Lisbon Residential Rental Property Management
The property management that you will love!
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Property Management in Lisbon
If long/medium-term rental investment in Lisbon is nowadays very popular, it is because there are many advantages.
Firstly, it is a reassuring activity for landlords and a way to build up assets in Portugal, in a country that still offers a real quality of life.
But you also need to think about the rental management of your flat or your house, before placing your property on the market.
If this is the preferred investment for many people, no one wants to struggle to collect their rent! This can quickly become complex and time-consuming, which can affect the profitability of your investment.
Many landlords therefore choose to have their property managed by a qualified estate agent or a real estate agency.
An optimised property management is a property that can generate more income. And it’s even better if you have nothing to manage!
A property management service in Lisbon tailored to your exact requirements
Our rental management team will make your real estate investment in Portugal profitable by setting up optimized rents and reliable tenants.
We combine real estate expertise with the best technological tools to maximize the return on your investment and your real estate assets.
We analyze each application to propose the best candidates to rent your property.
We carry out a rigorous control of the tenant’s application (verification of the documents provided and solvency study by examining the stability of the job, level of income in correlation with the tax statement, request for a solvent guarantor if required).
We write the rental contracts, for residential and for furnished properties, according to the current legislation.
We establish an exhaustive inventory at the beginning of the rental period and the end of the rental period. To preserve your property, we pay particular attention to its drafting. Strictly representative of reality, it is established in a contradictory way with the incoming or outgoing tenant.
WITH TAGUS PROPERTY, YOUR PROPERTY IS IN GOOD HANDS
The real estate investment you have made is the result of a long reflection and important financial efforts. As you know, renting a property is more than ever an act that requires time, availability, attention and real regulatory and technical knowledge. Tagus Property offers you, the landlord, a complete range of personalised services with clear commitments.
We manage your property in Portugal from A to Z – stress free
RENTING YOUR PROPERTY
We offer 1 unique rental option for future tenants :
- Classic rental contract: minimum 1 year renewable for 3 years
We always seek to maximize the return on our clients’ real estate investment, which is why we study the potential of each property in order to properly prepare it before putting it on the market.
Good preparation will increase your rental income and minimize the periods during which your property is empty and without rental income.
Here are the key phases:
PREPARATION
- Collect the administrative and technical documents of the property (administrative documents required for the preparation of the rental agreement)
- Signature of the rental management agreement
- Fair estimate of the rental price
- Advice and preparation of your property in order to enhance its value
- Shooting of professional photos to enhance your property
- 360° virtual visit
Depending on the level, the condition of the property and the expected target, we can assist you with refurbishment, painting, small repairs, home staging, interior decoration, furnishing and equipment…
COMMUNICATION
Effective communication tools
- We implement a wide range of communication actions intended to facilitate the promotion and renting of your property.
- We submit your property to our database of prospects / tenants before publication online.
- We write and publish the ad on our website and on the main media in Portugal.
- Outdoor advertising on your property if it makes sense.
VIEWINGS
We carry out the viewings of the property in person in order to meet the candidates.
