Complexes here in Tenerife fall into two categories, Residential and Touristic.
In order to legally Holiday Let, you must purchase a property on a Touristic Complex.
Touristic Complexes hold a Tourist License awarded by Turismo, the Tenerife Tourist Board.
In addition to a Touristic License, the Touristic complex must also have a designated Sole Exploitation Company, whom you must rent your property through. You cannot rent your Property Independently.
The Exploitation (Management Company) ensures all Guests are registered with the Tenerife tourist board. They also ensure all apartments are to a set standard and ensure maintenance of the complex e.g. fire extinguishers, fire alarms as well as the correct insurance etc…
Community Fees on a Touristic complex are usually higher as there are many more facilities, such as heated swimming pools, security, reception, and pool bar.
So in order to holiday let you must purchase on a complex with a Touristic License and a Sole Exploitation company.
You must also ensure that you are happy with the rental return offered by the Exploitation Company.
Residential Complexes are usually quieter with fewer amenities, which means lower Community Fees. It also means you won't be disturbed by holidaymakers dragging suitcases or jumping in the pool in the middle of the night.
You can only legally long let on a residential complex with a contract for a minimum of 3 months at a time.
Regarding a rental return remember that there will be less expenses on a long term let e.g. weekly cleaning fees, management company fees, weekly laundry fees and wear and tear on the property.