There are several benefits to renting out a property in Lisbon. As well as providing you with a steady stream of income, it can also allow you to benefit from long-term capital growth. And that’s not all; renting out a property can give you security should your circumstances change in the future.
While all of this sounds great, there are some downsides to renting out a property. For example, landlords are expected to maintain their rental properties, meaning you will have to cover maintenance costs. As well as this, you will have to pay more stamp duty if you have more than one property.
Another downside of owning a rental property is that you must understand your tenants' rights. This includes things like what the minimum contract term is and whether you need the contract to be in writing. As well as this, you must understand how to give your tenants notice should you wish to regain control of your property.
If you’re a landlord in Lisbon, and you want to know how to give your tenants notice, then keep reading below.