If you decide to rent a flat yourself when moving to Madrid, you can either check the list of complete online search portals where you can find a big variety of ads, or to get an agent's help (with a little fee when the contract has been signed with the property owner).
Rent is usually paid one month in advance and a deposit will be required when signing the contract. Make sure that you get a receipt of this payment in order to get your money back by the end of the contract.
The rent for a house or flat in Spain is payable monthly. The current prices for an apartment rental are: €800 for a bedroom apartment in the city centre and 580€ in the outskirts of it. For bigger rentals, a 3-bedroom apartment in the city centre is about 1.500€ while it drops down to 990€ when located at the city suburbs.
Usually, monthly payments do not include expenses such as: electricity, gas, Internet connection, TV licenses.
Although prices can differ greatly, Chamberí, Chamartín and Salamanca are the most expensive neighbourhoods in the city. On the other side, "Pozuelo" area is the cheapest in the city to rent.
Most rental properties in Spain are let unfurnished, particularly for lets longer than one year.
Note that "unfurnished" doesn't simply mean "without furniture" in Spain. An unfurnished property, particularly in major cities, is usually an "empty shell" with no light fixtures, curtain rods or even a television aerial. There's also no cooker, refrigerator or dishwasher. Always ask before viewing as you may save yourself a wasted trip.
If the previous tenant has fitted items such as carpets and kitchen cupboards, he may ask you to reimburse him for the cost. You should be prepared to negotiate the price and make sure that you receive value for money.
Among the most popular webpages you can find:
Newspapers are also a useful source when searching for real estates. For rental ads consult the print versions of the main Spanish publications:
When looking for a flat/house to rent, you might want to hire a real estate agent in order to save you a lot of time and worry.
The agent will assist you on your search regarding your criteria, accompany you to the viewings that can fit your wished, help you with all bureaucracy and necessary documents for signing the contract and, if needed, also consult on options for receiving a credit.
The price of their services can vary from one real estate agent to another. Consequently it is necessary to discuss it previously and sign a contract. The agent is paid when the rental contract has been signed between the tenant and the landlord.
Spainhouses.net published more than 280 results for Estate Agents offices in Madrid
It is recommended to visit the property before signing any kind of contract to make sure everything is as expected and to gain a first impression of it.
It is also recommended to:
A property rental contract is only valid under written document. Both the tenant and the landlord should have two copies.
The contract should specify:
Upon moving in it is recommended to sign an inventory document listing the furniture, documenting the condition of the apartment and the electronic equipment, as well as the readings of the meters for water, electricity, gas etc. This document should be prepared in two copies and signed by the tenant and the landlord.
Notice that unless specified, a contract can be finished with one month's notice. Tenants may be required to pay property tax (IBI) and community fees if it's specified in the contract. Long-term tenants must take out third party insurance for a property they are renting.
Be aware of your rights and obligations as a tenant and your landlord's ones. The "Ley de Arrendamiento Urbano (LAU 29/1994)" is the law that rules and regulates the landlord and tenants rights and obligations in Spain.
The "LAU" differentiates the leasing of a property for housing purposes from other sorts of leases – like commercial ones.
In a residential letting, the LAU applies to the primary building claimed to be for domestic purposes when fulfils the need for a permanent home for the tenant, as well as any other land or structures connected to the property.
If you have a complaint regarding a long-term rental, you should report it to the local municipal consumers' information office (Oficina Municipal de Información al Consumidor/OMIC).
If they're unable to help you, they will direct you to the office where you can make a formal complaint.
A rental contract (contrato de arrendamiento) is necessary when renting any property in Spain, whether long or short term. A short-term or temporary contract (arriendo de temporada or contrato de arrendamiento de finca urbana amueblada, por temporada) is usually for holiday letting, although it can also apply to lets of up to a year and provides tenants with fewer rights than a long-term (arriendo de viviendas) contract.
When a landlord accepts a rent payment there's an implicit contract, although this is only for the period for which you have paid. You should receive a written receipt for all rental payments.
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