LONG-TERM RENTALS GUIDE FOR MARBELLA AND THE COSTA DEL SOL

INFORMATION FOR TENANTS

Renting a property long-term in Marbella and the Costa del Sol is an excellent option for those looking to enjoy the Mediterranean lifestyle or settle in the region for an extended period. Marbella offers a unique blend of stunning beaches, a mild climate, and a vibrant atmosphere.

  1. RENTAL MARKET OVERVIEW
  2. Marbella is known for its luxury properties, but there are options for all budgets, ranging from modern apartments and townhouses to high-end villas. The rental market remains stable, with high demand from both locals and international tenants. However, during the summer, the availability of long-term rental properties may decrease due to short-term rental demand.

    The most expensive areas include La Zagaleta and Greater Marbella, while more affordable rental options can be found in East Marbella, Benahavís, and Estepona.

  3. SETTING YOUR BUDGET
  4. Determine your monthly rental budget in advance and consider additional costs such as utility bills (electricity, water, internet, alarm systems). Rental prices vary based on location, property size, and amenities.

  5. CHOOSING THE RIGHT AREA
  6. Selecting the right location is essential. Consider proximity to amenities, schools, transportation, and lifestyle preferences. Popular areas include:

    • The Golden Mile, Sierra Blanca, Puerto Banús, Nueva Andalucía, and San Pedro de Alcántara for luxury living.
    • East Marbella, Benahavís, and Estepona for excellent value properties in newly developed communities.Refer to our Area Guide for more details.
  7. FINDING A RELIABLE AGENT
  8. Working with a trusted real estate agent can save time and provide access to exclusive listings not always advertised online. At Gil Estates, we leverage our extensive network of landlords and local agents to find the perfect rental for you.

  9. BENEFITS OF WORKING WITH AN AGENT
  10. Partnering with a tenant's agent provides the following advantages:

    • Efficient and time-saving property search
    • Expert recommendations on areas and market conditions
    • Access to off-market properties
    • Organization and scheduling of property viewings
    • Due diligence on landlords and property background checks
    • Assistance with legal documentation and contract review
    • Multilingual support to bridge language barriers
  11. SERVICE FEES
  12. When acting as your representative, we charge a service fee payable by the tenant only if we successfully secure a rental for you. Our commission for long-term rentals (1 year or more) is 1 month's rent + 21% VAT, payable upon signing the rental agreement.

  13. STARTING YOUR PROPERTY SEARCH
  14. Be thorough in your search but ready to act quickly when you find the right property. Communicate your requirements clearly with your agent, including:

    • Preferred area
    • Property type (apartment, villa, townhouse, etc.)
    • Number of bedrooms
    • Budget
    • Specific needs (school proximity, pet-friendly, gated community, furnished/unfurnished, etc.)
  15. ORGANIZING PROPERTY VIEWINGS
  16. Maximize your viewing efficiency by:

    • Planning ahead and shortlisting properties
    • Scheduling multiple viewings in a day
    • Visiting no more than five properties per day to avoid decision fatigue
    • Exploring the area to ensure it meets your lifestyle needs
  17. LEGAL REQUIREMENTS & DOCUMENTATION
  18. To rent a property in Spain, you will need:

    • Proof of identity (passport or ID card)
    • Proof of income or available funds
    • References from previous landlords (if applicable)
    • NIE (Número de Identidad Extranjero) for identification and financial transactions
    • A Spanish bank account for utility payments (recommended)
  19. RENTAL AGREEMENT & SECURITY DEPOSIT
  20. Review the rental agreement carefully with your agent or lawyer before signing.

    Key terms should include:

    • Rent amount and payment schedule
    • Security deposit (typically 1-2 month's rent, refundable upon lease completion)
    • Maintenance responsibilities
  21. ADDITIONAL EXPENSES
  22. Beyond rent, tenants may need to cover:

    • Utilities (electricity, water, internet, alarm system)
    • Gardening and pool maintenance (for villas, approx. €150-€300/month)
  23. INSURANCE & PROPERTY MANAGEMENT
  24. Consider tenant insurance to protect personal belongings. Clarify with the landlord who is responsible for property maintenance.

INFORMATION FOR LANDLORDS

  1. AGENT'S SERVICE
  2. When you list your property with us, we manage the entire rental process, ensuring:

    • Maximum exposure through national and international property portals
    • Advertising across a broad network of professional estate agents and social media
    • Tenant vetting and due diligence
    • Lease agreement preparation and negotiations

    Our commission for securing a tenant is 1 month's rent + VAT, often shared with collaborating agents who introduce potential tenants. For an additional fee, we offer full property management, including maintenance, inspections, and tenant support.

  3. TAXES & COSTS FOR PROPERTY OWNERS
  4. If you rent out your property in Spain, taxes and costs include:

    • Income Tax: 19% for EU/EEA citizens, 24% for non-EU/EEA citizens, or progressive rates (19-46%) for residents
    • Transfer Tax (TPO): Rarely enforced but theoretically applicable for long-term rentals
    • Agency Fees: Based on a no-win, no-fee structure
  5. SHORT-TERM VS. LONG-TERM RENTALS
  6. Short-term rentals generate higher income but involve increased management costs and licensing requirements. Long-term rentals offer stable income with fewer administrative obligations.

WHY CHOOSE GIL ESTATES?

At Gil Estates, we have been operating on the Costa del Sol since 1993, providing expert guidance in real estate. Our multilingual team prioritizes long-term relationships built on trust and professionalism. Whether you are a tenant looking for the perfect home or a landlord seeking reliable tenants, we are here to assist you every step of the way.

Get in touch today and let us help you find your dream home in Marbella!