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Rental Prices in the Canary Islands
16 May, 2023

Rental Prices in the Canary Islands

Rental Prices per Season

Like any popular tourist destination, rental prices in the Canary Islands vary by season. During the peak season (December to February), expect to pay around £1000 - £2000 per week for a holiday property. However, during the off-peak season (May to September), you could secure a property for as low as £400 - £800 per week.

Rental Prices per Island

Tenerife and Gran Canaria, being the most popular islands, command higher rental prices, averaging around £1200 per week. Lanzarote and Fuerteventura, though less crowded, still have a significant demand with rental prices averaging around £800 per week. La Palma, being less touristy, offers properties at more affordable rates, around £600 per week.

Popular Tourist Locations

Each island has its own popular spots. Let's explore some of them.

Popular Locations in Tenerife

Santa Cruz de Tenerife is a hit among tourists, with its lively atmosphere and vibrant nightlife. Don't forget to visit the Teide National Park and the exotic Siam Park water theme park.

Popular Locations in Gran Canaria

The Masp

alomas Dunes and Las Palmas, with its charming old town and bustling beachfront, are top draws in Gran Canaria.

Popular Locations in Lanzarote

In Lanzarote, don't miss Timanfaya National Park's volcanic wonders and the Jameos del Agua, a natural lava tube turned into an art installation by César Manrique.

Popular Locations in Fuerteventura

Corralejo Natural Park's dunes and the charming old town of Betancuria are must-visits in Fuerteventura.

Popular Locations in La Palma

In La Palma, the Caldera de Taburiente National Park and the quaint town of Santa Cruz de la Palma are top attractions.

Conclusion

The Canary Islands, with their diverse landscapes and unique attractions, are a treasure trove waiting to be explored. Whether you're a beach bum, nature lover, or culture enthusiast, there's something for everyone here. Remember, the islands are more than just their popular spots - there's an adventure waiting at every turn.

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Renting out Your House on the Canary Islands
01 May, 2023

Rules and Laws for Renting out Your House on the Canary Islands

Renting out your house on the Canary Islands can be a great way to earn extra income, but it’s important to be aware of the rules and laws that govern this practice. From registration requirements to tax obligations, there are several things you need to consider before you can legally rent out your property. In this article, we’ll provide an overview of the rules and laws for renting out your house on the Canary Islands, so you can avoid legal issues and ensure a smooth rental experience.

Renting out your house on the Canary Islands

  1. Introduction
  2. Registration Requirements for Rental Properties
  3. Permitted Rental Periods
  4. Rent Price Regulations
  5. Tax Obligations for Rental Income
  6. Health and Safety Requirements
  7. Tenant Rights and Protections
  8. Handling Complaints and Disputes
  9. Conclusion
  10. FAQs

Introduction

The Canary Islands are a popular tourist destination, and many property owners choose to rent out their houses to visitors. However, there are legal requirements that must be followed to avoid penalties or legal issues. In the next sections, we’ll provide an overview of the most important rules and laws that apply to renting out your house on the Canary Islands.

Registration Requirements for Rental Properties

If you want to rent out your property on the Canary Islands, you must register it with the local authorities. This registration process is mandatory and helps ensure that rental properties meet certain minimum requirements for health and safety. In some cases, the local authorities may carry out inspections of the property before granting the registration certificate.

Permitted Rental Periods

In the Canary Islands, there are strict rules regarding the length of time you can rent out your property. You can rent out your house for a maximum of three months per year, unless you have a specific license that allows longer rentals. This is designed to prevent the long-term rental of properties that should be used for residential purposes.

Rent Price Regulations

The Canary Islands also have regulations in place regarding the maximum rent that can be charged for rental properties. These regulations vary depending on the location, size, and condition of the property. If you charge a rent that is higher than the regulated amount, you may be fined and required to reduce the rent to the regulated level.

Tax Obligations for Rental Income

If you rent out your house on the Canary Islands, you are required to pay tax on the income you earn from the rental. This income is subject to income tax and must be declared to the tax authorities. If you are a non-resident, you will also need to appoint a tax representative in Spain to manage your tax obligations.

Health and Safety Requirements

When renting out your house on the Canary Islands, you must ensure that the property meets certain minimum health and safety standards. For example, you must provide appropriate ventilation, ensure that the electrical and gas installations are safe, and provide suitable furniture and appliances. Failure to comply with these requirements can result in penalties and even the revocation of your rental registration certificate.

Tenant Rights and Protections

Tenants who rent a property on the Canary Islands have certain rights and protections under the law. For example, the landlord is required to provide a rental contract that outlines the terms of the tenancy, including the rent amount, payment schedule, and the length of the rental period. Tenants also have the right to request repairs to the property if necessary.

Handling Complaints and Disputes

If a tenant has a complaint or dispute regarding their rental property on the Canary Islands, there are several options for resolving the issue. In most cases, it’s best to try and resolve the issue amicably between the landlord and tenant. If this isn’t possible, there are several legal options 

If amicable resolution is not possible, the tenant can file a complaint with the local authorities, who will investigate and take appropriate action. It’s important to note that the landlord must not take any retaliatory action against the tenant for filing a complaint or raising a dispute. Doing so can result in severe penalties and legal action against the landlord.

Conclusion

Renting out your house on the Canary Islands can be a great way to earn extra income, but it’s important to be aware of the rules and laws that govern this practice. From registration requirements to tax obligations and health and safety regulations, there are several things you need to consider before you can legally rent out your property. By following these guidelines, you can ensure that your rental experience is smooth and legal, and avoid any legal issues.

FAQs

  1. Do I need to register my rental property with the local authorities?
  • Yes, registration is mandatory for rental properties on the Canary Islands.
  1. How long can I rent out my property for?
  • You can rent out your property for a maximum of three months per year, unless you have a specific license that allows longer rentals.
  1. Are there regulations regarding the rent price for rental properties?
  • Yes, there are regulations in place regarding the maximum rent that can be charged for rental properties on the Canary Islands.
  1. Do I need to pay tax on my rental income?
  • Yes, rental income is subject to income tax and must be declared to the tax authorities.
  1. What should I do if I have a dispute with my tenant?
  • It’s best to try and resolve the issue amicably between the landlord and tenant. If this isn’t possible, the tenant can file a complaint with the local authorities.
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