PNAG

What is PNAG?

The PNAG Rental Guarantee is a government provided contract which is signed alongside the rental contract, to guarantee both parties (owner & tenant) that all legal rights and all terms outlined in the rental contract, such as:

  • Non-payment of rent
  • Non-payment of utility and other bills
  • Damage caused to the property and/or it's contents
  • Immediate recovery of the property in case of breach of contract
  • Unauthorized building work carried out in the property
  • Unauthorized sub-rental of the property by the tenant.

are being adhered to, without the need for a lawyer, and eliminating all legal expenses.

What's the cost?

The PNAG Rental Guarantee has a one off price for each agreement (approx 65€).

The only additional costs are responsibility of the guilty party found in the arbitral sentence and are 90€ for expenses, and 55€ for administrative notifications.

 

Rental Guarantee

WHAT IS THE GUARANTEE OF RENT?

The Rental Guarantee is the only official form Guaranteed Rental Plan (PNAG) in The Court of Arbitration. Attached to any lease (house, room, building, etc..) Between individuals or corporations, for the duration of the contract, guaranteeing the citizen who, if any conflict arises between tenant and landlord, it judging will be resolved in an efficient and agile, and with all the strength that carries a sentence of the firm and enforceable.

The form of the rental guarantee can be incorporated into the lease at any time during its duration as well as retroactive and does not prescribe. The Rental Guarantee is recognized by various institutions nationally and internationally, as the Bank of Spain proposed the alternative arbitration and Rental Guarantee Arbitration Court as one of the most effective measures to significantly reduce the time to execute a eviction while the International Monetary Fund has supported those initiatives specifically for this character and for improving the efficiency and transparency of the property market in Spain.

Through our institutional commitment to quality, it manages to avoid the damage caused by delays in the justice system. With our commitment to quality, each case is tried within 30 days, counting from its inception until sentencing, and if it is delayed one day, the Court of Arbitration responsible advancing the amounts claimed to the plaintiff, getting calm and confidence in the system.

HOW DOES IT WORK?

Simply attach the form Rental Guarantee to lease more like a simple procedure. If any problems arise during the lease (eg non-payment of rents) and any party wants to enforce their rights (including the recovery of the property), only has to deal with the complaint without requiring the intervention of a solicitor and barrister and without having to pay any additional amount.

       

Two bedroom Villa

Two bedroom Villa
Beds:2
Baths:3

Price: (€)285,000

More Info
Independent villa that has been totally reformed throughout with quality materials including parquet flooring/stairs, doors, bathroom fittings etc. The property comprises of driveway for 2 cars and large terraces to 3 sides. The ground floor has open plan lounge/diner/kitchen (the buyer must install a kitchen) with patio doors leading onto the front terrace. To the rear of the property is a double bedroom with fitted wardrobes and en-suite bathroom. There is also a separate guest w.c. with shower. Upstairs is the second double bedroom, again with fitted wardrobes and en-suite bathroom. From here there is access to a second terrace with iron stairs leading up to the 3rd terrace on the roof. From both upstairs terraces there are lovely sea and mountain views. This is a stunning property and needs to be viewed to be appreciated and for those who want to live in a quiet area but not be too far from the town, this is it.

Two bedroom apartment

Two bedroom apartment
Beds:2
Baths:2

Price: (€)265,000

More Info
This fabulous apartment is in the exclusive urbanization of Mediterra, where you will find 3 cascading infinity swimming pools as well as a communal gym. The apartment comprises large lounge/diner with patio doors leading onto a good-sized terrace. The kitchen is fully fitted and has all the mod cons. The master bedroom has a king-size bed and 2 sets of double fitted wardrobes. There are patio doors leading onto the terrace and also a large en-suite bathroom with big Jacuzzi bath and separate shower. Down the hall is the second bedroom with two single beds and also a family shower room and utility room. The apartment benefits aircon throughout and parking.
  Rent with us     maintenance packages  
Homeowners

Do you own a property that is sitting empty or being used as the occasional holiday home?

Are you struggling to sell your property and want to earn a regular Income?

read more....

 

Maintenance Packages.

We at Rentals Benalmadena can offer property owners a Management Package that will give them peace of mind that their property is being taken care of in their absence.

Whether renting out or using the property as a holiday home, we can take care of all aspects of Property Management.

read more....