We have a tenant who does not pay the rent of the flat: what can we do? How must we act?

 

We have a tenant who does not pay the rent of the flat: what can we do? How must we act?.Unfortunately, this situation has been raised once in the life of almost all those owners who rent an apartment, office or commercial premises. All the business have his risks and in the business of the rent, one of the risks more evident is the non-payment of a quota of the revenue reminded in the contract. There are other risks, such as damage that often cause to the property, but the unpaid rent is more evident because the rent is normally charged every month and if a month is left to collect, jump alarms.

 

The young persons continue betting for the rent of floors, opposite to the call option of the housing

The young persons continue betting for the rent of floors. The trend of last years continues being consolidated: 41 % of the persons of between 18 and 30 that reside in Spain chooses to live in a floor of rent, opposite to other options, as the purchase of the housing. For years it comes appreciating this trend of consumption in Spain. The rent or lease of housings allows to the tenant of this floor to have more flexibility at the moment of changing residence, good is for personal motives or for professional motives. In addition, it saves many tax, notarial expenditures and they register that always he carries the purchase of a floor.


 

The new Nobel Prize of Economics, Robert Shiller, believes in rental of apartments in Spain in order to get over the situation

The new Nobel Prize of Economics, Robert Shiller, believes in rental of apartments in Spain in order to get over the situation. Once again, an expert says that rental of apartments could be the solution for the real estate crisis in Spain (now, the recently proclaimed Nobel Prize of Economics). Lot of experts in economics were of the same opinion during the last few years; now, this opinion comes from an economist  with a recent recognition. In fact, Shiller advised on the risk of real estate bubble in the United States of America at the end of the 90's and later that circumstance was confirmed.
 

From January 2013, all the public aids will be focused on the renting of flats

From January 2013, all the public aids will be focused on the renting of flats and apartments. Their aim is to make the public aware of the changes taking place from the new preliminay Plan de la Vivienda 2013-2016, the content of which has been explained in general terms by a representative of the Housing Ministery. The main aspect that needs to be addressed is the disappearance of aids linked to the buying of an apartment that will come into effect, once this Plan has been published.

 

UNMISSABLE OPPORTUNITY! Penthouses and flats for rent overlooking the Cabecera Park and Bioparc (Valencia)

UNMISSABLE OPPORTUNITY! Penthouses and flats for rent overlooking the Cabecera Park and Bioparc (Valencia). CASSANA - Rental Specialists, offer you the chance to rent spectacular penthouses (from 860 euros) and flats (3 bed, from 735 euros), with a two-month payment holiday (price includes Property Tax (IBI), service charge, 2 parking spaces, swimming pool and gym) and magnificent views.

 

The Minister for Development (Ana Pastor) announces legal changes to the duration of lease agreements for flats

The Minister for Development has announced that in the coming days amendments will be made to the Urban Leases Act, specifically where it governs the duration of lease agreements for flats, with the aim of taking one more step towards encouraging people to rent flats.

 

New legal reform to provide legal protection to owners of rental apartments

On October 11 the BOE (Spanish Official State Gazette) published a new legal reform through which the Spanish Government has attempted to shorten eviction procedures following tenants' failure to pay rent. This new reform enters into force on October 31, 2011 and we have yet to see whether it will provide security for owners of rental apartments.

 

The Valencian Community pulls subsidies for rentals

The Government of the Valencian Community has withdrawn financial support for apartment rentals. It announced the decision in a May 18, 2011 order published in the Official Bulletin of the Valencian Community on May 26, 2011. Recipients of financial aid to meet rental expenses will have their assistance cut shortly.

 

OECD Aims to Promote Renting in Spain

The OECD says the rental housing market in Spain needs to be encouraged. The organization claimed the rental market required support given the high inflation provoked by the buying and selling of property in the last few years.

 

75 Percent of New Yorkers Prefer to Rent Rather than Own

In the economic capital of the United States, 75 percent, a large majority, prefer to rent rather than own an apartment. This isn't anything new for the city of skyscrapers whose extremely high costs have forced most to rent for a long time.

 

Ministry Requests 8,000 individuals return housing assistance

Persons who in 2009 received assistance for housing but earned more than 22,000 euros in the year are being asked to return 210 euros of rental assistance per month the Ministry of Housing offered them. The ministry says that surpassing this level of income is automatic grounds for demanding the return.

 

Average Apartment Rental Rises 0.6 Percent in the Region of Valencia

The average cost of rent for an apartment in the Region of Valencia rose 0.6 percent more in May 2010 than in May 2009.

 

Apartment Rentals Taking Off in the Valencian Community

Apartment rentals are soaring in the Valencian Community. The latest government data shows a clear upward trend in rentals with a total 9 percent of available properties being rented in the Community in 2007 rising to 32 percent in 2009

 

Crisis in Real Estate Increases Supply and Demand for Rental Units

The crisis in real estate has given a boost to the rental market. Though suspected for a long time, it is now confirmed. The crisis in the real-estate sector has significantly boosted the rental market in the last two years.

