Before starting this activity, it is important to know the rules, the required permits and the fiscal responsibilities involved. During a visit to the Las Palmas Tourism Office, I looked for information about this and want to share with you what I found out.

First, you can sublet a property to tourists if you are the tenant and have a regular lease. However, it is essential to obtain permission from the property owner to carry out this activity. Make sure that the authorization is included in the lease or in an Anexo thereof.

Per second thing you have to apply for the Vivienda Vacaciònal License. Don’t know what it is? Don’t know where to apply for it? Click on the link

When it comes to taxes, tax responsibilities vary depending on the type of rental. If you are subletting the property to tourists for short periods, the taxes on the income will be your responsibility as the tenant holding the license. On the other hand, if the rental is long-term (broad or medium temporada), the payment of taxes will be the responsibility of the property owner. Click on the link and find out the taxes you will have to pay in case of Introiti from short rent in Gran Canaria (Mod.030-400-210-420-425)

Although it sounds like a simple solution, in reality it can be difficult to find owners willing to allow this type of activity within their properties. They often prefer to avoid potential problems and would not reap additional financial benefits.

If you really want to invest in the short-term rental business, it may be worthwhile to purchase a property specifically dedicated to this activity. This way, you can run it profitably and legally, enjoying total freedom without having to account to third parties.

Investing in short-term rentals can be a lucrative opportunity, but it is essential to be informed about the local regulations, permits, and tax responsibilities involved. Before taking any action, be sure to consult the appropriate authorities and obtain the necessary permits to avoid future legal problems.