In this article we are going to explain the importance of deposits for vacation rentals or short-term rentals.
The regulation of the rental of homes for vacation or short-term purposes differs from long-term rentals for several aspects. Some of this aspect to highlight is the issue of bonds, it is a deposit that is paid as a guarantee for the owner of the house (The Urban Leasing Law, Article 36) that can be agreed between both parties and there is no maximum amount .
It is like a guarantee that in the event that something happens in the house, that deposit can cover the costs of repairs and in the event that there is no type of incident, said deposit amount is returned to the tenant.
So far everything is very idyllic, however, many of the vacation tenants do not see it that way and what they want is that said deposit cover the expenses in advance of possible extra days of vacation or other expenses that the tenants may cause. But that is not the purpose of the deposit, its purpose is to cover any damage caused by the tenants during their stay in the house during the holidays.
In the event of any damage or malfunction in the home exceeding the cost of the previously left 2-month deposit, there is a law that offers the possibility of establishing additional guarantees stipulated in previously signed contracts, both by the tenant and by the owner of the property. the House. This gives a certain peace of mind to both the owners and the tenants who cause the damage.
Although the legislation, in terms of vacation rental deposits, is similar throughout Spain, some of the Autonomous Communities establish different regulations in this regard, but what is maintained is the purpose of depositing a rental deposit.
At the same time, the provisions contemplated by the rental law linked to the deposit, try to reduce tax evasion. Many owners of short-term rental homes, and also tenants, try to evade paying the corresponding taxes.
In summary, the security in vacation rentals has as its main purpose to guarantee compliance with the contract, cover possible damage to the property, encourage good care of the home and balance the interests of both parties involved in the rental contract.