Thursday, August 20, 2009

Why Tenerife apartment contract for 6 months only


My last Tenerife apartment contract:




  • I was going to try to sell this Tenerife apartment, which is a studio in a hotel, after 6 months.

  • The tenant was not sure if he was still working in North Tenerife after half a year.

  • By law he was allowed to rent for such short period, as this was his 2nd residence;
    his first was with his parents in South Tenerife.

  • Renting out as Tenerife holiday homes in hotels is not even allowed for 6 months rental contracts, so don't write holiday home within the contract... It is against the Spain tourism law, to the best of my knowledge.


About renting in Tenerife hotels and contracts:



This studio which is a smaller version of an official Tenerife apartment is in a large hotel.. Only long term rental is allowed there as in all Spain hotels, while Tenerife is a Spanish province; Although, 6 months are not seen as vacation rental, be wise and don't put it in writing in any renting contract where hotels are involved…

Please note: If you let an apartment, studio or villa in Tenerife or Spain for a year and forget about the contract, the yearly rent agreement, instead of a 6 months rental contract, automatically converts into rental allowance for 5 years. Only some minor rent pay adjustment which reflects inflation, as per standard contracts, applies.

Mind one year rental contracts Tenerife:



However, after one year of renting out you cannot just up the rent any more.
Ask a lawyer if you could still set a reasonable rent augmentation by the year within the renting agreement... I doubt that it is possible.

Why make a new contract rather?



You can however cancel the contract if it was for a year or better said one day less than a year to make it legal. You then can make a new contract with a lower or higher price. Sometimes, even lower prices for Tenerife apartments make sense.

Go from Tenerife apartment to Tenerife holiday rental... Discover tips for renter as well as landlord to have success with it. This is in my official homepage www.tenerife-holiday-home-insider.com. I give you this link, as I would not like to talk about the same subject here for fear of repeating myself and causing a double entry on the Internet.

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