Looking to Rent

Renting your property:

When buying a property you should also consider its position when you think about selling it.....location, location, location. Will it be easy to rent, attractive to people who would love to stay there?

Have you bought into a development scheme, consider the contractual arrangements and agreement for personal use, replacement of scheme furniture. Management fees, all the other apartments may be your competitiors, or is it a pooled fund to be shared between owners?

If you are looking to rent your property and you declare it to the Finance Office in Espargos, they require 20% of your income from the rental! Check with Development rental schemes if this is deducted from the management and condominium fees or do you have to pay that seperately?

Looking to rent a property off someone?

Do you know where the property is situated, have a think about whether you feel safe walking back to that property at night, is it at the of back of beyond.

Have a look online for property description, read posted commenst of people who have stayed there. What were the concerns or complaints.

Would you need a car to get there or a taxi, are the roads (if there are roads) well lit. If you are looking to long term rent, people may prefer apartments that they may feel more secure in, or are nearer the town/beach etc.

Alternatively, some people will prefer to rent apts/villas on developments while others will prefer to stay locally, within the town area.

Have a look around the back areas of the town at night, use a taxi to drive you around.