Depending on the contract you have with your tenant, you need to be sure that either he is keeping up with utility payments or that you are doing so.
In addition, there are payments for Income Tax, basura, IBI, and Community fees to consider – all of these are the responsibility of the owner. Neither the tax office not the Ayuntamiento make allowances for absentee landlords – so it is up to you to make sure these payments are met.
As a landlord, your responsibilities are even more complex if you are not resident in Tenerife. What happens if the boiler in the apartment breaks down? Or if there is a leak coming through the ceiling from the flat upstairs? Remember that you are responsible for having adequate household insurance, and you should always inform your insurer that the property is rented out.
Whilst Tenerife Long Lets takes care of many elements for owners who are already resident in Tenerife, we really come into our own when taking care of apartments and houses for absentee landlords. Our Standard Service provides for:
- Contract Preparation
- Collection of Rent
- Property Inspection
- Handling Utility Bills
- Tenant Liason
- On the spot Repairs and Maintenance
We can provide an optional service to assist with:
- Ayuntamiento payments
- Community Administrators
At Tenerife Long Lets we take pride in offering a quality, reliable and cost effective service to our owners and tenants, and we understand the importance of responding to problems in a timely manner. If you would like to enquire about our services for Tenerife Property Owners please send us a quick enquiry.