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  1. #1
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    What are the rules regarding renting apartments to tourists in Tenerife?

    does anyone know the ins and outs of this apartment rental buisness - who can market properties and who cant? Do you need a tourist licence. am hearing companies are being fined - what is going on?
    Thanks

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  3. #2
    Super Tenerifian chris's Avatar

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    Quote Originally Posted by Fiesta View Post
    does anyone know the ins and outs of this apartment rental buisness - who can market properties and who cant? Do you need a tourist licence. am hearing companies are being fined - what is going on?
    Thanks
    Welcome to the forum all your answers are in this thread:

    http://www.tenerifeforum.org/tenerif...ettings-thread

  4. The Following User Says Thank You to chris For This Useful Post:

    larryfishkin (09-08-2012)

  5. #3
    Super Tenerifian

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    Quote Originally Posted by chris View Post
    Welcome to the forum all your answers are in this thread:

    http://www.tenerifeforum.org/tenerif...ettings-thread
    questions will be asked on thread so pay attention

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    Ecky Thump (10-01-2012), ruffus (10-01-2012)

  7. #4
    Super Tenerifian bonitatime's Avatar

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    I think you need to read the thread. Loaded works in the industry so has very interesting things to tell
    Catch up with all your CD Tenerife local team football or buy CD Tenerife & Spanish football items here

    Transport to and from the airport here.

  8. #5
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    Smile letting laws

    Hi
    The letting issue has been rumbling along for a while now, but the way i understand it after speaking to my solicitor friend in Santa Cruz, is that if you are a management company you need 50%+1 in any complex, the complex should be one that allows tourists, not a residential complex unless you are doing long term rentals, any company needs a tourist licence for each of the apartments it lets, my friend has said that there are lots of people who are confused by this, she deals with both the tax office and tourist office on a daily basis, she says for an individual owner you can rent out in a complex that allows tourists along as you submit your tax returns, and therefore you do not need the licence, if you decide to go through your onsite company you will then need to get one, the onsite company will be glad to do this for you, hope this helps.

  9. #6
    Super Tenerifian

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    Quote Originally Posted by lakeside7 View Post
    Hi
    The letting issue has been rumbling along for a while now, but the way i understand it after speaking to my solicitor friend in Santa Cruz, is that if you are a management company you need 50%+1 in any complex, the complex should be one that allows tourists, not a residential complex unless you are doing long term rentals, any company needs a tourist licence for each of the apartments it lets, my friend has said that there are lots of people who are confused by this, she deals with both the tax office and tourist office on a daily basis, she says for an individual owner you can rent out in a complex that allows tourists along as you submit your tax returns, and therefore you do not need the licence, if you decide to go through your onsite company you will then need to get one, the onsite company will be glad to do this for you, hope this helps.
    if your lawyer friend meant short term holiday lets rthen how come individual owners are being notified of 18,000E fines for doing just this ?

  10. #7
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    Tell the inspectors you dont need to be registered see what they say as what you say about a individual doing there own holiday lets and not registered is not how they see it. David
    Last edited by fixer; 04-02-2012 at 18:57.

  11. #8
    Super Tenerifian Loaded's Avatar

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    Really easy;

    If you own on a complex that is residential you cannot let to tourists but you can long let your property to residents.

    If you own on a complex with a tourist license you can let your apartment through the onsite management agent who will register your apartment with the tourist board.
    Looking for Tenerife accommodation? Check out Paloma Beach Apartments - the number 1 self catering apartments in Los Cristianos*

    Need advice or want to search for Tenerife Property ? The Tenerife Property Video Blog is your guide.

    *as per Tripadvisor and Trivago review rankings.

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    fixer (05-02-2012), slodgedad (04-02-2012)

  13. #9
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    This is on the wrong thread but I will ask the question. Loaded do you deduct tax on behalf of your owners before payment is made to them or do they have to declare earnings themselves!!!

  14. #10
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    Hi
    Thank you for the reply, i have spoken to friends who are getting mixed advice from lawyers, the fines i am aware of are for people in residencial complexes, and also companies without tourist licences, i everyone wants the same thing, that is for the Island to boom and all this is just killing tourism and killing businesses on the island, lets hope they see the error of their ways before it is to late.

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