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Spain · EUR

Rentin Madrid

A Madrid lease runs five years by statute — seven if the landlord is a company — with the tenant holding the renewal right. The fianza is one month and must be lodged with the regional housing body, not kept in the landlord's account.

Nota simple first
Regional ITP mapped
3D map
6–10%ITP on resale, set by the región
10% + AJDIVA path on a new-build instead
NIEforeign tax number required before the deed
Nota simplethe first document, not the brochure
What a purchase really costs

€300,000 home in Madrid

ITP — resale transfer tax (6%)
€18,000
Notario (≈0.5%)
€1,500
Registro de la Propiedad (≈0.3%)
€900
Gestoría & legal (≈1%)
€3,000
Cash needed at the notaría
€323,400

≈ +7.8% over the price. ITP is the resale rate and it is regional — the same flat costs four points more in Barcelona than in Madrid. A new-build from a developer pays IVA (10% residential) plus AJD instead, never ITP. Get the nota simple before the deposit: charges and embargoes travel with the property, not the seller.

Rentals run on rules

The rent side, in three lines

  • Deposit is one month (fianza) plus a limited additional guarantee, and the fianza is lodged with the regional housing body.
  • Long leases run five years, or seven if the landlord is a company, with statutory tenant renewal — not a one-year rollover.
  • Zonas tensionadas under the 2023 housing law cap increases in designated municipalities; Catalonia applies them, most of Andalucía does not.

Tourist letting is a municipal licence question, never a portal assumption. Buy the asset, not an occupancy slide.

Cities

Six metros, six tax regimes

Spain devolves transfer tax to the comunidades autónomas. Madrid at 6% and Catalonia at 10% are the same purchase with a €12,000 difference on a €300,000 flat. Each city guide carries its own rate.

The Comunidad de Madrid has not declared zonas tensionadas, so the national rent caps that bind in Catalonia do not apply here. That is a political position rather than a permanent feature of the law — it can change.

Beyond the fianza a landlord may ask for a limited additional guarantee, commonly up to two further months. Demands well beyond that are not standard practice dressed up as market conditions.

Comunidad charges are normally the owner's and IBI always is. Check which of the two the advertised rent is quietly assuming.

FAQ

Can the landlord end the lease at five years?
The tenant holds the renewal right for the statutory term. A landlord can recover the property early only on stated grounds, such as documented need for their own household.
Is short-term letting an option?
It is a municipal licence question with an increasingly restrictive answer. Assume no licence until you hold one.

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