{"id":325548,"date":"2024-02-05T11:44:48","date_gmt":"2024-02-05T10:44:48","guid":{"rendered":"https:\/\/aq-acentor.com\/?p=325548"},"modified":"2024-02-05T11:44:49","modified_gmt":"2024-02-05T10:44:49","slug":"new-urban-lease-law-in-spain","status":"publish","type":"post","link":"https:\/\/aq-acentor.com\/en\/new-urban-lease-law-in-spain\/","title":{"rendered":"Urban Lease Law in Spain: everything you need to know"},"content":{"rendered":"\n

The spanish Urban Lease Law (LAU)<\/strong> governs and protects the leasing<\/a> industry. Nevertheless, amendments have been made<\/strong> that affect all new lease agreements that have been drawn up since then. Below is a rundown of the new 2023 Urban Lease Law and what requirements you need to comply with.<\/p>\n\n\n\n

What is the Urban Lease Law?<\/h2>\n\n\n\n

In accordance with the 2023 Urban Lease Law<\/strong>, an urban lease is a contract whose purpose is to set forth the assignment of the use of a property <\/strong>in exchange for a rent. This means that the lessor charges the lessee a fee and, in return, allows the lessee to use the property. Bear in mind that it doesn\u2019t have to be a house<\/a>; it could be a shop, a storage room, a garage, etc.<\/p>\n\n\n\n

Therefore, the law, known as 2023<\/strong> Urban Lease Law<\/strong>, governs the use and application of lease agreements, as well as setting forth the responsibilities, obligations and rights <\/strong>of the parties for the duration of the contract. However, this regulation was already in force before 2023.<\/p>\n\n\n\n

Developments in the 2023 Urban Lease Law<\/h2>\n\n\n\n

This spanish Urban Lease Law (publicised in the Official State Gazette) was first published in 1964<\/strong> and, since then, has undergone a number of amendments. Below is a rundown of the latest amendments<\/strong> made to this new lease law in 2023.<\/p>\n\n\n\n

\"developments-in-the-2023-urban-lease-law\"<\/figure><\/div>\n\n\n\n
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Extension of the minimum lease period<\/h3>\n\n\n\n

The latest amendment made to article 9 of the Urban Lease Law has increased the minimum obligatory lease period<\/strong> of the agreement to five years. On the other hand, a tactical extension of three years is triggered for natural persons<\/strong> only if both parties want to renew it. Should the owner be a legal entity, the minimum duration of the agreement shall be seven years.<\/p>\n\n\n\n

Duration of the rental agreement.<\/h3>\n\n\n\n

The new 2023 Urban Lease Law allows you to freely set the duration of the contract<\/strong>. This means that, if you wish to enter into a one-year agreement, you can do so. Nevertheless, bear in mind that, after this year, the contractual relationship is upheld. Therefore, an extension is automatically triggered<\/strong>, unless one of the parties indicates that it wishes to terminate the contract, but this must be done in advance of the stipulated renewal date.<\/p>\n\n\n\n

It\u2019s important to bear in mind that four months\u2019 <\/strong>advance notice must be given to the lessor and two months advance notice must be given to the lessee with regard to terminating the agreement. If neither party expresses a desire to terminate the agreement, the agreement shall be automatically renewed for five to seven years from the date on which this agreement is entered into.<\/p>\n\n\n\n

Early termination of the contract<\/h3>\n\n\n\n

After six months, if the lessee wishes to terminate the lease agreement, he\/she must give the lessor at least 30 days\u2019 notice<\/strong>. However, bear in mind that lease agreements usually include compensation to the lessor <\/strong>in the event that the lessee doesn\u2019t comply with the term set forth therein. This amount is mutually agreed between the parties.<\/p>\n\n\n\n

\"current-urban-lease-law\"<\/figure><\/div>\n\n\n\n

On the other hand, the lessor may wish to reclaim his\/her property<\/strong> during the first year of the agreement and can do so. Nevertheless, if the property isn\u2019t occupied within three months, the lessee has the right to move back into<\/strong> the property<\/a> or claim compensation.<\/p>\n\n\n\n

If the lessor wishes to terminate the lease, the new Urban Lease Law<\/strong> states that he\/she can do so if any of the following cases arise<\/strong>:<\/p>\n\n\n\n