Rent to Buy
With finance becoming increasingly difficult to find, rent-to-buy is becoming a popular alternative for both sellers and buyers.
If you have a property you want to sell but can’t find a buyer or have a buyer who can’t get a mortgage then maybe rent-to-buy is the option you are looking for.
Rent-to-buy works in such a way that the buyer/tenant pays a substantial deposit and then pays a monthly payment, in the same way as a mortgage payment would be made. The buyer/tenant can complete the sale at any time during the length of the contract.
If the buyer/tenant decides they do not wish to complete the sale at the end of the contract term, they then forfeit all the monies paid and that is retained by the seller/owner.
All rent-to-buy contracts are drawn up by expert independent lawyers or a Spanish Asesoría, who will determine the property selling price to include all relevant costs.
All contracts are drawn up in the same way as a normal purchase contract and are registered with the notary and generally cost about the same as it would if you were buying or selling the property.
If you require further information please contact us by e-mail or by phone.