Tuesday February 07 , 2012


Rental Licences Algarve

As the owner of a property in the Algarve, Portugal are you aware that the Portuguese property rental law (Portaria n.517/2008) has recently undergone many changes?

All villas, apartments and rooms that are available for rent, but are not within a registered tourist development, are now classified as “alojamento local” or local accommodation and must be registered and licensed by the local authorities. Failure to do so can result in very heavy fines and a ban on renting your property. This rental license law is not just applicable to the Algarve, but the whole of Portugal.

In order to obtain a rental license on properties in Portugal, the property must meet strict legal standards for safety and hygiene. If upon inspection, the property does not meet these standards, then the rental license will be refused or revoked.

Asset Property Management and Rentals now offer a professional property licensing service in the Algarve and can offer this service to clients all over Portugal, working with you to obtain your rental license. Our specialist, bilingual staff, based in Vilamoura, in the Algarve, will guide you through the application process and will be responsible for all aspects of the application from gathering the necessary documentation and arranging inspections to providing safety equipment. We will only register your property with the local council once we are certain that it meets all the criteria and would pass the most rigorous inspection

For more information on any aspect of the new property rental laws including the local accommodation license, the application process, a breakdown of costs and the tax implications please contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it or (00351) 289 316 236.


 

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