Main keys of the new Housing Law

Javier García, associate of the real estate department of Lener, has participated in the event with investors, organized by Spotahome in which the main keys of the new Housing Law have been addressed.  

It has been a space for dialogue in which the uncertainties raised in relation to housing leases that are raising so much interest among investors have been analyzed.

Concepts such as the "Large Tenant" or "Stressed Residential Market Zone", on which the new law is based, and which are arousing great concern among investors, have been the subject of study. The talk also focused on analyzing the ceilings on the updating of rents to the IPC, and the limits on the rental price that will apply to housing contracts entered into after the publication of the Law.

Another aspect dealt with was the new regime of extensions provided for in the law, which implies a modification of the Urban Leases Law in this matter. In fiscal matters, the measures applicable in the Personal Income Tax to the leases of real estate used for housing entered into as from the entry into force of the law were discussed, as well as the surcharges in the Real Estate Tax that will apply to those dwellings considered as "unoccupied".  

Finally, in procedural matters, the novelties that will govern the taking of possession and foreclosures were synthetically defined. Specifically, the new requirements applicable to the actor who is a Large Tenant in order to be able to request a seizure of possession, and also the role that the public administrations will have in matters of evictions of squatted houses when the property is occupied by dependent persons, victims of violence against women or minors.

The talk was livened up by the questions of the investors, who actively participated, and which led to an interesting debate on the scenario that arises in the medium term in relation to housing leases.