10 tips on commercial leasing in Spain!

1. You deal with the owner or an authorized proxy? 1.

Nothing is worse than making an enormous down payment in order to realize that you were duplicated by a person who wasn't the owner. The first thing you should do is always check that you deal with someone legally authorized to leave the premises (with a valid power of attorney). al aaliya island

2. Size of property

Do not take this as leases are often calculated on the basis of the property size and you will receive shafted overpayments if the premise is significantly smaller.

3. Optical fiber cabling

Modern businesses are extremely demanding in terms of data input and transmission and need 24-7 high-speed Internet connections. Make sure your commercial lease is already pre-installed with fiber optic cables to save you weeks, if not months, until it is installed. You really don't want to get stuck with a 48K dial up modem, don't you?

4. The logo of the company

Something like putting your company logo on the outside is so fundamental that many take it for granted and overlook when seeking office space. You really need your company logo outside, unless you plan to set up a dodgy boiler room. Some owners' communities do not allow this; some business centers also reject it. You need one, of course, except for shady practices. Don't take it for granted and ask for it always.

5. Deposit of the lease (fianza legal)

A tenant must pay a deposit of two months on commercial leases by law. The security deposit should ideally be transferred to an official regional institution by the landlord for security, as described herein. In addition, additional guarantees are usually requested. On commercial lets, it is free to negotiate with a landlord as a further guarantee how many months the deposit is required. I emphasize that there is room for negotiation, especially in high-end commercial lets. For instance, a local outlet or a beachfront pad in a fantastic place such as Puerto Banus (Marbella) can easily put you 12 months back. If you are a non-resident tenant with no links to Spain in particular, landlords will ask for more cast-iron (to hedge themselves) financial guarantees as you may be seen as risky option. It is convenient that the parties are cleared and negotiated from the beginning, as often it is a controversial issue.

6. IBI tax and quota of the Community of Owners

This will be one of the first points you should negotiate, to avoid unpleasant surprises. As a rule, landlords both shore up. In practice, however, this may not be the case. Don't take it for granted, then make sure you first ask to be on the safe side.

7. Rubbish (refuse charge)

Basura is a local rate that is usually borne by the landlord. Again, a question that is often overlooked by supporters. Make sure you know who pays to avoid unpleasant surprises in your city hall.

8. Who pays for the water and electricity services? 8. Are the utilities (up and down) connected?

Although the answer may appear blatant, that it is the landlord who pays for both, in practice you may be surprised to hear that the landlord actually pays for water. The tenant pays for electricity. You should also know if the utilities are currently connected to the delivery grid unless you like the exciting hope of waiting for weeks (the infamous morning, tomorrow you are afraid to hear in Spain...) for anyone to actually turn up at the property and connect you to it (unannounced). Obviously, a bullet to escape.

9. Does a (modern) A/C have it?

Spain is a hot country all year round, especially in the summer. You don't just want to sign up for a 12-month commercial lease to find out that your AC system is a General Electric Legionella-Fest in the 1950s. It's one expense you don't have to drag your feet and sprinkle generously; get a good modern AC system.

10. And finally... the landlord

Your relationship with a landlord often determines your success or your business failure. Try always to be on his good side, as you can easily miserable your life. You ought to ask your agent about this. A high turnover of tenants is always a big no. This final point is not related to law, but in practice it is critical, so please take my advice into account.

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