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Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
Non-resident property owners are required to make a tax declaration for each quarter in which they have earned rental income. “Impuesto Sobre la Renta de no Residentes” is a tax on rental income for non-resident landlords in Spain. For the tax year 2020, the tax rate is 19% for residents of the EU, Norway and Iceland.
The time use of a chattel or other so called "personal property" is covered under general contract law, but the term lease also nowadays extends to long term rental contracts of more expensive non-Real properties such as automobiles, boats, planes, office equipment and so forth. The distinction in that case is long term versus short term rentals.
There was a housing crisis in Los Angeles County long before fire swept across the Pacific Palisades, Altadena and parts of the San Fernando Valley, turning thousands into newly homeless people.
Calpe on the Costa Blanca. The Costa Blanca (Valencian: [ˈkɔsta ˈβlaŋka], also [ˈkɔstɔ ˈβlaŋka]; Spanish: [ˈkosta ˈβlaŋka], literally meaning "White Coast") is over 200 kilometres (120 mi) of Mediterranean coastline in the Alicante province, on the southeastern coast of Spain.
British migration to Spain has resulted in Spain being home to one of the largest British-born populations outside the United Kingdom in the world, and the largest in Europe. Migration from the UK to Spain has increased rapidly since the late 1990s and the registered population of British nationals in Spain in 2014 was 297,229 (2014).
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