A renting guide for tenants in Spain
Every year the city welcomes many new people who decide to become citizens of Barcelona, some for business, some for pleasure. Barcelona is a city that isn’t afraid to welcome new, innovative ideas, artists and designers.
ChicRoom Properties hold the key to a properties that fits perfectly your needs and it’s team of professionals will make sure that the rental process can run smoothly.
Once you find your ideal property, there is a list of the necessary documents you must have to rent a property in Barcelona, apart from your DNI/NIE/Passport and a bank account in Spain with sufficient funds to cover all expenses.
If you work in a company:
- Employment contract or
- Last two payrolls.
If you are self-employed or international customer:
- Statement of income.
- Additional documentation might be required.
If you own a business:
- Corporate tax statement.
- Company deed.
- Document certifying your company involvement.
If a company:
- Corporation tax.
- Income Statement.
If you are a student:
- Copy of your Passport / DNI
-
Enrollment letter from your university. The enrollment letter should specify the period of your stay and confirming that the enrollment fee was paid.
Flat hunting steps
Stage 1: Defining Search
In order to ensure a successful search it is essential to define your search requierements such us: budget, number of bedrooms, location and any other especial features to make the search efficient and successful.
In case you are unsure about some details and need personalised help, our agents are available to provide advice and assistance anytime you need.
Stage 2: Visit Schedules
You can either search for your perfect property directly from our website www.chicroomproperties.com, contact us directly at info@chicroomproperties.com or call us to our customer service number +34.93.368.21.07 or +34.647.841.911 so we can recommend you properties only based on your particular requirements.
Once you have done a list of properties of your election, through our personalised service will make the necessary arrangements for your visits. In the meantime, if necessary, we can propose you alternatives until find your new home.
Stage 3: Property Reservation
Once you have decided on a property to rent you will be asked to secure the apartment by leaving a security deposit (“Paga y señal”) so we can put a hold on the visits an reserve the property for you until an agreement on the terms is achieved along with the owner (entering date, price, and bond among others). If for some reason an agreement cannot be achieved, the deposit is refund.
This deposit usually is equivalent to one month and once the contract is signed this amount will be deducted from the total payments (deposit required by the owner or the agency’s fees). You may also leave a deposit directly upon a visiting a property as far as you are positive about it and don't want to have the risk of somebody else take it.
Stage 4: Contract Signature
The Spanish Rental Contract is a private agreement between two or more different parites:
The Landlord and the Tenant(s). There is no legal prescription of any particular format or legal structure for the rental contract document: any kind of agreement is valid, as long as it considers few key elements that identify each of the parties involved in the rental agreement, address of the property to be let, the time, terms and conditions of the rental, and any especial right or obligations which the parties will be subjected and must comply with.
You will need all the documentation detailed below at the time of signing the contract:
- References: Landlords in Barcelona will customarily request references stipulating the prospective tenant is able to cover all expenses and rents. These references could be, for example, employment contracts, pay stubs and the previous year’s income tax statement, among others.
- Security deposit: Depending on the terms of the contract, a security deposit must be provided to the owner to ensure the property is returned in the same condition as when it was received. Any expenses incurred by damages to the property may be covered by this deposit. By law, the deposit is one-month´s rental and paid in cash.
- Bank guarantee/endorsement: Although it is not always done, it is common practice in Spain to request a bank guarantee equivalent to two to six months rent. This guarantee serves to cover rent payments in a situation if the tenant fails on rent payment.
- Agency fees: CRP charges an agency fee of 10% of the annual rent + VAT. This amount must be paid in full at the contract signature.
Even though, each Landlord is different and may ask for specific payment conditions, the most common payment expenses to count with are:
- First month payment in advanced
- Security deposit (normally 2 months, refundable at the end of your stay)
- ITP tax (0,5% of the total amount of the contract lenght)
Our agency fee vary depending on the length of your stay as follows:
- For long term contracts more than 1 year: 10% of the anual rent + VAT.
- For temporary contracts from 5 up to 11 months: 1 month fee + VAT.
- For temporary contracts from 2 up to 4 months: 50% of one monthl rent + VAT.
- For temporary contracts up to 1 month: 25 % of one monthly rent + VAT.
In Spain the agency fee is always paid by the Tenant.
If you have any questions or queries, you are naturally welcome to contact us