More and more owners are hesitant between allocating their home to tourist rentals or traditional rent. Although both options allow profitability, legal and tax obligations are very different.
What is considered a tourist rental?
The tourist rental is intended for short and temporary stays, usually for vacations. In many autonomous communities it is mandatory:
- register the house.
- Get a tourist license.
- Meet specific safety and habitability requirements.
- Declare income earned.
Advantages of tourist rental
higher profitability in certain areas
In tourist cities, the monthly income can be higher than those of a conventional rental.
Flexibility for the owner
It allows you to have the home on certain dates of the year.
Disadvantages
- greater daily management.
- Penalty risk if legal requirements are not met.
- Additional cleaning and maintenance fees.
- possible municipal or ownership restrictions.
And long term rental?
The usual rent offers a more stable relationship between owner and tenant.
Main advantages
- more constant income.
- less rotation of occupants.
- less daily management.
IMPORTANT ASPECTS
The contract must comply with current regulations and correctly reflect:
- Duration.
- bail.
- expenses.
- Rent update.
- rights and obligations of both parties.
Which option is better?
It will depend on:
- the location of the house.
- the expected profitability.
- the time available for management.
- the legal limitations of each city.
Conclusion
Before renting a home, it is convenient to analyze the legal and tax implications of each modality to avoid future problems.
