A Rent to Buy (also known as Rent To Own) is a contractual arrangement where a property is rented for a specific time period, with the option to purchase the property for a pre-agreed price during that term. The initial payment and all the rent monies paid during the rental period are removed from the pre-agreed sales price at the time of purchase at notary. How does a rent to buy in Spain work? :-
Here is an example of how rent to buy would work:
- The property property of your choice costs 150,000 euro, you view it and love it.
- On your behalf we make an offer to the owner something like this;
- 10% deposit down now, (15,000 euro) plus an additional 1,000 per month rent which will be deducted from the price in two years.
- Completion is in 24 months.
100% of the deposit and the rent paid is deducted from the final selling price and you will become the proud owner at the notary after making the final payment!
Here are some amazing properties with a Rent To Buy option:
€79,995
Village house with outdoor space in Peña Zafra de Arriba
Village house
€995,000
Beautiful Spacious Villa in Torrevieja
Torrevieja
Villa
€399,995
Large executive Villa in Villena
Villena
Villa
€174,950
Country house in the mountains
Villena
Country house
€175,995
4 Bedroom Finca with Pool in Calasparra
Calasparra
Finca
€499,000
Large Restaurant with function rooms in Salinas
Salinas
€85,995
Modern Apartment in El Pinós/Pinoso
El Pinós/Pinoso
Apartment
€399,995
Stunning Detached Villa with a second house
Monóvar
Villa
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