The new entity will act as an intermediary between owners and tenants. The main goal is to offer legal security and guarantees to landlords, while facilitating access to properties at prices 20% below the current market rate.
The collaboration agreement was signed by the municipal company AUMSA, the Official College of Real Estate Agents of Valencia (COAPIV), and the Association of Real Estate Professionals of Valencia (APIVA). According to the council, this tool aims to avoid complex processes and streamline rental management.
Owners who decide to hand over the management of their property will sign a 7-year contract. In return, AUMSA will assume rent payments during the first week of each month and will handle maintenance and minor repairs for the property.
To identify available housing, the council analyzed water consumption in the city. This analysis revealed a significant number of apartments with no recorded consumption, indicating a larger stock of empty homes than previously perceived.
