Understanding Expat Rentals

Expat rentals (monthly rentals) combine the advantages of traditional long-term rental with short-term holiday rentals benefits. Monthly rentals refer to leasing a furnished apartment, flat, or house to expats, companies, or business travelers, for a short period, from 1 month to a maximum of 11 months.

By renting your property to business travelers and companies with Globexs, there is no non-payment risk due to the tenant profile. You, as the landlord, keep control over your house, deciding the dates you want to rent your property.

At Globexs we take care of the entire rental process. We filter the client’s profile and we manage the rental contract, drawn up by our legal department. You will get worldwide visibility through the Globexs website and our partners by listing your property with us.

High profitability

The monthly rent is higher than traditional rent and there is not seasonality as with the holiday rental.

Global visibility

Globexs operates internationally and is the industry reference for medium-term rental.

Rental contract management

We work with our contracts, drawn up by our legal department. Therefore, you do not need to worry about this.

No exclusivity

Globexs does not ask for exclusivity. You can still rent out your property via other platforms.

No visits

We have photos and videos of each property, so you don’t have to show anyone around. Should this be a requirement, the visits will be arranged by a Globexs agent.

Set your own rules

Anyone renting through Globexs agrees to basic house rules. However, if you have a special request we will always pass this on to the tenants.

Expats are foreigners who move abroad for professional reasons, for a certain period of time: Project Managers, workers, professional athletes, digital nomads, film crews,… Their official address remains in their home country. So they will not registered at the apartment.

The profile of a typical Globexs tenants varies depending on the location:

• In Spain many of our tenants are digital nomads or remote workers. Almost all our tenants are professionals with a higher than average accommodation budget. They travel alone or with a partner, and almost never with children.
• In Belgium and Holland many of our tenants are workers or project managers working for a company, or professional football / basketball players.

The minimum stay in a Globexs apartment is 1 month. In some destinations such as Brussels this is 3 months. Owners can always impose a minimum stay.

The maximum length of stay is 11 months. Tenants may not register at the address of the property under no circumstances. Should there be a specific request for this, it must always be approved by the owner.

Depending on the location the average duration varies. In Spain the average duration is 3,5 – 4 months. In Belgium the average duration is a bit longer.

In order to ensure a high quality service for the benefit of the tenant, the owner guarantees the correct fulfillment of the following obligations in relation to the rented property:

Obligations of the owner before the first rental

• The owner must ensure that the rented house is sufficiently furnished and equipped with the necessary household items for the number of people the house is intended for.
• All appliances must be in good condition and fully functional. There must be a refrigerator with enough space for the number of people the house is intended for.
• Beds must be in good condition and clean (including mattresses and bedding).
• The house must be delivered impeccable, completely clean and in good condition, as well as free of personal belongings. Cleaning products, shampoo and toilet paper are provided.

Obligations of the owner at all times

• The owner must ensure that public services (electricity and/or gas, water), Wi-Fi and television distribution are connected and operational throughout the rental period.
• If during the rental period there are interruptions in the supply of Wi-Fi, electricity, gas or water, the owner is obliged to solve this situation immediately and/or return to the tenant a proportional part of the rental price for the number of days without supplies, as compensation for the inconvenience suffered.
• If the interruption is so serious that the tenant suffers a serious loss of enjoyment and the house cannot be used for the purposes for which it is intended, the rental contract will be terminated immediately without the owner being able to make any claim and/or compensation.
• The owner is responsible for check-in and handing over the keys. Globexs will coordinate the communication between the owner and the renter before check-in.