Long term rental is generally allowed. The situation is different with tourist rental: If you want to rent your house or apartment to tourists, you must apply for a license from the Ministry of Tourism. The condition is that the property is located in a zone in which the holiday rental is allowed. In the Governmental Zone Plan (PIAT), a distinction is made between areas that are saturated with tourists and those that are not yet saturated. Basically, excepted from the tourist rental are properties that are located in tourist areas, such as Palma or the Playa de Palma. There are some requirements that must be met for a holiday rental: The property have been privately owned for at least five years, there must be a certificate of eligibility and in a community of owners the other residents must agree. The licenses are given per guest bed, a bed in an apartment is cheaper than that in a villa.