Corresponds, at a legal level, with the accounting of a real estate company, which in Spain has the following definition:

Real estate Accounting companies are those that act on real estate, transforming it to improve its characteristics and physical capabilities and offering it on the market to satisfy the housing needs of the different activities of the society.

Thus, the General Accounting Plan for Real Estate Companies (PGCEI) includes the rental of real estate on their own account as one of the activities of real estate companies. These are companies whose exclusive or main activity is the leasing of homes and apartments, land, real estate, industrial premises, businesses…, owned.

What are the accounting features of real estate rental companies?

  • The PGCEI is structured in the same five parts as the PGC :
  • Accounting principles are the same as those of the PGC.

Table of Accounts, where the sector-specific accounts and subgroups that do not appear in the PGC and those that have undergone some type of adaptation appear.

Valuation standards contain the accounting criteria and the rules applicable to the operations or economic events carried out by the company, adjusting them to those of the PGC, but with necessary modifications.

What are the most common accounting concepts of this type of company?

Among the most common concepts of accounting for real estate rental companies and what differentiates it from the rest of company accounting, we can find:

  • Financial leases, when we talk about rentals with the option to buy.
  • Operating leases, when we refer to leases without the option to purchase.

The use to which the properties acquired by the real estate agency are destined and which will have a different accounting treatment.

  • Immobilized material
  • Investment Property
  • Acquired buildings
  • Residential buildings
  • Industrial buildings
  • Recreational and cultural buildings
  • Buildings for agricultural and livestock farms
  • Customers
  • Real estate rental income
  • Object and requirements

The purpose of the PGCEI is to provide real estate companies with adapted accounting regulations. So that they can supply their accounting information in a standardized manner.

The main requirement to benefit from this PGCEI is that the company.

Peculiarities of the PGC in this sector

The main peculiarity of the PGC within this sector is how real estate investments. Are understood since a real estate rental company must acquire these assets in order to lease them.

  • get rents
  • get capital gains
  • Both cases
  • To obtain income (since its main economic activity will be the rental of said real estate).

With the appearance of subgroup 20 in the accounts.

Other peculiarities of the PGC for real estate companies are found when accounting for real estate as inventories. In order to do so, the property must be used for the exploitation of the activity, that is, in this case for rent. If the property in question was being used by the company as the headquarters for its offices, for example, it would be considered within the group of fixed assets.

The PGC has specific accounts for real estate investments :

To account for your acquisition or change of destination:

  • (220) Real estate investments in land and natural assets
  • (221) Investments in constructions

To post your depreciation :

  • (682) Amortization of real estate investments
  • (282) Accumulated amortization of real estate investments

To account for impairment depreciation:

  • (692) Impairment losses on real estate investments
  • (292) Impairment of value of real estate investments

To account for the profit or loss that occurs from its disposal or loss:

  • (672) Losses from real estate investments
  • (772) Profits from real estate investments


In the accounting of rental companies, care must be taken when differentiating between those properties intended for the company’s own use and those intended for lease, those that fall within group 2, and specifically within subgroup 22 of Property, Plant, and Equipment we have:

  • (220) Land and natural assets
  • (221) Properties for lease
  • (222) Property for own use

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