The demand for long-term rentals on Mallorca remains high. Balearic Properties, as a specialised real estate agency, offers a wide selection of flats, houses, villas, and country estates for long-term rent across the island. Whether you are looking for a cosy home for an extended stay or a luxurious villa on Mallorca, the offer caters to all tastes and needs.

Long-term rentals on Mallorca

Long-term rentals on Mallorca are ideal for those who wish to establish a base on the island without the commitment of buying a property. This type of rental provides stability and allows tenants to live on the island for extended periods, with contracts generally starting from 12 months. Unlike seasonal rentals, long-term rentals involve a more formal commitment from both the landlord and the tenant, with specific regulations and obligations that both parties must comply with.

Key aspects of a long-term rental contract

One of the fundamental aspects of long-term renting is the need for a clear and comprehensive contract that protects both the landlord and the tenant. The contract should include:

• Identification of both parties: Full details of the landlord and the tenant.
• Property description: Characteristics of the property, address, specific details.
• Rental period: Duration of the contract, start and end dates.
• Rent amount and payment terms: Monthly rent, payment method, due dates.
• Deposit and additional costs: Amount of the deposit and any other possible expenses.
• Maintenance and repair responsibilities: Definition of who is responsible for which types of repairs.
• Contract termination conditions: How and when the contract can be terminated.

Balearic Properties ensures that all contracts they manage comply with current regulations, offering legal security and avoiding potential conflicts.

Maintenance responsibilities and additional costs

Regarding maintenance responsibilities, the landlord is responsible for ensuring the property's habitability and carrying out major repairs, while the tenant is usually responsible for minor repairs and day-to-day upkeep.

In addition to the monthly rent, the tenant must cover consumption costs such as electricity, water, gas, and internet connection. Balearic Properties provides a comprehensive management service to ensure that both landlords and tenants meet their responsibilities, guaranteeing a hassle-free experience for both parties.

Advantages of long-term renting on Mallorca

Long-term renting offers multiple advantages for both landlords and tenants. For tenants, one of the main benefits is stability. Mallorca is an island with an excellent quality of life, with a mild year-round climate, spectacular natural surroundings, and diverse cultural and leisure offers. Having a long-term rental allows residents to enjoy all these benefits in a stable way, without the stress and uncertainties of frequent housing changes.

For landlords, long-term renting means a steady and predictable income, which is ideal for those looking to make a return on their real estate investments without the fluctuations that can come with holiday rentals. By signing longer contracts, landlords also reduce the risk of vacancy periods and avoid the additional costs of frequently having to advertise the property.

Considerations for tenants

Before signing a long-term rental contract on Mallorca, tenants should assess their own needs and expectations. They should consider the location, the type of property, and the specific features they are looking for in a home. Mallorca offers a great diversity of areas, each with its own unique charm: from the vibrant old town of Palma, full of history and urban life, to quieter, more secluded rural areas, ideal for those seeking peace and contact with nature.

Another crucial aspect is to ensure that all conditions are clearly stipulated in the contract. Tenants should have clarity about who will be responsible for what type of repairs, what additional costs need to be covered, and what the contract’s termination policy is. Having a well-drafted contract will prevent misunderstandings and potential conflicts in the future.

Balearic Properties offers an advisory service to tenants, helping them evaluate every detail of the contract before signing. In addition, they facilitate communication between landlord and tenant, making the process smoother and more transparent.

The long-term rental market on Mallorca

The long-term rental market on Mallorca has experienced growing demand, partly due to the island’s increasing popularity as a destination for both expatriates and locals who prefer not to commit to buying a property. Mallorca has become an attractive place for professionals who can work remotely, retirees seeking a comfortable place to live, and families who want to enjoy a Mediterranean lifestyle.

With the rise of digital nomads and people looking for a balance between work and personal life, long-term renting has gained even more relevance. This trend is driven by the quality of life that Mallorca offers, combining nature, leisure, culture, and a good infrastructure of services. In this context, Balearic Properties has specialised in offering homes that meet the new demands of the market, providing varied and high-quality options for those looking to settle on the island.

For many, long-term renting in Mallorca is also an opportunity to get to know the island in depth before deciding to purchase a property. Given the high cost of properties on the island, renting presents an ideal alternative for those who want to experience life on Mallorca without making a large initial investment.

Holiday rentals on Mallorca: Advantages and legal aspects

Holiday rentals on Mallorca are a popular option for those looking to enjoy the island for shorter periods, without the commitment of a long-term rental. This type of rental is managed by the subsidiary company Balearic Villas, which specialises in properties for holiday rentals, offering a completely different experience to long-term renting.

ETV licences and regulations

Balearic Villas has a wide portfolio of villas and apartments with a tourist rental license (ETV), ensuring that the properties comply with the legal requirements established by the Balearic government for renting to tourists. ETV licenses (Estancia Turística en Viviendas) are mandatory to legally rent a property on a holiday basis on Mallorca. These licenses ensure that the property meets certain quality and safety standards and is regulated by strict local laws.

When renting a holiday property with Balearic Villas, tenants can be assured that all properties have been verified and hold the necessary permits. This is especially important in a context where authorities are strengthening regulations and applying penalties to landlords who do not meet legal requirements.

Advantages of holiday rentals

Holiday rentals offer several advantages for both landlords and tenants:

• For landlords: They allow for additional income during high seasons when tourist demand is at its highest.
• For tenants: It is a perfect option to enjoy the island during holidays, with the comfort of a fully equipped home and the possibility to choose from different locations and types of property.

Balearic Villas takes care of the complete management of these rentals, including the promotion of the properties, communication with guests, and compliance with local regulations, making the process easier for both landlords and tourists.

In summary, holiday rentals managed by Balearic Villas are a flexible and attractive option for those who wish to enjoy Mallorca for a shorter period, with all the legal guarantees and the quality of service provided by a company specialised in the Balearic real estate market.