Renting a property can be a source of extra income and a way to keep your property from sitting empty. However, doing so without preparation can lead to legal problems, non-payment or conflicts with tenants. Therefore, planning every step and knowing the requirements is key to a smooth and safe experience.
The initial phase involves the collection of the necessary documentation. You must prove that you are the owner of the property by means of deeds or the real estate tax receipt. In addition, it is mandatory to have the certificate of occupancy and the energy efficiency certificate, which indicate that the property meets the legal standards and helps the tenant to calculate their supply costs. It is also advisable to have recent electricity, water and gas bills at hand to facilitate the change of ownership.
Before posting the ad, prepare the home: Make minor repairs, paint walls, deep clean and, if possible, add basic furnishings. A well-presented home generates more interest and can justify a more competitive rent. Quality photographs and videos are essential to attract serious tenants. In addition, include clear information about square footage, layout, number of bedrooms, bathrooms, terraces, area amenities and nearby transportation. A well-kept property will make prospective tenants want to continue taking care of it and may even decide to stay longer.
Selecting the right tenant is another critical step to ensure that your property is in the best hands. Check references and solvency to reduce risks. On the other hand, hiring a non-payment insurance is a recommendable investment that protects against possible problems and provides legal security.
When drafting the lease, clearly define the duration of the lease, the amount of the rent, the deposit, the responsibilities for expenses and supplies, and an inventory of the furniture if applicable. Everything must be clear, no important points should be left unresolved. Most conflicts do not arise from bad faith on the part of either party, but from lack of foresight or poor communication.
Once signed, you receive the legal deposit and hand over all the keys of the property to the tenant. Finally, although it is not mandatory, registering the contract in the Land Registry offers an additional backup against non-payments or legal disputes.
Having the help of professionals can make the process much easier. At Blooming Homes, We accompany you every step of the way, from the preparation of the property to the signing of the contract, ensuring that your experience as a landlord is pleasant and hassle-free.
