Landlord’s Checklist: 12 Must-Do Steps Before Letting Your Property in Gibraltar

1. Understand Gibraltar’s rental regulations

Before anything else, landlords should familiarise themselves with Gibraltar’s legal landscape. While Gibraltar’s rental market is more streamlined than many jurisdictions, you must comply with local housing standards, anti-money-laundering rules, and—depending on your property type—certain controlled rental sector regulations. Clarifying your obligations early prevents legal issues later.

2. Obtain a valid Energy Performance Certificate (EPC)

Gibraltar requires an Energy Performance Certificate for any property with fixed heating and/or coling offered for rent.  An EPC not only satisfies a legal requirement but also offers tenants insight into future energy costs - an increasingly important factor in the current climate.

•  Richardsons can put you in touch with reputable local EPC assesors

3. Set a competitive market rent

Rental prices vary widely depending on location - Ocean Village, Midtown, South District, and Queensway Quay command premium rents, whereas Upper Town and Catalan Bay appeal to different budgets.  Researching the market thoroughly ensures your rent is realistic and attractive while still delivering strong returns.

• After an up to date appraisal?  Click here to use our free online appraisal tool

4. Decide whether to let furnished or unfurnished

Much of Gibraltar’s rental market leans toward furnished listings due to the high number of expatriates and cross-border workers.  Larger homes may suit unfurnished tenants, particularly families.  Whatever you choose, ensure consistency and prepare a full inventory.

5. Prepare a professional tenancy agreement

A well-drafted tenancy agreement is essential.  It should clearly outline:

• Rent payment structure

• Deposit terms

• Utility responsibilities

• Maintenance obligations

• Rules regarding pets, smoking, or alterations

Most landlords rely on local letting agents or legal professionals to ensure the contract meets Gibraltar’s legal standards.

6. Ensure safety compliance

Safety standards must be taken seriously.  Before letting, check that:

• Smoke detectors are fitted and functioning

• Electrical systems are safe

• Gas appliances (if any) are serviced

• Locks are secure

• Air-conditioning and boiler units are maintained

These checks protect your tenants and reduce risk of liability.

7. Polish the property for viewings

Before photographing or showing the home:

• Repaint where necessary

• Fix small repairs

• Deep-clean kitchens, bathrooms, and windows

• Declutter any storage areas

In Gibraltar’s typically compact apartments, good presentation makes an immediate and powerful impact.

8. Take high-quality photos and marketing materials

Since most tenants search online, strong visuals are key.  Highlight features such as Rock views, marina access, terraces, or walking distance to Main Street.  Natural light is abundant in Gibraltar - use it to your advantage when taking photos.

9. Screen prospective tenants properly

Gibraltar attracts a diverse tenant base - from gaming industry professionals to cross-border workers and long-term expats. Good screening includes:

• Employment and income verification

• Identity checks

• Previous landlord references

This reduces risk of arrears and ensures a positive tenancy experience.

10. Prepare a detailed inventory and check-in report

A comprehensive inventory protects both parties and helps avoid disputes when the tenancy ends. Document:

• Furniture and fixtures

• Appliances

• Condition of walls, floors, and fittings

• Outdoor areas

• Meter readings

Photographic evidence strengthens the report and creates transparency from day one.

11. Plan for ongoing maintenance and emergency response

Gibraltar’s climate means systems like air-conditioning work hard throughout the year. Before letting:

• Line up reliable contractors

• Schedule routine servicing

• Establish an emergency response plan

• Set aside a maintenance fund

Responsive maintenance keeps tenants satisfied and protects your investment.

12. Engage a Professional Letting Agent - The Most Important Step!

While landlords can manage everything themselves, engaging a professional letting agent in Gibraltar is by far the most effective and stress-free approach - and for many, it’s essential.  A reputable agent will handle every single step in this checklist, often more efficiently and with deeper market insight.

A good letting agent will:

✅ Advise on legal compliance and property regulations

✅ Arrange the EPC

✅ Conduct market research and set the rental price

✅ Organise photography and marketing

✅ Manage viewings

✅ Screen tenants thoroughly

✅ Draft legally sound tenancy agreements

✅ Handle deposits correctly

✅ Prepare inventories and reports

✅ Coordinate maintenance and emergency repairs

✅ Act as the main point of contact for tenants

✅ Manage rent collection and day-to-day issues

For landlords who live abroad, travel frequently, or simply want peace of mind, a letting agent is not just helpful - it’s the single most important step.  They minimise risk, maximise return, and ensure all regulatory, safety, and operational tasks are handled professionally from start to finish.

Final Thoughts

Letting a property in Gibraltar offers excellent opportunities, but the key to success is proper preparation and reliable management.  By following this 12-step checklist - and especially by partnering with a reputable letting agent—you’ll protect your investment, reduce stress, and ensure a smooth, successful tenancy.

At Richardsons, we specialise in taking the headache out of renting and managing your property portfolio.  From handling every stage of the letting process to providing ongoing management and tenant support, our team gives you the peace of mind and freedom to truly enjoy your investments.  Whether you own a single apartment or a growing portfolio, we’re here to make the entire experience effortless, transparent, and profitable.