Spain proposes paying small landlords for eviction delays

A small landlord in Spain could receive automatic payments if an eviction is suspended because the occupants are socially vulnerable. The payments would continue until those affected have another place to live. Spain’s General Council of Administrative Managers set out the proposal in a housing report presented in Madrid, Spain, on Tuesday, 13 October. It is a proposal, not a rule in force.

Who would get the money?

The council wants regional social emergency funds to cover the payments, with extra state funding where cases are concentrated. The amount would be based on a reference market rent.

The scheme would be for individual owners with only a few homes — around three, according to the report. Property companies and large landlords would be excluded. The council proposes creating a legal framework within 18 months.

Changes to rental contracts

The report also calls for cover against unpaid rent and certain damage in ordinary residential lets. The administration and owner would share the premium, with the Official Credit Institute and insurers taking part.

Seasonal lets would need a genuine, provable temporary reason, such as study, work or medical treatment. Without one, the contract would fall under the rules for ordinary residential lets. Both ideas form part of the council’s proposed 20-year plan for Spain’s housing market.

Topics: Housing

Source: Europa Press / Mallorca.com