What type of lease does LAU refer to in Spain?

The term "LAU" in Spain refers to the "Ley de Arrendamientos Urbanos," which is the Urban Leasing Act. This legislation primarily governs residential leases for long-term housing. The LAU establishes the framework for rental agreements between landlords and tenants, focusing on the rights and responsibilities inherent in these long-term residential agreements.

Under the LAU, leases for residential properties must adhere to specific regulations regarding duration, rental price adjustments, and tenant protections. This legal structure ensures that tenants have a secure and stable living situation, which is crucial for residential use.

Other types of leases mentioned in the options, while relevant in the real estate market, do not fall under the purview of the LAU. Commercial leasing agreements are typically governed by different laws focused on business-related premises. Short-term vacation rentals are subject to different regulations, often linked to tourism and hospitality laws. Similarly, leases for co-living spaces also operate under distinct legal guidelines that cater to unique living arrangements.

By focusing on the long-term residential aspect, the understanding of LAU is crucial in navigating the residential rental landscape in Spain.