I have inherited an apartment in Madrid that is rented and I want to sell it as soon as possible. How much notice do I have to give the tenants?
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A person has inherited an apartment in Madrid, which is currently rented until July 30, 2027. They plan to sell the apartment at the end of the contract, or possibly earlier. Under current legislation, if the owner wants to sell before the contract ends, they must notify the tenant at least 30 days in advance, and the tenant has the right to purchase the apartment on the same terms as any third-party buyer.
If the tenant is not given the opportunity to purchase, or if the sale is made on different terms, the tenant may exercise a right of retracto within 30 days. If the owner waits until the contract expires, the sale can be made without these restrictions.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
