What does the 250 Euro Young Rental Bonus consist of? (Read carefully!)

What is the 250 Euro Young Rental Bonus? We explain everything you need to know

Be quick, take advantage while the benefit is still available and request your aid of €250 per month to receive the money in your account.

The Spanish government is concerned with the emancipation process of young people in Spain, since many are still living with their parents at 32 years of age, as some statistical studies have shown.

For this reason, the benefit of Young Rental Bonus 250 euros as part of the new State Housing Law.

The objective is to facilitate the enjoyment of a home or room for rent or transfer of use to all young people, between 18 and 35 years old, with limited financial means, through direct aid to tenants.

What does the Young Rental 250 euros consist of?

The main characteristics of this benefit are:

• Available for young people between 18 and 35 years of age;
• Aimed at any Spanish citizen or other European or third-country citizens who can prove their legal residence in the territory of Spain;
• The aid is up to a maximum of 250 euros per month and is available for rentals that do not exceed €600 per month;
• The benefit is exclusive for the payment of housing rental income: It is necessary to present a legal rental contract for the home or the contract for the transfer of rent for a room, both legalized;
• The rental cost should not exceed 600 euros per month;
• It is granted for a maximum period of 2 years: This means that the maximum total amount is 6,000 euros, which will be divided into 24 monthly payments of 250 euros each;
• Proof of a regular source of income is required, which must be less than 3 times the IPREM, that is, 23,725 euros annually or 1,979 euros per month in 12-month payments;
• It can be supplemented with other government aid or benefits;
• Can be used for individual or shared rental: You must have a source of income, including that of the people who have the habitual and permanent residence in said home, whether or not they are the holders of the lease or assignment contract equal to or less than 3 times the IPREM;
• In cases where 2 young people live together, then the income may be equal to or less than 4 times the IPREM;
• When 3 or more young people live together, they may be equal to or less than 5 times the IPREM.

How and where do I request the 250 euro Young Rental Bonus?

Applying for this benefit can help many young people who want to become independent while they work, study and prepare to have a well-established adult life.

For the national government, there are some important requirements to grant the benefit to these young people and, once the calls are open in each city, it is important that the interested party attends well and completes all the forms and follows the instructions of the desired location.

For this reason, we highlight that, although the aid comes from the National Government of Spain, it is the Autonomous Communities that have control and management of the process, that is, they approve and make payments.

All the main information so that you can achieve the bonus of 250 euros for your rental will be available on the official sites of the following communities:

• Andalusia
• Aragon
• Asturias
• Balearic Islands
• Canary Islands
• Cantabria
• Castile and León
• Castilla-La
• Stain
• Catalonia
• Ceuta
• Valencian Community
• Estremadura
• Galicia
• Madrid
• Melilla
• Murcia
• Navarre
• Basque Country
• The Rioja

Thus, if you are interested in applying for this benefit, we guide you to follow the instructions that each of these communities provide, which means that it is important to pay attention to the publications on their official sites.

That way, so that you can do how to do it and so that you know more details about all the main requirements and can have access to all the information and application links for each autonomous community, we leave you a guide. Tap the button below to view.

Written by

Everaldo Santiago