Tag Archives: lets

Hybrid “AL” lets – Q & A

20 Thursday Aug 2020

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Question:  I have only been able to let my local lodging unit during the high season. There is now a potential tenant who wishes to rent the apartment from October to May. Can I do this by concluding a contract for the period and then move forward with weekly or biweekly lets in the summer season?

Yes, such a hybrid solution is possible. You will need a rental contract, defining the duration of the agreement as well as delimit any other conditions. In essence, this arrangement is compatible with your proposed summer “AL” activity. However, you will not be able to deduct expenses as you would with a conventional long-term lease.

Local quotas proposed for short-term holiday lets

21 Thursday Jun 2018

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Upcoming legislation, designed to regulate Local Lodging, is likely to include measures intended to counteract the “Disneyfication” of historic city centres. According to the current Socialist Party proposals, the imposition of quotas on a selective basis is “an admissible model” that should give a “relevant role to municipalities”. Since 2012, “AL” registrations have skyrocketed nationally from 7,533 to 58,252, a more than 7-fold jump. The increase in Lisbon during this period has been over 400%, primarily in the historic neighbourhoods.

Government considering tax initiatives for long-term lets

08 Saturday Jul 2017

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To promote the languishing traditional letting, the Government is studying fiscal incentives for landlords who choose to enter into up to 10 year lease contracts with their tenants. One of measure under consideration is to reduce the 28% rate currently applied, as revealed in the “Jornal de Negócios”.