Rental expenses: who pays what?

One of the points that causes the most friction in a rental is who pays each expense. The law leaves room to agree, but there is a usual split worth reflecting in the contract.

What the landlord usually pays

• IBI (property tax) and levies tied to ownership.
• Homeowners' association fees (unless agreed otherwise).
• Building insurance (the structure/home).
• Repairs needed to keep the home habitable.

What the tenant usually pays

• Individually metered utilities: electricity, water, gas, internet.
• Minor fixes arising from ordinary use.
• Contents insurance (their belongings), if they wish.

What can be agreed

Some expenses (such as passing on part of the association fees or certain levies) can be agreed, as long as it is stated clearly and in writing in the contract. What is not written down cannot be demanded later.

The key: put it in writing and make it add up

Define the split in the contract and keep the receipts for each expense passed on. Keeping properties and their associated expenses organized lets you know the real profitability of each rental at a glance and avoid arguments.

Informational content; it does not constitute legal or tax advice.