Frequently Asked Questions
(FAQ)
The rental advance allows owners to receive the money corresponding to future monthly rent payments in advance. It is especially useful for those landlords who want to keep their credit history clean or who cannot access conventional liquidity.
Obtain liquidity to carry out a renovation, acquire new properties or for any unforeseen event or emergency
No amount limit: Landlords can advance any amount, regardless of the rental amount.
Reduction of the risk of non-payment: The rental advance provider takes care of collections, possible non-payments and the management of new tenants.
Extra capital for unforeseen events: Provides additional liquidity in case of emergencies.
No additional collateral required: Aside from the lease, there is no need to provide additional collateral
Carelessness in leasing.
ADELANTO ALQUILER S.L facilitates advances on rental income and acts as an intermediary between users who request it on the website and institutions, investment funds, private banking, private capital, or individuals.
We act as intermediaries, collecting necessary information from users to carry out the transfer of income or rental rights in exchange for partial or total advances of said income. It is important to note that Adelanto Rent S.L does not offer financial advisory services, but rather acts only as a facilitator in the rent advance process.
The tenant is not directly involved in the rent advance process.
Fill out the owner form and a specialized agent will contact you as soon as possible and request the necessary documentation and once the information is received, you will receive the money in your bank account within 24/48 hours.
The company evaluates the request and determines how many monthly rent payments can be advanced (until the end of the current contract or up to 60 months).
In order to request an advance on rental income, ADELANTOALQUILER carries out a study of your rental contract and the solvency of the tenant who rents your property.
This must present their latest payslips or their employment contract with a duration of more than one year. In the case of being self-employed, you will have to show the annual income tax return, registration as self-employed and certificate of being up to date with social security.
Verification of the tenant’s rent payment for the time they have been living in the property, that payments are made before the 5th of each month.
When assessing the risk of non-payment of rent, as a rule, a tenant will not pass the test if his monthly payment is equal to or greater than 40% of his monthly income.
In the event that he is a new tenant, he will have to have non-payment insurance that the tenant can provide or ADELANTOALQUILER will be in charge of hiring it, deducting the amount of the insurance from the landlord.
Be up to date on the mortgage payment if the property has one.
Home insurance contribution
Contribution of updated simple note
Identity verification (Photo of the ID on both sides and a selfie to verify ownership of the property)
Certificate of ownership of the account where the advance is received.
D.N.I of tenants (email and telephone)
Proof of payment of the last 6 rents, if applicable, proof of insurance payment, proof of mortgage payment (if applicable), certificate of being up to date with social security, last I.B.I paid.
No, once you have provided the necessary documentation within 24/48 hours, you will have the advance in your bank account.
Non-payment of rent insurance when the property is rented and has not been contracted will not be required, if the tenant meets the requirements and has been in the property for more than 12 months, it will be required for new tenants and will be paid by the landlord or deducted from the advancement.
Home insurance if the owner has it and if he did not have it, ADELANTOALQUILER would take out it and it would be discounted to the owner.
No, Advance Rental S.L. will take care of that.
The landlord as they have been doing until now
Yes, you can sell your property at any time, as it remains your property. However, as with mortgages, you will have to pay an early repayment fee if you decide to sell the home before the end of the agreed period for advance rent.
In the event that you wish to sell the property during the first year, the penalty will imply the payment of the entire amount of the expected rent for the first year, regardless of the month in which the sale is made, plus 15% of the outstanding amount for amortize. This is because the costs associated with entering into the advance agreement (such as non-payment insurance and other operating expenses) are higher during the first year.
If you choose to sell the property after the second year of receiving the advance, you must repay the outstanding amount of the advance plus a 15% penalty on said amount. This condition is designed to cover the proportionate portion of the advance that has not yet been “consumed” or amortized.
Therefore, we recommend considering the rental advance service if you intend to hold the property for at least one year after signing the agreement, to optimize the benefits of this service and minimize potential penalties.
Yes, you can request a rent advance from Rent Advance S.l., even if you have a mortgage on the property for which you want to request the advance. 65% of properties in Spain are mortgaged.
In fact, many of our clients request an advance on their future rental income to purchase new properties without having to request a new mortgage and thus increase their assets and monthly income. Without increasing your CIRBE.
One of the great advantages of this approach is that, since it is not a loan, it will not affect your credit effort ratio. This is especially beneficial when you plan to purchase another asset, as banks consider this ratio (calculated as your net income minus any existing loans) to determine your borrowing capacity.
It is important to remember that, even if we advance your rent, you must continue paying the mortgage payments on your property. During the advance period, we are interested in staying informed about how you manage these payments. As in other circumstances, we seek to avoid any situation that could lead to a foreclosure on the property, as this would affect the rental rights we have acquired.
