Long Term Lets and Long Term Rentals in Tenerife

WHY GET A LONG LET OR LONG TERM RENTAL IN TENERIFE?

Renting a house, villa or apartment in Tenerife on a long let or long term rental is a great idea. Tenerife is a Spanish island, the largest of the Canary Islands in the Atlantic Ocean off Africa.

A long let in Tenerife is ideal for people who want to get to know the areas of Tenerife before they buy a property. A long term rental in Tenerife or a long let in Tenerife is perfect because you can even keep moving from area to area in order to experience the differences.

Are you coming to Tenerife and you need a job? Read our guide to jobs in Tenerife.

RENT A PROPERTY IN TENERIFE BEFORE YOU BUY

Often people buy a property in Tenerife without having any knowledge of the area or spending anytime in Tenerife first. Once they get to know the area they often wish they had bought their property in a different part of Tenerife.

Of course many people opt for a long term let in Tenerife because they don't want to buy a property in Tenerife. It may be that they can't afford to buy in Tenerife or that they are saving or thinking that property prices in Tenerife may come down.

IS IT HARD TO FIND A LONG LET IN TENERIFE?

Whatever the reason for wanting a long let in Tenerife or a long term rental in Tenerife you will find a limited amount of rental properties available.

This is because as a popular holiday island Tenerife is very busy and full in the summer. Many property owners rent their apartment and villa properties out over the summer season on a short term holiday let basis when they can charge very high rental rates.

Of course a property owner in Tenerife may prefer to long let as it is consistent and they don't have to keep finding new tenants each week and dealing with the work that goes into cleaning and making up a property on changeover days.

RENTING PROPERTY IN TENERIFE

Renting a house, villa or apartment on a long let or long term rental is a great decision if you are moving to the Spanish island of Tenerife.

So many people take a quick trip to Spain in order to buy a house and it is only later that they find out many truths about the area and location which causes them to regret making such a hasty decision.

Buying a property in Tenerife is such a huge commitment that renting first on a long term let or long term rental to try before you buy is so obvious, yet not enough people do it. When buying in Spain you have to pay 10% of the purchase price to the government so that is a lot of money down the drain if you want to move later on.

A long term let or long term rental in Tenerife enables you to really feel what an area is like in different seasons.

Some areas in Spain are too hot in summer and some areas are much wetter than people think (Barcelona area) and some areas are much colder in winter than people realise. Again - a long term rental in Tenerife enables you to feel it for yourself and decide which part of Spain you prefer.

A long term let or long term rental in Tenerife can even help you decide whether a move to Spain is really for you. One of the most important factors in moving to Spain is making a living and many people struggle and have to go back to their home country to make ends meet. You may find it hard to sell your house or apartment and may sell at a loss because you are desperate to move.

Renting a property on a long term let basis in Tenerife enables you to really get to know an area by talking to locals to find out where the best areas of Tenerife are. It's these little details that are crucial. Schools in Tenerife are another good example that are very hard to research thoroughly until you are actually here.

Now you are hopefully convinced, let's talk about the details of long term lets and long term rentals in Tenerife.

Long term lets or long term rental contracts in Tenerife are often referred to as Vivienda contracts. These should be much cheaper than short term lets because they are typically for a period of a year. You won't be able to move out within incurring a penalty. After the first year you will usually be able to out with only a months notice.

Long term rentals in Tenerife usually involve putting down a deposit of a month or two in the case of furnished properties.

Finding a long term let or long term rental in Tenerife is not easy because in many areas people can charge such massive prices for summer holiday rentals so they don't want a long term rental tenant in during these periods.

WHERE TO FIND LONG LETS OR LONG TERM RENTALS

The best places to find long term rentals or long lets in Tenerife is through the local estate agents or inmobiliaria. You won't generally find them advertised much, so phone or go inside and ask. This is because estate agents make so much money through selling property instead.

There is one major downside to a long term rental let in Tenerife. After the year the tenant has the right to renew for up to five years and the landlord can only increase the rent by the annual rate of inflation. So what's the problem!

Well because the tenants have so many rights, after a year you will find many landlords will want you out and will get different tenants in. It means you have to move over and over again but the upside is you experience living in different types of houses in different areas of Tenerife.

In any case, after a year's long term rental or long term let you probably have a better idea of where in Spain you would really like to live now - it may not even be in Tenerife - almost certainly it will be in a different area to the one you would have chosen before you moved to Tenerife.

So what can you get for your money? Well to rent an apartment in Tenerife on a long term rental let basis you are looking at about:

It costs approximately €650 euros a month to rent a 2 bed apartment in Tenerife on a long term let or long term rental basis.

It costs approximately €750 euros a month to rent a 3 bed apartment in Tenerife on a long term let or long term rental basis.

To rent a villa in Tenerife on a long term rental let basis you are looking at about:

It costs approximately €1000 euros a month to rent a 2 bed villa in Tenerife on a long term let or long term rental basis.

It costs approximately €1300+ euros a month to rent a 3 bed villa or 4 bed villa in Tenerife on a long term let or long term rental basis.

Recap: This page is about long term lets in Tenerife. Information for people looking to rent long term in Tenerife.

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