The offer of real estate for long time rent on Majorca has become steadily more extensive during the past years. By the latest reform of the Spanish rent law (LAU), the legislator has created more clearance in the creation of the hire contracts. The long time renting has thereby gained over again in attraction for tenants and renters.
If long time rental on Majorca in the past was a subject for mainly moneyed retirees or on Majorca resident enterprises for accommodation of her seasonal forces, today long time rental for many freelances and independently of place working professional guilds is an attractive possibility to be combined life and work in Mediterranean atmosphere with each other. For many foreign companies long term rentals in Mallorca in employee motivation and training are now an integral part of their corporate philosophy. A long-term rent does not burden the cash flow and is fully deductible as a business expense.
Essentially, there are probably two reasons for the growing demand of high quality properties for long term rental in Mallorca. On the one hand a constantly growing number of multiple vacationers deciders who are looking for a long time rent. Because thus they can enjoy any time spontaneously some days in her rented country-house, villa or her apartment a few relaxed days on Majorca, without tiresome dependence on allocation plans. On the other hand real estate-searchers who would like to buy a property in Majorca use the option of a long term rental to get a first base in the island and start their property search with calm.
Long time rentals on Majorca are regulated by the Spanish rent law (LAU). We are speaking of long time rent from a contract term at least for one year. As a rule, by signing the contract a deposit of two or three months' rent, the first month's rent and the brokerage fee needs to be played.