Renting in Marbella: Seven Top Tips
Whether you’ve just accepted a new job in Spain or you’ve been considering a move there for years, Marbella is a wonderful place to live. But buying property here can be both expensive and complicated, especially if you’re not planning to settle here for life. It’s actually the case that lonAcZAZg term rentals in Marbella can be a convenient and cost effective option. So if you’re thinking of renting in Marbella, here are seven top tips to help you get started.
Not all of Marbella is expensive
Marbella has something of a reputation as one of the most expensive places in Spain. It is certainly true that Marbella has some very exclusive and sought-after areas, but that doesn’t mean that you have to pay extortionate prices to live here. Properties on the famous Golden Mile and the luxury marina Puerto Banus undoubtedly have some of the highest property prices anywhere in Europe but if you are willing to be a little way away from these areas, the prices start to come down significantly. Generally properties around Marbella are far cheaper when you go away from the coast, so this can be an excellent way to reduce your costs.
Ensure the deposit is at a minimum
Just as with renting a property in Britain you will need to place a deposit down before you move in. Many landlords will ask for the equivalent of six months’ rent or more as their guarantee, but it’s worth knowing that this is well above the legal minimum. The law currently states that tenants must pay a minimum deposit of one month’s rent for unfurnished properties and two months’ worth for furnished properties. You should be able to get them to reduce their requirement from six months to two to three months, as there is no need for anything more than this.
Understand the price you’re paying
One key thing to understand is exactly what is covered by the price that you are paying. You need to ensure, for example, that the rate includes all of the relevant taxes. It can be easy to see a good price and to not realise that other properties were including more within the price. And of course, remember that any bills that are not included in the price will need to be paid by you. For an estimate you can ask the landlord how much past bills were for the property.
Be careful of agency fees
Be careful with the estate agents that you work with and understand that some will charge fees for the service they provide – even if they have done very little. Make sure to ask whether there are any agency fees to pay. It may be best to avoid this sort of arrangement if you don’t want to be facing on-going charges.
Make sure you and the landlord have the same expectations
Once again, it’s best not to assume anything about the agreement that you have in place with the landlord. Ask questions and clarify the situation before you commit to anything. For example, establish who is responsible for general maintenance. If the property needs repainting while you are there or if an old boiler stops working, who will be the one paying for it? It’s always best to know your landlord’s expectations so that there are no surprises
Understand the contract
It’s important that you fully understand the contract that you are signing. By law, the rental agreement will be in Spanish but it may also be possible to get a copy of the document in English. If not (and your Spanish is less than fluent) then it may be worth getting a solicitor to look over the details for you.
Take time during your property search
Finding a property in Marbella is a big task, especially if you’re not very familiar with the area. It is worth spending time getting to know the different areas and districts so that you can understand a good price. If you know anyone with experience living or renting in the area then make sure that you speak to them to get an impartial assessment of the kinds of costs involved with living here. This can give you the confidence to rent long term without worrying that you are making a mistake.