 

Law on Rental Apartment Promotion published in BOE

Law 19/2009, a law that aims to reform a series of laws on the promotion and acceleration of apartment rental procedures, was passed by the government and published in the Official Bulletin of the State on November 24, 2009.

 

November 21th 2015 Open Doors Day in Mislata (Valencia): rental of apartments of 1, 2, 3 and 4 rooms

Saturday November 21th 2015. Between 10.00h and 14.00h it will take place Open Doors Day in Mislata building in the apartments of Servihabitat in Mislata (Valencia), calle Ernesto Che Guevara, 24. The apartments of 1, 2, 3 and 4 bedrooms will be available to be visited. The prize of the rental includes taxes and community fees, as gym and pool. The building has a very good location, infront of Parque de Cabecera and Jardines del Turia, very close to Metro station 9 d' Octubre bus stations.
 

2015: the rental of apartments is still growing up and becomes a real alternative to property

2015: the rental of apartments is still growing up and becomes a real alternative to property, very usual custom in Spain. But not only persons are living renting an apartment (forgeting about the possibility of buying its house), but also investors are looking for apartments and houses, a sure asset more profitable than other assets. Taking into account the low profitability of lots of financial proucts and the high volatility of some markets, the real estate investments aimed to be rented has been consolidated again as a very interesting option.
 

Finally, it has been published in Spanish Official Gazzete (and so it is applicable) the modification of the Spanish Law that regulates the rental of houses and apartments

The modification of the Spanish Law that regulates the rental of houses and apartments finally has been passed. After a lot of rumours, negotiations and parliament steps, the Spanish Official Gazzete of June 5th published the Law 4/2013, of June 4th, with measures aimed to promote the rental of apartments market. The new regulation is applicable since June 6th. In the following article we are going to analyse some of the most emphasised modifications of the Law, wether these are affecting the tenants or the owners of the apartments.

 

European countries with lower unemployment levels, leaders in rental of apartments

It has been proven that European countries with lower unemployment levels, are the countries where it is most consolidated the tradition of renting apartments. The economically strongest countries in the European Union are the countries where less people are buying apartments and more people are renting (we are talking about countries in the Central and Northern part of Europe, with the exception of Italy).

 

The Government cuts aid for the renting of flats from its level under the "Zapatero era"

The Government has reduced the value of the aid for the renting of flats. Following months of uncertainty, the future of RBA is staring to become clear. Central Government has decided on a surprise cut in the aid given to young people who choose to rent a flat.

 

7 out of every 10 landlords fear their tenants will fall behind with the rent due to the economic crisis

7 out of every 10 landlords fear their tenants will fall behind with the rent due to the economic crisis. This is one of the greatest risks when renting properties in Spain.
 

Spanish real estate agencies looking to apartment rentals to overcome the recession

Spanish real estate agencies are focusing on the housing rental market as a way to overcome the current economic recession in the country. While renting is a reality for many Spaniards today, economists also believe that it will lift Spain out of its current financial crisis, linked to an over-purchasing of property on the real estate market in the last few years.

 

Eviction Still a Lengthy Process a Year after Legal Reform

Property owners continue to struggle to evict tenants a year after reforms to property law in Spain. Law 19/2009 of November 23, 2009 made it easier for property owners to evict tenants who refuse to pay rent, however in reality the numbers of such evictions has not increased.

 

New Problems for Rental Corporation

The Rental Corporation, known as SPA, is facing further problems, now with property owners who have complained that the corporation has failed to fulfil on its contracts. According to official reports, the Rental Corporation has returned properties to their owners rather than rent them out as agreed.

 

Why Don’t Many Owners Declare Rental Income in Spain?

Suspicions of tax evasion have once again become a concern in Spain. According to the Union of Employees of the Department of the Treasury, GESTHA, 55 percent of owners do not declare rental income. Why is this the case?

 

Ministry of Housing focuses on Investing in Rental Properties and Restoration

The Spanish Ministry of Housing has announced plans to promote investments in rental properties. The ministry also stated it aims to strengthen the housing rental market.

 

Savings Banks Look to Rent Flats with Public Assistance

Spanish savings banks plan to rent the many apartment units they have repossessed during the crisis in the real estate market, which has turned them and other financial institutions into serious property owners. Renting, say the banks, could be just the solution for them.

 

Information on Rental Assistance Improves

The Spanish Ministry of Housing has enhanced how it communicates information on rental assistance, known as the Basic Rental Allowance (RBE, Renta Básica de Emancipación in Spanish). The ministry aims to perfect communication between government and youth who receive the monthly allowance.

 

Landlords Not Paying Taxes on Rental Properties

An article published in Bloomberg says apartment rentals grew by 18 percent in Spain in 2008, reaching a figure of 2.2 million residential units. However, income declared by property owners only increased by 0.1 percent. How is this possible?

 

SOCIMI Regulation Approved

Law 11/2009 on the regulation of Societies with Investments in the Property Market (SOCIMI), listed companies dedicated to apartment and other property rentals, was published in the Official Bulletin of the State on October 27, 2009.

 
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