Nerja Property Services - Long Term Rentals (2023)

FAQs

What is considered long term rental in Spain? ›

The duration of the lease agreement is 11 months.

If the property serves as your main abode in Spain, and it is not a holiday letting, this clause is null and void. Long term lets in Spain are for a minimum duration of 5 years (7 years, if the landlord is a legal entity).

The average price for properties in Nerja to 23/05/2023 was 432,006 € based on 573 properties.

How long can I stay in Spain without becoming a resident? You can stay in Spain for a maximum of 183 days per year (6 months) in order to not become a resident. If you spend an extra day (184 days and onwards), you will be regarded as a resident, hence paying resident taxes in the country.

How Long Can I Stay in Spain if I Own a Property? Even if you own a property in Spain, you're still entitled to stay for only 90 days in a 180-day period without applying for a residence permit or a visa. You can still buy or rent your property as you wish, but you must be careful not to overstay the 90/180-day rule.

Expats. Nerja has a population of about 21,000, about 25% of which are expats (either full-time or part-time). But what I should have mentioned in the video are the tourists – which make for a lot of foreign faces you see year round.

Nerja is more for relaxing, you have only beaches and caves with stalactites. Malaga is bigger, more culture, bars, history, etc. Beaches are better in Nerja than in Malaga, but in both places they're good. I should mention that Torrox Costa also has a rather nice beach and it's between Malaga and Nerja.

Nerja is mainly known for its natural beauty, and walking along the Rio Chillar is one of the best opportunities to soak up the gorgeous nature of Spain's southern coast. Admire the magnificent rock walls, wade through the crystal clear water and dip in one of the pools as a reward for your hike.

The 90-day rule

This rule simply states that you can live in Spain without residency for a maximum of 90 days. After those 3 months, you need to either obtain a residence permit, or leave the country.

You need proof of your income.

Before the landlord agrees to rent their property to you, they might ask for a document that proves you have a minimum monthly income that will allow you to pay the monthly rent without any problems. You have to have a bank account in Spain.

If you want to spend more than six months a year in Spain, you can't do so on a Schengen Visa, and will have to secure a long-stay visa before visiting the country. You can spend up to 183 days a year in Spain, consecutive or not, without becoming a long-term resident.

What happens if I overstay 90 days in Spain? ›

The penalties for overstaying can range from fines of 500 to 10,000 euros, and in certain cases, the offender may face expulsion from Spain or a ban from the Schengen area lasting anywhere from six months to five years. It is important to note that the gravity of the punishment depends on the severity of the violation.

Entry, Exit and Visa Requirements

Spain is a party to the Schengen Agreement. This means that U.S. citizens may enter Spain for up to 90 days for tourism or business without a visa. Your passport should be valid for at least three months beyond the period of stay.

Yes, if you are a non-EU citizen, you can obtain a residence permit in Spain valid for 3 years as long as the property you purchase is valued at over €500,000. This residency is famously called golden visa, and comes with great advantages (which we will explore below).

The minimum age to legally drink alcohol in Spain is 18, as in many other countries. It is the same thing, the legal age to consume alcohol is 18 in these cities and throughout the country. In recent years, there have been problems with underage alcohol consumption in Spain.

Balcón de Europa

It's one of the main tourist attractions in Nerja. It's a balcony with magnificent sea views. The king Alfonso XII named it this way because according to him you can see Africa from here.

If you stay in Nerja, a rental car is not absolutely necessary. Nerja is a wonderful place to explore on foot. However, if you are planning trips to the surrounding area, a rental car is a good choice. You can rent a rental car upon arrival at Malaga airport.

Although 99.5% of Spain's tap water is safe to drink, many Spaniards prefer to drink bottled water due to the taste.

Playa de Burriana

Burriana beach is a large, sandy beach east of the town of Nerja that is well-known for its beautiful blue water. The beach is easy to access and has gray sand, making it a great place to relax and swim.

Can you swim in Nerja beach? ›

Maro Beach Nerja {Playa de Maro}

Playa de Maro makes an excellent spot for those wanting a beach to snorkel, with its crystal clear waters and excellent visibility.

Nerja's a favourite with the Irish, and its attractions are numerous. It's got all the variety of bars and restaurants of other resorts, but it's also a town that stays true to its old Andalusian traditions.

Rental contracts in Spain have a minimum duration of 5 years. As a tenant, you can leave after 6 months if you give 30 days' notice. Doing so, depending on the clauses of the contract, may involve paying compensation to the landlord for the unexpired term.

Long-term rental: the property is rented to a tenant for an extended period of time. The time period for long-term leases typically ranges from six months to a one-year lease term at a fixed rent rate. Property owners may offer longer lease terms to their tenants.

11-month contracts are void and when challenged at court, a judge will rule they are in fact a long-term contract subject to the LAU, meaning tenants can stay in a property for five or seven years.

Rental Process and Rules for Tenants and Landlords

If you are wondering what your rights are as a tenant in Spain, and what rules and processes you should expect from your landlord, the following insights will be useful. Long-term rental contracts are typically five years long, or seven if the landlord is a business.

Under the new legislation, any rent rise during a tenancy must not exceed the Consumer Price Index (CPI) or the measure of inflation. This brings an end to rental contracts which included an obligatory annual rent increase. Notice of any increase must also be given to the tenant in writing.

Contract Duration and Termination

The duration of the tenancy agreement can be freely agreed upon by both parties before tenancy, however, under current Spanish rental law, the tenant has the right to rent a property for no less than five years, with the contract (Contrato de Arrendamiento) renewed annually.

Rental agreements are typically short-term. It is common for these agreements to be valid for a period of 30 days. In certain cases, they can be even shorter, lasting as little as a week.

An NIE. This is essential if you want to rent an apartment in Spain, so you'll need to get one in advance. An employment contract or study certificate. You'll need to ask your employer for a certificate proving that you're working legally in Spain.

What is the difference between leasing and long term rental? ›

The main difference between a lease and rent agreement is the period of time they cover. A rental agreement tends to cover a short term—usually 30 days—while a lease contract is applied to long periods—usually 12 months, although 6 and 18-month contracts are also common.

What is a Short-Term Rental (STR)? A residential dwelling unit or portion thereof rented or otherwise used for residential transient occupancy.

The parties may agree in the contract that, in the event of cancellation, the lessee must compensate the lessor with an amount equivalent to one month's rent in force for each year of the contract that remains to be completed.

If one wants to rent their own property, they need to have a proper permit - otherwise the owner of the property is facing a fine. It should also be noted that holiday properties in this part of Spain can be rented up to 60 days a year in the typical tourist regions.

The good news is that there are leasing companies in Spain who are specialized in assisting foreign professionals with financing their vehicles. To move forward, you will need to provide them with the following documents: Copy of passport with photo and work visa. Copy of valid driver's license.

This means that tenants will no longer have to pay a month as remuneration for the real estate agency to close the rental contract for the home. Instead, the owner of the apartment will have to bear the expenses generated by the real estate service.

In most cases, phone, electricity and water bills are paid by the tenant - although your landlord can give you an idea of the average costs. All homes available for long term rental - as opposed to short term vacation lets - must have an energy efficiency certificate.