Archive 9 April, 2019

New Property Law Regarding Rentals

Last month, on the   1st  March 2019, a new Law took place that affects properties, especially when renting.

This is classed as an urgent measure due to a deficient property market, especially in the rental sector.

One of the main benefits, that hasn’t changed from the previous Law, is that valid contracts that aren’t registered in the Property Registry (Registro de la Propiedad), are still protected in respect of third parties. This means that, if there is a sale on a rented property the tenant is always protected.

Source: LACS

Read more on the LACS website