| Landlords Beware |
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Should the landlord be willing to sell the property during the life of the rental contract, the tenant shall have what is called “derecho de adquisición preferente” or “derecho de tanteo”, according to the provision 25 of the afore-mentioned Act. Should the landlord fail to make this offer, or if the property is later sold at a lower price than the one offered to the tenant, the tenant can within one month of completion, by means of exercising his right, bring an action in a civil Court so the Judge will make an order stating the sale is annulled and the tenant can purchase the property for the price declared in the purchase Deed. The tenant would be able to renounce “a los derechos de tanteo y retracto” only for rental contracts which exceed 5 years period. Anyone who buys an occupied property must be aware that he acquires the rights and obligations of the vendor under the rental contract. Therefore, not until the rental contract terminates (5 years) can the new owner rent to a different tenant or sell the property nor can he rescind the contract with the sitting tenant. Ana San Miguel is a Lawyer at De Cotta McKenna y Santafé, a law firm specialising in dealing with all aspects of Spanish Law for English speaking clients. The Nerja office is at: Calle Diputación 6, 2A Tel: 952 52 70 14 Email:
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