Villas in Tenerife and holiday lets
Sunday, 11 December 2011
So you own a villa in Tenerife (or another Canary Island) and want to get legal so you can take bookings off tourists and fill up your villa for the periods of time you aren't using it.
That's good that you want to make things legal. There are two kinds of villas in the Canaries.
1. A villa that is part of a community of other villas, for example Sunset Golf Villas in Tenerife. If your villa is part of a community then article 38 of the Ley 7/1995 applies that means you need to have 50%+1 of the villas registered with the Cabildo or you can't rent out the villa. However that only counts if the development pre-dates the 1995 Letting Law. If the development is newer then you need 100% before you can register the villas. and there's something else stopping you too but we'll come to that in example 2........
2. A villa that is a standalone building and not dependant or part of on a community - if you own one of these then you don't need to worry about article 38 tripping you up - but you still can't register because there is a moratorium in place in the Canaries preventing any new registrations being given out unless it's a 5 star hotel.
In a nutshell, for the time being at least you have NO HOPE of renting your villa out for holiday lets. Until there is a change and the Moratorium is lifted no villas in the Canary Islands will be able to register with the Cabildo.
My advice, sit tight and stop renting if you can afford to, or long let the property - or failing that, it could be time to sell your villa.
Author Information
Author: John Parkes
Bio: John is a 30 something property enthusiast who has
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