AMENDMENTS TO THE LAW FOR RENTAL AGREEMENTS IN SPAIN

Property lawyer in Spain. Spanish Law 4/2013 4th June, measures for flexibility an rental property mar"et. In order to obtain a balance between the needs of lease of properties and the necessary guarantees for the landlord, in order to put properties at the rental market, the Law carries out a series of amendments on the following relevant matters 1) Priority is given to the will of the parties. e!elopment of the

2) his !panish Law re u#es the uration of the man atory extension from five to three years and from three to one year in the tacit e"tension. #lthough the term of the lease will be agreed by the parties, when the contract is for a period of less than three years, it will be e"tended by law for annual periods until it reaches a minimum duration of three years. $) $he re#o!ery of the property by the owner to be used as permanent home. In this case it would not be applicable the mentioned compulsory e"tension if, after the first year, the landlord informs the tenant about his need to use the property as permanent house. %) $he with rawal from the Spanish #ontra#t by the tenant. he tenant may

withdraw after si" months and by notification to the owner with a least thirty days in advance. he parties may agree in the contract a compensation for the landlord. &) Sale of a rente property in Spain. he purchaser of a property registered at the Land 'egistry will only be subrogated in the rights and obligations of the landlord when

the rental agreement is registered at the Land 'egistry, not being damaged the buyer, by a lease not registered. () %p ate of the rent in#ome. Income will be updated each year of the contract under the terms agreed by the parties. In the absence of e"press agreement, the rent will be updated on the basis of the general inde" system of consumer price. If you wish to obtain additional information about the lease of your property in !pain or to review your rent contract, please contact us. #t #rcos ) Lamers #sociados a professional will provide the necessary advice on the granting of your contract and will inform you in all your rights in !pain. #rcos ) Lamers #sociados, your property lawyers in !pain, registered accountants *economists) in +arbella, +,laga, !pain. $hrou&h the si&nin& of a professional lease #ontra#t, your ri&hts will be prote#te . www.ar#os'lamersaso#ia os.#om +arbella, !eptember 2-1$.