Spain’s rent compensation worth a year faces defeat
A payment worth a year’s rent is at stake for some tenants in Spain: lawmakers in Madrid vote on Thursday, 12 November, on whether to keep a decree requiring landlords to compensate them for ending a tenancy. A second, broader housing decree has the votes to survive.
One decree has the votes
The Permanent Deputation of Spain’s Congress of Deputies will decide both measures because parliament has been dissolved ahead of an election. Its left-wing parties hold 34 seats, while the People’s Party, Vox and Junts hold 34 between them. The Basque Nationalist Party (PNV) has the remaining seat. It says it will back the broader decree but oppose the compensation measure.
The broader package includes loans of up to 50,000 euros for a first home. It also bars evictions of vulnerable people who have no alternative housing until 2030 and provides for automatic extensions of rental contracts until 2028.
A year’s rent hangs on the second vote
The other decree covers tenancies that have passed five years, or seven years if the landlord is a legal entity. It would extend those contracts automatically for another five years. A landlord who chose to end one instead would have to pay the tenant the equivalent of a year’s rent.
Both decrees have been in force since their publication in Spain’s official gazette on 7 October. Thursday’s vote will decide whether they remain in place.
Source: Europa Press / Mallorca.com