Business · Companies · 8 hrs ago
Basque government approves free rent default insurance for landlords
The Basque government approved free rent-default insurance for landlords who rent out homes in areas with strained housing markets.
The scheme, called Alokaplus, covers unpaid rent and may also cover utility bills or damage caused by a tenant.
Landlords can recover 14 months of rent, or 20 in some cases, and the government will then seek repayment from tenants for amounts it paid.
To qualify, a landlord must be an individual who owns no more than five properties, and the rented home must be used as a main residence in a designated area.
The landlord and tenant must sign an agreement confirming that the tenant will repay covered debts.
The government says the scheme aims to bring up to 25,000 empty homes into use without adding insurance costs for tenants.
The government has approved the scheme, but the details provided do not say when it will begin.
The Basque government has approved a free public insurance programme to cover landlords for certain rental debts and property damage.
Under the Alokaplus programme, eligible landlords can recover up to 14 months of rent, or 20 months in some cases.
The government will seek repayment from tenants for amounts it pays on their behalf.
The scheme is intended to encourage owners to rent out up to 25,000 vacant homes in municipalities designated as stressed housing-market areas.
To qualify, landlords must be individuals with no more than five properties, and the home must be rented as a main residence in one of those municipalities.
- Who
- The Basque government approved the scheme; eligible landlords can join it.
- What
- Alokaplus is free public insurance covering certain rental arrears, utility bills and damage. The government will later seek repayment from tenants.
- When
- Tuesday; the article was published on 13 October 2026.
- Where
- The Basque Country, in municipalities designated as stressed housing-market areas.
- Why
- The programme aims to encourage the rental of up to 25,000 vacant homes and give landlords security without adding insurance costs or barriers for tenants.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Programme
- Alokaplus
- Standard rent coverage
- 14 monthly payments
- Coverage in some cases
- 20 monthly payments
- Landlord eligibility
- Individual owners with no more than five properties
- Target
- Up to 25,000 vacant homes in stressed municipalities
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What people are saying
unlock up to 25,000 vacant homes in stressed municipalities
We do not only ask owners to rent; we also give them security to do so and prevent that security from translating into more costs or barriers for tenants
Alokaplus does not erase debts or turn non-payment into a permanent burden for the Administration