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Whether you are a landlord looking to invest in property in the Algarve or a tenant seeking out a new home in the sunshine it’s important you know your stuff when it comes to the rental market in Portugal. Here’s everything you need to know, broken down into landlords and tenants.
Whether you are a landlord or a prospective tenant it’s important you seek out reputable legal advice, perhaps invest in a translator if you are unsure of the language and have all paperwork in order before signing anything.
Bear in mind that your life in the UK won’t necessarily be on hold, you may still have to pay taxes for both countries (especially if you have income in both). Renting abroad is a great way of enjoying a slice of the good life without the overall commitment, just be sure to check carefully you are happy with the situation before signing on the dotted line.
My understanding from several Portuguese tenants of mine that being a LL in Portugal is a nightmare.
The law is all on the side of the tenant.
If the tenant stops paying rent it is nigh on impossible to evict a tenant
My advice is to ascertain exactly what requirements are to evict
They are far more onerous than the UK
There are also far more things the LL has to have done to facilitate eviction.
LL be very careful in Portugal!
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