- Making appointments, telephone calls and arranging viewings
- Suggesting candidates based on your criteria, including providing supporting documents for the candidates
SELECTION OF APPLICANTS
- We carry out an exhaustive analysis of the applications to qualify the potential tenants (stability, solvency)
- Assistance in the selection of the most serious candidate tenant
ADMINISTRATIVE MANAGEMENT
We handle the administrative management of your property
- Drafting of all the necessary documents ( rental lease, inventory of condition, letters to the administration of the condominium)
- Registration of the rental agreement with the Portuguese tax authorities
- Management of all procedures in case of claims or litigation**
OPERATIONAL MANAGEMENT
General management
- Key management
- Control of the suppliers’ contracts (water, gas, electricity, internet, telephone) before handing over the keys
- Control of the multi-risk home insurance (owner)
- Inventory of condition of the property with photos, and assistance during the installation of the tenants
- Handover of the keys
Technical management of your property
- Repair quotes
- Management of routine maintenance work**
Follow up of with the tenant
- Follow-up of the relationship with the tenant
- Assistance and help in resolving potential problems
- Communication of due notices to the tenant
- Management of your tenant’s departure, application of the notice period
- Exit inventory of condition and reporting, assistance during the exit of the tenants and exit settlement
Reports and updates
- Regular reports and informative watch
- Management reports, major events, legislative and tax changes
FINANCIAL MANAGEMENT
- Setting up of the rental agreement (conditions, duration, amount of rent, amount of the deposit, number of first rents, guarantor…)
- Monitoring of rent payments and reminders according to your request
- Issuing and sending of rent receipts
- Sending reminders in case of non-payment
- Contact with a law firm and legal follow-up in case of unpaid rent or litigation
- Annual indexation of the rent
- Contact with an accounting firm for the mandatory annual tax declaration
- Declaration of tenant changes to the tax authorities
CONDOMINIUM
- Representation at condominium meetings (1 per year)**
- Act as an intermediary between the condominium and the owner
- Verification of the payments of the condominium charges
TAILOR-MADE SERVICES
Additional services:
- Home staging
- Cleaning and maintenance service
- Other services on request
FAIR FEES
| FEE STRUCTURE | SEARCH FOR TENANTS |
| Long term rental | 1,5 month’s rent + VAT* for each change of tenant |
| FEE STRUCTURE | LONG-TERM RENTAL MANAGEMENT (1 YEAR AND MORE) |
| Rental amount < 1000€ | 100€ + VAT* / month |
| Rental amount between 1001€ and 1500€ | 10% of the rental amount + VAT* / month |
| Rental amount between 1501€ and 2500€ | 8,5% of the rental amount + VAT* / month |
| Rental amount between 2501€ and 3500€ | 220€ + VAT* / month |
| Rental amount > 3501€ | 270€ + VAT* / month |
*Legal VAT of 23%
Contact us to benefit from our tailor-made fees!
We combine real estate expertise with the best technological tools to optimize your real estate assets.
CHOOSE A TAGUS PROPERTY ADMINISTRATOR
We assist you with the rental management of your property in Portugal!
Our real estate experts are at your disposal to learn more about your project and advise you.
Our agent visits your apartment and makes a 360° report. We then evaluate with you the optimal rent amount.
You sign the management agreement, in a few clicks and in a secure manner. No commitment.
YOU WANT TO HAVE YOUR PROPERTY MANAGED IN LISBON?
Fill in the form below and TAGUS PROPERTY team will contact you in order to assist you in the rental management of your house / apartment in Portugal.
OUR ANSWERS TO YOUR QUESTIONS
Are you a real estate agency?
Yes! TAGUS PROPERTY is a real estate agency in Portugal based in Lisbon and offers services for rental management. We have a license (AMI 13266) and professional insurance required to practice the profession of real estate agency in Portugal.
How long am I committed to TAGUS PROPERTY?
The term of the contract is 1 year (renewable) with a prior notice of 90 days before the renewal date for its termination.
Do I have to advance any fees?
No! You pay nothing until your property is rented.
I am already engaged with a real estate agency. How can I change to Tagus Property?
You can terminate your management agreement at its renewal date. We are at your disposal to study your agreement and to indicate you the procedure to follow.
What are the taxes related to property rental in Portugal?
When you put a property on the rental market, you have a number of tax obligations.
Here is a list of the main taxes to be paid:
- Stamp tax : or 10% of the amount of the rent for each new contract registered at the tax office.
- Municipal property tax (IMI): this municipal tax depends on the rates set by the city councils and is based on the property’s tributary value.
- IRS: Personal income tax on amounts received from rentals. The tax rate varies according to the duration of the rental contract. It generally varies between 10% (contracts equal or superior to 20 years) and 28% (for contracts inferior to 2 years). It also depends on your overall incomes in Portugal.
If I am a non-resident in Portugal, what are the taxes on rental income?
Taxes are the same as for residents.
If I am an NHR holder in Portugal, what are the taxes on the rental income?
The tax rate is a flat rate of 20% for N.H.R. recipients.
What expenses are tax deductible?
- Issuance of the Energy Certificate / DPE
- Interior painting (before signing the lease)
- Fire insurance (not home insurance)
- I.M.I (Property Taxes)
- Condominium costs
- Invoices for repair/replacement of existing interior doors, windows, kitchen furniture, water heater repair only, already in the property
- Agency fees (for renting the property)
See official list on the Portuguese tax website
