Imagine that you are strolling through a city at the Costa del Sol—such as Marbella—and you stop in front of a real estate agency. Maybe you have been looking for a while at the properties in this area because you are thinking of purchasing or renting a property.

During that stroll, and as you stand outside that real estate agency, you think that you have found the property you are looking for. You like it, but you don’t want to let your enthusiasm blur your vision. Before anything else, ask the agent for an abbreviated informative document. This document will be handed to you without any cost or impediment so that you can examine it in detail with your lawyer.

rental contract in spain

What are the contents of the abbreviated informative document in Spain?

Of course, the first thing it must contain is information on the property in Spain: the full address, a general description of the property (such as square meters and distribution) and the building (if an apartment), information on its facilities and the amount of community fees.

Also included should be detailed information regarding the year of construction, whether there are any encumbrances at the Land registry, the plot on which it is constructed, and information regarding water, electricity, gas and the telephone.

There must also be a certificate stating that there are no outstanding debts with respect to the real estate taxes issued by the local municipal entity.

Also, the price of the property or the rental fee and its annexes should be perfectly detailed, as well as the method of payment. If there are any charges or encumbrances (debts), they should be specified.

 

If the property requires a rental contract, additional information can be added to this document to complete it, such as:

1- Proof that the landlord is correctly registered at the Land Registry.

2- The sum of the guarantee that the landlord is requesting.

3- The total cost (with guarantee, intermediary expenses and months in advance to pay) to start renting out the property.

4- The monthly maintenance costs of the property or any other type of charge that must be in the tenant’s name (such as rubbish tax, etc.).

5- Valid necessary administrative licences to use the property.

6- It would also be interesting to dispose of the current rules at the community of owners.

 

As indicated, this type of information will help one to make a decision; and must be valuated calmly.

 

Nevertheless, if you have the abbreviated informative document of any property you like, we suggest you contact our law firm and team of accountants in Marbella to have a personalized meeting.