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Long-term rentals in Mallorca

Renting a luxury villa or apartment in Mallorca is the perfect introduction to life on the island, allowing you to try before you buy.

When looking for long-term rentals in Mallorca, it’s important to bear in mind that these are usually considered to be properties with rental periods starting from 6 months. If you are looking for holiday homes or short-term rentals, you can find holiday rental homes on our sister site, Balearic Villas. Long-term rentals in Mallorca allow you to discover different areas before committing to buying property. Properties for rent in Mallorca include villas, apartments and charming fincas.

7 listings match your search Long-term rentals in Mallorca

Looking for long-term rentals in Mallorca?

Perhaps you would like to see what it is like to live in Palma old town, or maybe you would love to experience life in the southwest of Mallorca in the glamorous municipality of Calvià, instead. If you are ready to commit to a minimum period of 6 months (although long-term rental contracts in Spain are usually 12 months) then you need to explore all the long-term rentals available in your desired area. Balearic Properties can help you find the perfect long-term rental in Mallorca.

Luxury long-term rentals in Mallorca

Some luxury properties for sale are sometimes also available for long-term rent. This is known as a alquiler con opción de compra contract (rent with option to buy). Buying a luxury property in Mallorca is a big decision. Hence, it’s always a good idea to consider long-term rentals before taking the plunge. Since there are so many different areas and types of properties in Mallorca, sometimes you need to explore all the different options before knowing which one is ideal for you.

Long-term rent in Mallorca, contracts, deposits and expenses

When exploring long-term rentals, it’s important to know all the costs involved with renting a property in Mallorca. As a non-resident or foreigner in Mallorca, it can be confusing to understand how things are done. However, Balearic Properties can guide you and explain the entire long-term rentals procedure for your peace of mind. Speak to our real estate experts for advice. After finding the perfect rental property in Mallorca, the most important costs to consider include:

  • Deposit (usually 2 months’ rent)
  • Agency fee/commission (usually 1 month’s rent)
  • Current month’s rent (usually 1 month’s rent in advance)
  • Community fees (usually paid by the landlord)
  • Utilities (electricity, water, gas, internet, TV, all usually paid by the tenant)
  • Garbage collection (usually paid by the landlord)
  • Land value tax or Impuesto sobre Bienes Inmuebles IBI (usually paid by the landlord)

Rent luxury villas in Mallorca

Mallorca has some of the most exclusive villas in the world. When renting villas in Mallorca, it’s important to consider all the added costs of living in a luxury home. For example, it’s crucial to take into account whether the villa for rent is furnished or unfurnished. Furnishing long-term rentals in Mallorca is a time-consuming and costly endeavour. It’s also important to bear in mind that most villas have gardens and pools, which require regular maintenance, usually paid by the tenant.

Rent luxury sea view apartments in Mallorca

Renting one of the many luxury apartments might be the easiest option when it comes to long-term rentals in Mallorca. There are many residential complexes with community gardens, shared swimming pools, parking and panoramic sea views, which provide the ultimate lifestyle. Renting luxury apartments in Mallorca involve less responsibility, and contracts usually have shorter notice periods, with a minimum of 30 days after at least six months have elapsed.

Balearic Properties can help you find property for long-term rent in Mallorca

Balearic Properties is an expert in luxury real estate in Mallorca, and has been dealing with properties for sale and holiday rentals for over 20 years now. Our insight into the local property market, extensive real estate portfolio and multiple offices in Pollensa and Puerto Portals allow us to provide tailor-made services to non-residents interested in long-term rentals in Mallorca. Speak to our multi-lingual experts for personal advice on rental contracts and properties for rent.

Long-Term Rental Property Mallorca 

Buying a property in Mallorca has become more affordable and has turned long-term rental in Majorca into an attractive option for investors who have turned the properties with no options to obtain a holiday licence into long-term rental properties. On the other hand, many Mallorca property owners have purchased a second home and rented out their first house or apartment.

Demand for rental property in Mallorca is expected to remain strong in 2021. Low costs to borrow money will remain very attractive and the Spanish banks are very active at the moment after Covid-19.

 

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