Managing your property in Spain

If you own

Foreigners who own a private home in Spain that is part of a resident’s association (comunidad de vecinos) will not have a hard time managing their property during the time they spend out of Spain.

Resident’s associations in apartment buildings and chalets contract the services of a property management company which then handles all community management including cleaning, maintenance, and repairs in communal areas. For this reason, each member has to pay a monthly fee for community expenses.

If the property is going to be empty for a long time, it is always advisable to hire a cleaning company to carry out internal maintenance. It can also be advisable to take out home insurance to cover any accident or theft that may occur.

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If the property is not part of a resident’s association or used for private enjoyment, but rather is used for renting out, the best option would be to contract the services of a property manager or a real estate agency.

Both will take care of the property: attending to cleaning and necessary maintenance, looking for new tenants, carrying out all of the necessary bureaucracy for rental contracts, and collecting the rent while the owner is absent. The commission charged by property managers for these services is usually around 5 to 10% of the rent.

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