The definitive guide to buying, selling, renting and letting property in Portugal.
When relocating to Portugal, one of the most crucial things you'll have to do is arrange suitable living spaces. That's why, before your move date, you should start looking for housing options.
Furthermore, it's typically the case that first-time expats moving to Portugal rent rather than buy a house. In fact, renting is strongly encouraged since it allows you to adapt to the Portuguese way of life before committing to anything substantial.
There are two types of apartment rentals in Portugal: long-term and short-term. Long-term leases usually include a one-year term, while short-term ones are available on a weekly and monthly basis.
Because Portugal has become a popular tourist destination, some landlords are hesitant to offer long-term rentals. This is because Portuguese law usually bends in favour of tenants, and most landlords don't want to deal with the hassle of attempting to get rid of bad tenants after their contract expires.
This is mostly true in resort areas and major cities, where individuals are either visiting or investing in property. However, it must be stated that living in the more popular locations will cost a lot more, which is why shared housing flats for one person might be obtainable.
Furthermore, it's vital to realise that short-term rentals are more often desmobiliados (unfurnished), whereas long-term rentals are usually mobiliados (fully furnished). Because you might not be able to afford a place for a long time, things like furnishings are especially significant to think about since they may take some time.
Once you've weighed your alternatives, the quickest and most effective approach to locate accommodations is to view the online classified ad sites or contact a real estate agent.
Once you've chosen the ideal area to live, the next step is to sign a rental agreement (Contrato de Arrendamento) . The lease period, how much notice you'll need to give before moving out permanently, and when the rent amount may be changed should all be outlined in your rental contract.
nIf you're a resident of Portugal and go to the Renters' Union website, you'll see messages in both English and Portuguese welcoming you to join. nYou'll need a Número de Identificação Fiscal (a Portuguese fiscal contribution number NIF) if you sign your rental contract. You'll also be required to
The name, date of birth, and ownership of the landlord should all be included in your rental agreement. Some landlords or real estate agents may provide English-language rental contracts, but you should expect to have them translated professionally by a professional translator.
In certain regions, you may bypass the contracts; however, be careful: landlords who are eager to skip the rental paperwork are generally unlicensed alojamento (without a renter's license). We don't recommend skipping rental formalities because if any issues arise and you can't contact with the property owner, it might be difficult to resolve things
The landlords in Portugal usually demand a security deposit of at least two months' rent. It's also highly probable that they'll want the first month's rent upfront, as well as the security deposit. It's also critical that you take a comprehensive inventory of the entire area, recording any previous damage so you aren't accused of it and lose your deposit.
Apart from short- and long-term rental alternatives, most landlords will allow you to choose between a fixed-term lease or an open-ended tenancy.
The minimum period for an initial lease is one year, but it can be extended to two years if the landlord agrees. However, if you're not sure how long you'll stay in a certain area for any reason, it's preferable to select a flexible lease that allows you to depart whenever the time comes.
If you opt for an open-ended lease, be sure to note the notice period in your rental contract. Some landlords may ask that you provide them with a four-month notice before vacating the property.
You may anticipate utilities, such as gas, electricity, and water, to be included in the monthly rental rate if you choose a short-term lease. However, most long-term rentals do not include utilities, so make sure you budget ahead of time.