Do you mean that all the others appartments , the one you can find at ownerdirect for example, are illegal to rent ?
Erm, in short yes! I do not have a problem with this as I know the laws as they stand are crazy, we love Los Gigantes and have been visiting for many years, I have a simple view on life, we book a place , pay the cash and then spend cash in and around the area, which of course helps everyone in the industry. My main fear is to pay a deposit, it go pear shaped and we lose our cash as a result.
To clarify a little, we live on a small island in the Med, a typical charter /package deal is not available to us, we have to book independantly using ferries planes via Madrid/ tenerife north or South. Flights etc we arrange at the last minute, the pad is always booked first, then we slot in the flights, we cannot do Tenerife the same day, it always involves an overnight at Madrid. There is always a great deal of planning involved in our holiday, not as simple as booking a UK cheapo. with reading of the tightening of the letting laws in the Canaries this is causing us far more concern than it used to do. We will still do it, just asking for advice from the locals, and very grateful for it!