It is very important that both tenants and landlords are clear about who must assume each of the costs derived from the property when signing a rental contract in Fuerteventura.
This issue is regulated by the Urban Leases Law (LAU), but private agreements between the parties may also have an influence. In this article we break down the common expenses in a rental and how they are usually distributed.
Expenses that correspond to the tenant in a rental in Fuerteventura
- Monthly rentThe tenant has the main obligation to pay the rent agreed upon with the landlord. This payment must be made within the terms and in the manner established in the contract.
- Utilities: Expenses related to the consumption of water, electricity, gas and internet are the tenant’s responsibility, unless otherwise agreed because they are included in the monthly rent. It is customary for the tenant to be responsible for these expenses, since they are directly proportional to the use made of them.
- Minor repairs: The tenant must bear the cost of minor repairs that are a consequence of the daily use of the dwelling, such as changing a light bulb, repairing a dripping faucet or replacing broken glass by accident.
- Garbage tax: Depending on the municipality and what is agreed in the contract, the tenant may be responsible for this tax. It is important to clarify this.
Expenses that correspond to the landlord in a rental contract in Fuerteventura
- Maintenance of the dwelling: The landlord must ensure that the dwelling is in habitable condition throughout the term of the lease. This includes making structural repairs, problems with electrical or plumbing installations, and any incidents that are not attributable to the tenant’s use.
- Community fees: Community fees are the responsibility of the landlord, unless it is expressly agreed in the contract that the tenant will assume them. However, extraordinary community expenses are always the responsibility of the landlord.
- Property taxes: Taxes such as Real Estate Tax(IBI) and other levies related to the ownership of the property. Some landlords try to pass on part of the IBI to the tenant, something that is only valid if both parties agree to it and it is reflected in the contract.
- Insurance: The owner must also assume the costs of home insurance to protect the structure of the home and its contents in case of damage. Although it is not mandatory by law, it is highly recommended.
The importance of a clear lease agreement
To avoid conflicts, it is essential that all these responsibilities be clearly spelled out in the lease.
In Fuerteventura, where the rental market is constantly growing due to tourist and residential demand, a clear and transparent agreement is key for a good relationship between both parties.
Knowing which expenses correspond to the tenant and which to the owner is essential to guarantee a rental without surprises. If you are thinking of renting your property in Fuerteventura or becoming a tenant, at Destiny Home we help you to manage all the details so you can enjoy a safe and hassle-free experience.
To make it easier for you, we leave you with a sample vacation rental contract, so that you can use it if you need it.
And, if you need more information or help, please contact us.
Always rely on local experts!
