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Firstly
if your property is not to be your permanent residence
then you will have to appoint a
Fiscal representative
to communicate on your behalf with the local tax office
to ensure your annual council tax
(Imposto do Municipal Sobre
Imoveis IMI) are paid promptly.
Ensuring your property is
properly protected with
house insurance
is also another key
aspect which can get ignored during the heady rush of
purchasing fixtures and fittings for your new home.
However insuring your property against natural
disasters, fires and accidents is important to protect
your investment.
Another
important aspect which can get overlooked if your
property is a second home, is to organise direct debits
for your utility connections (water, electric and gas
where applicable). Ensuring your bank has received
instructions for standing orders is important as failure
to pay standing charges will result in the termination
of a service, which can be costly to reconnect.
If your
property in Portugal has a large garden then you will
have to consider who will maintain it while you are not
in the country. Spending precious time on holiday
weeding your garden which in your absence has become a
jungle is not restful or relaxing. There are many
companies who offer
garden maintenance
services throughout Portugal and if you want to stretch
out and relax during your break in the sun, hiring
professionals can be money well spent.
Equally, appointing
someone to key hold for you while you are not in
Portugal will give you peace of mind. You may have
friends or family in Portugal who will be able to take
care of your property in Portugal while you are not
here. However if you do not have anyone to ask, there
are plenty of companies throughout the country which
provide
Property Management.
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