My rental contract with Excel has ended – what fees should I pay?

My rental contract with Excel has ended – what fees should I pay?

Many contracts with Excel Hotels & Resorts SL in Beverly Hills Club are coming to an end. Either because they are expiring, or because the apartment owners have successfully evicted Excel through the courts. Apartment owners however have been surprised to find large sums owed to the hotel, when the hotel had been promising that they would pay these costs on the owner´s behalf. Hence many owners are asking us the question: “My rental contract has ended – what fees and expenses do I have to pay?”

Going forward once the contract has ended

Apartment owners are responsible for paying the community fees, IBI (council tax), water, electricity, rubbish collection (included in the community fees), and internet (if they want to have it).

Currently these items appear on the statement issued by Excel.

However, if you notice that the annual IBI payments have not been paid by Excel and do not appear on your statement – you may want to ask a local accountant to pay these amounts for you to avoid penalty interest. We note however, that outstanding IBI from previous years is often paid off (retained from the sales proceeds) when the property is eventually sold.

But what if Excel asks you to pay alleged past debts from when the rental contract was in vigour?

You could have a debt with Excel (the hotel) if the income due from the rental contract was insufficient to cover the expenses. In this case Excel must accredit the expenses and income. Excel should provide detail behind the calculation of rental income, the bills for water, electricity, community, internet, IBI, etc …

Without this accreditation we think you should only pay

  • the IBI tax (directly to the townhall) and
  • the Community of Owners fees (directly to the community account).

What if I sell my apartment? Can I do so with alleged debts to the hotel?

If you sell your apartment the buyer will be interested to see that there is no debt with the community of owners or with the townhall. Hence our advice applies that you should only pay the IBI tax (directly to the townhall) and the Community of Owners fees (directly to the community account).

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