Hybrid lets
Question: I have a local lodging unit that I have only been able to let during the high season. Now I have a potential tenant who wishes to rent the apartment for this eight-month period, from October to May. Can I do this by concluding a contract for the period and then move forward with weekly and biweekly lets in the summer?
Yes, such a hybrid solution is possible. You will need to make a rental contract, defining the duration of the agreement as well as delimit 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.
Coming to a close…
Since NALLE started to offer its services in February 2015, the Local Lodging industry has undergone profound changes. A small business sector which started out with 15.000 units, has grown to be a real competition to the hotel industry in Portugal.
In 2015, there was a real lack of access to information in regards to the rules and regulations. Nowadays, the information on how to open and run such a business can be easily found online. ALEP, our Portuguese counterpart, is doing a good job in terms of information and workshops to enable owners to run their business successfully and in compliance with the law.
NALLE can now be considered to be an additional information service, adding on to many others, and we feel that we are not essential to the market. Also, we have not been able to attract enough members over the years to cover our running costs.
We have therefore decided that we are going to provide the service until the end of 2019, and to discontinue our work from then on.
