By Tony Winterburn • 13 January 2021 • 23:49
Savings can be made on apartments needing work in Spain, but not in every area.
Barcelona Court Rules For 50% Rent Cut On 26 Tourist Apartments Due To Covid Restrictions.
A local court in Barcelona has ruled that a company renting 26 tourist apartments in the city should allow a 50% rent reduction, even after the coronavirus pandemic and subsequent mobility restrictions shattered its profits.
The company, Venpre SL, reported an 82.7% fall in earnings from the leased flats, mirroring the dramatic collapse of the tourism industry in Catalonia and across Spain since the first statewide lockdown came into force on March 15, 2020.
Attracting over 12 million visitors every year, the number of foreign tourists arriving in Barcelona fell by more than 80% since March, costing the Catalan economy around 25 billion euros, a GDP reduction between 1.5 and 2.9%, and the loss of approximately 90,000 jobs.
The renter repeatedly asked the landowner for substantial discounts on the 40,877 euros owed every month to lease the apartments, the contract of which states they can only be used for tourism-related activities. The landowner declined all requests, suggesting a moratorium instead. Venpre SL took the apartment holder to court on July 1, and this week the judge ruled in favour of the requested 50% rent reduction.
‘Unpredictable change in circumstances’
The ruling acknowledged that there had been “an unpredictable change in circumstances” from when the rental agreement was reached that should affect the fees paid by the renter. The discount will have retroactive effects, applying to the period from April 1, 2020, to Marcy 31, 2021. The landlord still has time to appeal the decision.
Thank you for taking the time to read this news article “Barcelona Court Rules For 50% Rent Cut On 26 Tourist Apartments Due To Covid Restrictions”. For more UK daily news, Spanish daily news and Global news stories, visit the Euro Weekly News home page.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our
Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
Your email address will not be published. Required fields are marked *
Downlaod our media pack in either English or Spanish.