Yes, this is one of the most notable advantages of our service. It does not matter if you have loans or mortgages with unpaid installments, pending IBI, or any other unmet financial obligation.
The main condition is that these overdue debts are not directly linked to the property for which you wish to receive the income advance. In such case, we will provide you with the full advance without restrictions.
However, if the overdue debts are associated with the same home whose rent you wish to advance, it is still possible to proceed with the advance. But, it will be necessary for our legal team to carry out a more detailed analysis of the situation. Depending on the case, we could offer you the full advance, request that a portion be used to settle outstanding debts, or even intervene legally if the debt execution process has advanced significantly.
Our goal is to provide flexible solutions and adapt to the needs of our clients. However, it is crucial to avoid situations where a debt claim is executed on the property, as this could result in the loss of the rental rights acquired by us, affecting our investment and the agreed value of the advance.
If possible. Although the rent advance service is activated when you have a tenant occupying your property, we offer prior assistance to facilitate this process. A free solvency study of potential tenants is carried out for you.
This allows you to get pre-approved for the advance before entering into the lease, ensuring that you will be eligible to receive the advance once the lease becomes effective.
Additionally, if you prefer to delegate the search and selection of tenants to professionals, we can put you in contact with our associates with whom we collaborate. These delegations are familiar with our processes and can handle the entire procedure on your behalf, further simplifying access to income advances without incurring complications.
No, with Adelantorental, you are not requesting any type of loan or assuming any risk. We advance the rental income that is yours, that you are collecting and will collect in the next 5 years. This option is available, even if you appear in debtor registries such as CIRBE, ASNEF, EQUIFAX or any other delinquency list.
With advance rent you will not have to pay monthly payments of anything. The rental advance is complete for you and to be used according to your needs or desires. You can use the money to settle debts, create a new project, buy a vehicle, carry out a renovation where you need it, acquire a new property without a mortgage, for your children’s studies, for an emergency or anything you want since this money It is yours, it is simply an advance of your future rental income.
The term to request a rental advance ranges from a minimum of 1 year to a maximum of 5 years. The period that suits your needs.
The amount will depend directly on the income generated by your property/s.
Our company is specialized in long-term rentals, our goal is to offer you economic security, and not have worries during the period contracted with us.
However, we study all cases since we understand that in many cases, homes rented by rooms or vacation rentals have a strong impact on our society and we want to provide solutions to all the cases that are presented to us.
If the tenant stops paying, you don’t have to worry about anything, your rental advance is yours and you won’t have to return anything at all. Adelanto Rental S.L assumes all risks that may arise during the duration of the contract with our company.
We will take all necessary legal actions to recover the amount that is not paid to us and evict the delinquent tenant so that your property can begin to generate income.
Nothing, if the tenant decides to leave, or the contract was for 1 year and the contract with advance rent S.l. is 5 years, nothing happens, you already have the money in advance that you will not have to return, it is yours, advance rent is taken care of to find another tenant, once all our requirements have been passed by our company, who is serious and safe for you and for us.
So that we have guarantees, we filter all possible tenants and study in detail their payment capacity and working life, with the non-payment insurance standard. In addition, it will be subrogated to the same lease contract of the previous tenant with the same conditions.
We take care of everything so that you have a tenant who has the same obligations and rights as the previous one and has the same guarantees, until after our contractual relationship ends.
Adelantorental S.l. manages the charges placed, it is our company that receives them and that the tenant is responsible and takes care of the home as he was doing.
In the event of non-payments, we initiate legal action to resolve the situation. Furthermore, all legal expenses are borne by us, and therefore your property and interests are ours and are protected.
Adelanto rental S.l. we manage with your home insurance all possible necessary repairs that the property may have, which is why it is an essential requirement to be able to cover possible eventualities.
For repairs or maintenance not covered by insurance, the responsibility for the expense depends on the cause: if it is due to misuse by the tenant, they will be responsible; If it is due to natural wear and tear or it is an essential element for the home (such as an old boiler that breaks down due to the natural passage of time), then it will be up to the owner.
We are governed by the horizontal property law to determine liability. In each case, an investigation is carried out with professionals to establish the nature of the problem.
If it is determined that the repair should be covered by you as the owner, we will inform you in detail, so that you can make the corresponding decision and can choose the replacement product or service provider if you wish.
Adelanto Rental S.L offers this service for any type of real estate property, whether it is a home, premises, offices, building, garages, shopping centers and even a rural property with an agricultural operation, which is rented or you plan to rent it. We study all cases.
