Three important things to keep in mind:
- It is obligatory to register with General Register of Companies, Establishments and Tourist Professions of the Valencian Community. To register the property, a habitation certificate must be obtained, the property must be furnished and equipped with the necessary equipment and appliances for immediate occupation and be in perfect hygienic condition.
- All owners of these rental properties are obligated to provide identification, and dates of entry and exit of tenants, in accordance with the regulations of the Interior Ministry, completed according to an official model, and send it to the corresponding Police Station or Civil Guard, depending on the location of the property.
- Revenues from rental properties must be declared correctly. During the fiscal year, two different periods must be declared: period in which the property is rented, in which the full income will be declared and the proportional expenses necessary for its rent, and the period in which the property is empty and at the free disposal of the owners, in which an income will be imputed for owning a second home.