant must pay the last month and the landlord will return the deposit once the conditions of the property are checked and the mains bills are paid.

6 .- Do I need an inventory?

Yes, because it is the proof for both the landlord and the tenant of the furniture and belongings in the house. If you do not have the time to do a detailed inventory, take pictures and give copies to the other party.

7 .- Who pays the estate agent fees?

The estate agent acts as an intermediary between owners and tenants, so normally fees are paid between both parties. However, market conditions may change the rule laukku ysl and when offer exceeds the demand, as nowadays, owners pay all the fees and in times of bigger demand, are tenants who pay all the fees.

8 .- What is a seasonal/holiday rental?

It is a rental agreement for a period of less than 6 months, and the property is not considered the tenant's residence.

Any period longer than six months is considered the rental of permanent residence, with the right for the tenant to renew the contract up to five years. 
 

9 .- Who should pay for home repairs?

The landlord is obliged to carry out the necessary repairs to keep the house in living conditions, as agreed, except when the damage is attributable to the tenant.

Small repairs required by the normal use of the property will be the responsibility of the tenant. 
 

10 .- What other expenses will I need to pay as a tenant, in addition to the rent?

According to law, the tenant is obliged to pay for the mains (electricity, gas, water, telephone, etc.) and small damages caused by use, plus any other caused by misuse or accident. 

However, the payment of the community fees, the IBI tax, garbage tax, etc. can be agreed with the owner. 

In some rents ALL the expenses are included in the rent to a certain limit. But be careful with this since in the Canary Islands this may be a disadvantage, as residents pay much lower rates than those paid by a non-resident owner.