The dream of every landlord who wants to rent their home is to find a perfect tenant so that during the whole process from the signing of the contract until its completion and of course throughout the duration of the contract, the relationship is smooth and there are no problems or inconveniences.
Finding a good tenant for your home will give you the peace of mind that your home will always be well cared for, the payments will be on time and the lease will be fulfilled without problems saving you from conflicts and having to go to lawyers.
The way to find the perfect tenant (or as perfect as possible) is not an easy task and that is why the first thing we recommend is to go to a real estate agency that will diligently take care of all the paperwork.
In REA INMOBILIARIA we specialize in finding the best possible tenants for luxury homes in the north of Madrid providing all the necessary advice and advising on the market price of the same. Our tenants are mainly executives of multinational companies, embassies and expatriates. We work with numerous multinational companies that demand rental properties in our area. Our rate of defaulting tenants does not reach 1%; this is only achieved with a detailed study of the client before proposing a rental contract to our landlords.
Setting the rental price of your property is more complicated than it seems. If you set the price too high, it will probably be very difficult to be rented, but if you set it too low, you will surely lose money.
The most important thing is to find a middle ground, a balance, between what you want to ask for the rent and the demand in the market at any given moment.
Landlords (owners) and tenants (lessees) have obligations and responsibilities to fulfill. A good tenant will most likely be a good tenant if the landlord is also diligent and takes care of your questions and needs and eventually solve your complaints.
If there is a problem with the property, it should be dealt with as soon as possible, otherwise, the tenant's mistrust will be generated and it is possible that the tenant will use the payment of the rent as a coercive measure to have the defects fixed.
When renting a property it is important not to forget to depersonalize the property by removing all personal belongings to create a neutral environment and leave the essential furniture so that the tenant can adapt it to his needs, always offering to bring his furniture or paint the property.
The most important thing that a landlord is looking for is the security that the tenants comply punctually with the payment of the rent, so it is very important to ask for payment guarantees and references about the tenant.
If you want to gain their trust you should talk to them and ask them questions to get to know them better since a person who wants to rent your apartment should have no reason to hide anything.
What if I don't get paid?
This is the great fear of the landlord, to rent a house and that the tenant stops paying his monthly payments.
At the very moment that the tenant breaches his contract and stops paying the agreed rent, he becomes a defaulting tenant. A punctual delay can happen for numerous reasons but when this behavior is seen to be reiterative that is where the problems begin and it is better to face them as soon as possible.
In the following lines we tell you some important tips to evict this type of tenant.
The most costly and time-consuming solution is precisely when we have to evict the tenant for non-payment.
First of all, the most advisable thing to do is to try to solve this unpleasant situation through dialogue. In the first instance we recommend you to claim in a reliable way the outstanding debt, for example by means of a burofax.
It is also necessary to know what may be the cause of the delay and whether or not it is a one-time event. These first conversations will help us to clarify the situation and we will check if what happened can be resolved amicably or if, on the contrary, we must take other measures. According to the Law of Urban Leases the termination of a contract for the non-payment of a monthly payment, that is to say that with the lack of a single payment, the owner has the right to recover his property and if the tenant does not want to vacate it, the eviction process can be started.
At the moment that the tenant stops paying several months of rent and does not do his part to reach an agreement to cancel the outstanding payments, we will have to resort to the judicial process so that we can evict him from the property by filing an eviction lawsuit.
This lawsuit must be signed by a solicitor and a lawyer for it to be valid and thus set the process in motion.
As soon as the court admits the lawsuit, the notice is sent to the tenant with the date of the tenant's departure from the property so that he/she can proceed with the delivery of the property and the return of the keys.
This eviction process lasts from six months to one year from the time it is enforced by the courts.
In the event that a conflict begins with the defaulter for not wanting to leave the property, a trial will be held so that the judge can rule on the tenant's departure from the property and the liquidation of the money owed to the owner plus the corresponding interest for late payment.
What will be more difficult to recover are the monthly payments owed by the tenant to the landlord since in most of the occasions these are declared insolvent, but the property will be recovered in any case.
Our recommendation from Rea Inmobiliaria to all our clients who rent in the North area of Madrid, La Moraleja, El Encinar de los Reyes and the urbanization of Ciudalcampo is that it is very important to have as much information as possible about the history of the tenants and check within the legal possibilities if they are in any list of defaulters.
Sometimes offering an advance payment of 5 or 6 months instead of providing documentation can be a sign that can make us suspicious since they do it so that we accept them as tenants with almost no documentation.
Another important point to consider is to check that there are no discrepancies between the rent and the declared income and, as a deterrent, to always include in the rental contract the anti- payment defaults clause where the future tenant is informed that he may be included in the register of defaulters if he does not pay the agreed rent with the consequent prejudice for future operations that the tenant may carry out.