Property for long term rent in Valencia, Spain
Finding a suitable property for long term rent in Valencia Spain, particularly if you are an expat, is a difficult task. Yes, there are numerous options, and the offer is quite substantial, but you may also encounter a number of issues.
Unfortunately, as a result of recent developments, many new units previously used for Airbnb have entered the market. This is both a good and a bad thing. Good because prices fell, but bad because too many ill-equipped long-term rental properties flooded the market. Many of them were only used for summer tourist rentals and will not be suitable for long-term leases.
If you are looking for long term rent in Valencia, Spain, you should read the following:
There are good and bad areas, as there are everywhere. You can talk to us and explain your needs, and we will direct you to the best area (barrio) of Valencia for you. Not all areas are created equal, and the price usually reflects this. However, there are some things that you can live with and others that you cannot. As a result, this type of information is critical.
As a foreigner, you will not have a Spanish salary slip, which may make finding a good long-term rental more difficult. When Spanish landlords rent out their properties, they usually take out insurance, and insurance companies do not want to sign contracts with foreign renters. This is an unfortunate byproduct of Spain’s massive property crisis, which began in 2008.
However, many landlords exclusively deal with foreigners, and they have no problems and are willing to rent to them. They may request a larger deposit (2 to 3 months is typical), and in some cases, up to 12 months.
We do not believe that anything longer than three months is justified, and we will advise you on this aspect of rental as well.
Because the courts in Valencia are notoriously slow, it can be difficult to recover your deposit. Many landlords are aware of this, and it is a mission to persuade some of them to return the funds. As a result, while renting directly from the landlord may save you money in the short term, it will cost you much more in the long run.
When dealing with real estate agencies, such as Valencia Property – Inmoamiga, at least your future landlord has a track record, and if there isn’t one, you’ll be warned before signing a lease.
All issues concerning the lease and its terms are governed by law. It is extremely unlikely that anything in your lease will violate the law. However, certain provisions must be included in the lease; otherwise, a problem may arise. In Valencia, as in the rest of Spain, a six-month minimum occupancy is required for long-term rent.
If you give your notice in a timely manner, your deposit should be returned to you after you leave. This bare minimum is not required to be specified in the lease. You have the right and protection of Spanish law to leave after 6 months.
There are countless other issues that may arise from a rental contract that are too numerous to mention here. As a result, when signing one, we recommend working with a well-established real-estate agency with extensive experience.
We are confident that we can provide that level of protection because Valencia Property – Inmoamiga is part of one of our city’s oldest real estate agencies, Inmoamiga