New legislation for tourist rentals in Comunidad Valenciana: What you need to know
New rules for tourist rentals in the Comunidad Valenciana
As of August 2, 2024, new guidelines are in effect in the Comunidad Valenciana (Alicante, Valencia, and Castellón). Here are the main points:
- Short-term rentals (< 11 Days)
All rentals shorter than 11 days falls under tourist rentals and require a permit. - Long-term rentals (≥ 11 Days)
Rentals of 11 days or longer are classified as seasonal rentals and stay outside this legislation. - Tourist permits
New tourist permits are valid for five years and must be renewed at least one month before expiration. - Community association declaration
New applications require approval from the Homeowners’ Association (HOA), but existing permits from before August 2, 2024, are exempt from this requirement. - No separate rooms rentals
You may only rent the entire property to tourists. Separate room rentals are not permitted. - Cadastral reference
Include the cadastral reference on all official documents and contracts. - New application required for changes
If you make renovations, sell, or gift the property, a new tourist permit must be applied for. - No combination rentals
A property cannot be used for both tourist rentals and other types of rentals, such as long-term rentals. - Start renting within two months
After obtaining your permit, you must begin renting within two months; otherwise, your permit will expire.
What should your property offer?
In addition to the rules, there are also basic requirements your property must meet, such as:
- Evacuation plan: Have a clear evacuation plan and clearly displayed emergency information.
- Comfort: Internet, heating, and cooling must be available in the common areas.
- Amenities: Your property should be well-equipped with furniture, kitchenware, and linens.
Penalties for non-compliance
Following the rules is not just important; it’s essential for safeguarding your investment. The legislation imposes substantial fines for any violations, with penalties ranging from €10,000 to €600,000. Ensuring compliance can help you avoid these hefty consequences and manage your property effectively.
Transition provisions for existing licenses
If you already have a permit, there are transition provisions:
- Licenses before July 1, 2018: Remain valid without changes.
- Licenses between July 7, 2018, and the complementation of the new law: You must comply with the new requirements within five years, but your license will remain valid.
Opportunities for medium-term rentals
The new legislation also provides opportunities for medium-term rentals (11 days to 11 months) without requiring a specific license. This can offer additional flexibility!
Tips for successful rentals
Here are some practical tips to optimize your rental experience:
- Know the market: Research rental prices in Jávea to ensure your offer is attractive to guests.
- Cleaning service: Hire a reliable and professional cleaning service. It’s essential for your property to look good and clean, and having a trustworthy company handle this will prevent unpleasant surprises.
- Good communication: Be quick and friendly in your communications. This can lead to positive reviews and satifsied customers.
- Attractive listing: Use beautiful photos and clear information about what your property has to offer. It’s wise to hire a photographer or videographer who specializes in real estate.
- Insurance: Consider insurance specifically tailored for tourist rentals to protect yourself against unexpected situations.
The new legislation provides a clearer framework for tourist rentals, ensuring a stable and regulated market. This means fewer risks and more certainty for investors. Additionally, investing in real estate offers numerous benefits, such as generating passive income, building wealth through property appreciation, and taking advantage of the growing demand for vacation rentals in this beautiful region.
Are you curious about our offerings? Take a look at our current listings. If you have any questions or would like advice on purchasing property in Jávea, feel free to contact us. We are ready to assist you every step of the way!