Rental

Renting a high quality villa, house or apartment in Mallorca is the perfect deal for living on the island as you can try it out before you decide to buy your dream home. When looking for long-term rental properties in Mallorca, it is very important to have in mind that these are usually considered properties with a rental period of 6 months or longer.

If you are looking for a holiday house or a short term rental, you can find it on our website 5Starshome.com. Long term rentals in Mallorca allow you to discover different areas before committing to buying a property. The rental properties at Ready to Live include charming villas, apartments country houses.

Perhaps you would like to know what it is like to live in the old town of Palma, or perhaps you would like to experience life in the southwest of Mallorca in the municipality of Calvià. Ready to Live helps you to find the perfect long-term rental property in Mallorca.

Some properties for sale are sometimes available for long-term rental. This is known as a rent-to-own contract. Buying a high-performance property in Mallorca is a good decision. Hence, it is always a good idea to consider long-term rental before taking the final step. Because there are so many different areas and types of property in Mallorca, it is sometimes necessary to explore the different options before knowing exactly which is the ideal property for you.

When looking for long term rentals, it is important to know all of the costs associated with renting a property in Mallorca. As a foreigner or a non-resident in Mallorca, a brief explanation can be helpful. With Ready to Live, however, you can get advice and orientation throughout the rental process so that you feel safe. Contact our real estate experts and let them advise you in detail. When looking for the perfect rental property in Mallorca, the following important costs must be taken into account:

- Down payment (usually 2 months' rent)

- Agency fee / commission (usually 1 month rent)

- Current monthly rent (usually 1 month's rent in advance)

- Community costs (usually paid by the owner)

- Public services (electricity, water, gas, internet, radio/TV, all usually paid for by the tenant)

- Garbage collection (usually paid by the owner)

- Property value tax or IBI property tax (usually paid by the owner)

Mallorca has some of the most exclusive villas in the world. When renting villas in Mallorca it is important to consider all the additional cost of living in a luxury home. For example, it is important to check whether the rental villa is furnished or unfurnished.

Setting up for long-term rentals in Mallorca is a very expensive and time-consuming affair. It is also important to note that most villas have gardens and pools that require regular maintenance, which is usually paid for by the tenant.

Renting a luxury apartments can be the easiest option when it comes to long-term rental in Mallorca. There are many residential areas with communal gardens, communal pools, parking and panoramic ocean views giving them a great lifestyle. Renting luxury apartments in Mallorca involves less responsibility and contracts usually have shorter notice periods, at least 30 days after at least six months.

Ready to Live will help you find a property for long term rent in Mallorca.

Ready to Live is an innovator in the real estate sector in Mallorca and has been active in the holiday rental sector with the renowned brand 5StarsHome for more than 10 years. Our knowledge of the local real estate market, our real estate portfolio and our office in Sa Pobla enable us to offer bespoke services to non-residents interested in long term rentals in Mallorca. Contact our multilingual experts for personal advice on rental contracts and rental properties.

Buying a property in Mallorca has become easier and more affordable and has made long-term rentals in Mallorca an attractive option for investors who have converted properties into long-term rental properties with no option to obtain a vacation rental license. On the other hand, many owners have bought a second home on Mallorca and rented their first one.

The demand for rental properties in Mallorca is expected to remain strong in 2021. The low cost of borrowing will continue to be very attractive and Spanish banks are currently very active after Covid-19.