Update on Combination Rentals in Comunidad Valenciana: Good News!

Important Update on Combination Rentals in the Comunidad Valenciana: Good News!

The new rental legislation, which comes into effect on Aug. 2, 2024, has caused some confusion among homeowners in the Comunidad Valenciana. In particular, the combination of tourist rentals and long- or medium-term rentals seemed more difficult to achieve. This raised many questions among our clients who have recently purchased property or are planning to do so. Fortunately, we can reassure you with good news about combination rentals in the Comunidad Valenciana!

Combination rentals remain possible!

After consulting with our lawyer and the Tourism Department of the Comunidad Valenciana, we can confirm that combination rentals are still possible. You can rent your property to both tourists and long-term tenants. Do follow the new guidelines to remain compliant.

What does “combination rental” mean?

So with combination rentals, you can rent your home to tourists temporarily and to long-term tenants at other times, provided you keep in mind the following rules:

• Tourist period: During the tourist rental period, you may only sign tourist rental contracts. This means that the tenant may sign a contract of up to 11 days.

• Extended stays: If you enter into a contract for 11 days or more during a tourist period, you must report it to the Tourist Registry of the Comunidad Valenciana to maintain the tourist status of your property.

• Reporting changes: If you enter into a non-tourist contract during the tourist period, you are required to notify the Tourist Registry. This is important to ensure that the cancellation rules and other tourist conditions do not apply.

Using your property flexibly

One of the biggest advantages of combination rentals is that you can determine the rental periods yourself. This allows you to match the property to market demand and serve both short-term tourists and long-term tenants. Which in turn can help optimize your revenues.

Have questions?

The new legislation can be complex, so if you have any doubts about how these changes apply specifically to your situation, don’t hesitate to contact our team at Your Destinations Real Estate. We are ready to help you navigate the regulations and optimize your rental opportunities!

Stay tuned for the latest updates by following us on our channels. Also, don’t forget to share this information with others who may benefit from this update.

Why is this update important to you?

As a vacation home owner in the Comunidad Valenciana, it is essential to understand how the new rental legislation affects your rental strategy. By using the option of combination rentals, you can enjoy both the benefits of tourist rentals and the stability of long-term rentals. However, it is important to be well aware of the rules and follow the right steps to avoid getting into trouble with the tourist status of your property.

Do you have any specific questions? Feel free to contact our team at Your Destinations Real Estate for more information or customized advice. We are happy to help you!

Share this update!

With legislation effective August 2024, it is important for many property owners to be well prepared. Share this information with friends, family or other property owners who could benefit from a clear overview of the rules surrounding combination rentals in the Comunidad Valenciana. That way, together, we can ensure that everyone can make the most of their rental opportunities!