Finding The Perfect Tenant
The issues of concern to owners is the ability to pay and the respect and care of the property. The established tradition of buying a home, so different from the customs of the neighboring countries, had relegated this option to a minority market. Only two years ago, the percentage of owners at various points exceeded the European average. But one day the bubble deflated and what was once a more suitable housing option for students, immigrants and families with low incomes, has become a compulsory departure with which try to evade the crisis.
The need for liquidity has driven the formulation of the lease for the buildings, second-hand or new construction, can not find buyers in the market. The rental housing reached previously unknown dimensions. The number of households accepted the scheme in 2008 increased by 18.3%. Total leased property amounts to 2,208,539, 13.2% of the total, two points more than in 2007. However, the owners want to find a good tenant, so it must be fixed at certain aspects that will help the selection.
Charging time is not enough
Renting a property creates some concerns. Do not collect the rent on time or getting a lower than expected capital are more present on the owner. Years ago, most desirable tenants were the officials and staff of banks for business (rotations and transfers) must live rent. Why? For the safety of recovery. The president of the Professional Association of Real Estate Experts, Oscar Martinez Solozábal describes them as “good payers”. But the situation has changed. In pursuit of the perfect tenant is a new parameter that has a higher position in the list of demands from the owners. It has placed even above the desire to get a good income. Now is assessed, first, the care of the property. The fear of the state in which the tenants will leave the floor after his departure is compounded if the landlord has lived in or want to do in the future, once the lease.
Security deposit and rental insurance
To alleviate the fear against tenants who do not fulfill their obligations, or that do not improperly, the owner has two main instruments: the bond and rental insurance. The number of households that agreed in 2008 to rental housing increased by 18.3%. The first, mandatory as defined by the Urban Leases Act, must be equivalent to one month’s rent, if the property is rented for use as accommodation, and two months rent, when you have a commercial use. During the term of the contract, the deposit is not subject to update, but every time the lease is extended, the owner may require that bail be increased or decreased to fit the current income. It aims to cover possible damage to the house. If once the contract owner reviews it and finds that the appliances are damaged or notice damage to doors or any other item of property is entitled not to reimburse the bond.
Urban Leases Act further provides that both parties can agree on any additional security is considered appropriate. One is the contract of hire insurance. The coverage of such policies, maintained by the owners, includes a guaranteed monthly payment of up to 12 unpaid, compensation for vandalism or damage to property and cover the expenses of counsel, if the policyholder is required . This insurance is an essential tool in some cases. However, before you hire should know the price, coverage and limits. Overall, between 4% and 5% of annual revenue cost of the property.
Bank guarantee: you must renew
Until recently, only the owners of Madrid and Barcelona requiring the submission of a bank guarantee. Today, however, has become more of a term lease. His goal is similar to the bond, but the two formulas are different in form. The guarantee protects against defaults, but also used to cover possible damage to the floor.
Bond, bank guarantee and rental insurance protects the owner against the tenant does not fulfill the agreed obligations. This measure is not happy about the tenants, because to give the guarantee, the total annual income, the bank required to retain the same amount in the account, unable to afford it. In addition, a cost to the tenant, must pay various fees in fees for the study of the application, opening and risk for the entity.
Many homeowners are unaware that, like other insurance policies such as home or car, the bank guarantee must be renewed after a year or once the period for which it is signed. Otherwise, vanishing guarantees the deadline.
The Selection Process
The choice of the tenant requires consideration of certain aspects in advance. The most prominent are:
• When you post an ad, it should disclose the features of the house, location, and the monthly rent, in addition to the terms of the contract.
• You can refine your search using certain criteria: families with grown children or no pets, in general, better care for the house, a stable job, solvent or with a permanent contract, usually payment guarantee.
• Instead of using the bank guarantee, the landlord may apply to the entity with which the tenant operates and paying interest in his reputation.
• Reports from previous landlords are another option, but this information must be handled with care. The references on the candidate can not hide its desire to “get rid” of him.
