Pedras D'El Rei - Modernized T1 Apartment

*** Please read carefully before contacting. ***

*** I accept real estate mediation, but I will not sign mediation contracts. The commission must be paid directly by the qualified client to the mediator. ***

General notes

The property is in the final stages of renovation, with only a few details remaining. It is expected to be fully completed during the month of February.

The advertisement is published now to find tenants who are flexible regarding the start date of the contract and who meet the conditions below.

I only have the photos included in the advertisement, as I do not reside in Portugal and am managing the process remotely.

Contract type and usage

I am looking for tenants available for an annual contract with automatic renewals, with a preference for those who can credibly demonstrate an intention to stay for more than 12 months.

The property is intended for the permanent private residence of the tenants. Subletting is not permitted, regardless of the purpose.

Apartment description

Fully modernized T1 apartment, located in the Aldeamento de Pedras D'El Rei, next to the fishing village of Santa Luzia and Praia do Barril, a few minutes' drive from Tavira.

The kitchen is fully equipped with a built-in refrigerator, high-efficiency extractor hood, and a Bosch Serie 8 oven-microwave and ceramic hob.

The bathroom has been designed to allow for the installation of washing and drying machines, or for a washing machine and the installation of a storage unit above.

The property has new A+ class PVC windows and a Dierre security door with high thermal efficiency.

It is equipped with A+ class air conditioning in the most used areas, and hot water is provided by a water heater installed in the entrance hall.

Lease conditions

To ensure a transparent and swift process, the following requirements are requested:

1) Tenants with a Work Contract in Portugal: the rent should not exceed 50% of the household's effort rate.

Necessary documents

- Last three payslips;

- Declaration from the employer indicating the type of contract, length of service, gross salary, and contact for verification;

- Latest available IRS declaration and liquidation note;

- Certificates of no debt to Social Security and Finance;

- Declaration from the Credit Responsibilities Center of the Bank of Portugal.

Payment Guarantees

- With guarantor: deposit of €1,900 and advance rent of €1,900;

- Without guarantor: conditions to be discussed individually.

2) Tenants with Other Sources of Income or Undeclared Income in Portugal: tenants who can prove financial capacity to meet rent payments are accepted.

Payment Guarantees

- Conditions to be discussed individually.