If you’re considering renting your property in Tenerife, it’s essential to be aware of the legal requirements and best practices to ensure a smooth rental process. First and foremost, you must obtain a VV license for vacation rentals, and ensure your property is located in a compliant area.
In some cases, you have the option to manage the rentals yourself, but often it’s required to work with a registered rental company that is authorised to operate in your specific complex. This helps ensure that your property adheres to local regulations and provides a professional rental experience for your guests.
Additionally, it’s crucial to stay informed about your tax obligations related to rental income. Many property owners often wonder if they can allow friends and family to use their property. The good news is that you can let your friends and family stay at your property as often as you like, whether you choose to charge them a small fee or not. However, keep in mind that you cannot have a constant flow of visitors, such as 52 friends and family members coming every week.
By following these guidelines, you can successfully rent your property in Tenerife while complying with local regulations. If you have any questions about the rental process or need assistance with your property, feel free to reach out. I’m here to help you make the most of your investment in Tenerife’s vibrant real estate market.
