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1Rent2buy. A new way to buy property in Spain...
Rent to buy is a new way of buying overseas property, helping you to make the right choice first time - without any obligation to buy.
What is a Rent to buy contract?
A rent to buy contract:
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is an option to buy combined with an agreement to rent. |
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can be for a period of between 3 and 24 months. |
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gives you the exclusive right to buy the property (under
the terms agreed) at any time during the duration of the
contract at the original agreed price. |
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gives you a tenancy in the property for the duration of
the contract . |
(Example: 2 bedroom apartment on the Costa Tropical – purchase
price from €109,222 plus taxes – 6 months rent to buy contract
€5,200)
The cost of the rent to buy contract is deducted from the
purchase price of the property at the time of purchase.
The Process for the
buyer:
1.
Select the property to purchase with
the rent to buy contract
2.
Take out a rent to buy contract on
that property for a specific duration (between 3 and 24 months,
depending on the development) |
3.
Take up residence in the property with
exclusive rights to purchase at any time before the rent to buy
contract expires under the terms agreed
We have negotiated very competitive purchase prices from a wide
choice of developers.
In some cases we offer an incentive should you commit to buy
before the end of the option
All apartments and villas for sale will be furnished (It
normally takes a month after payment of your rent to buy lease
option to furnish the property. Exceptionally this may not
occur, then a furniture package will be arranged.
Take an inspection trip and view the property before you buy. If
the property sale completes we refund you £250 towards the
costs.
Rent2buy have teamed up with Manzanares and Sanchez Padilla
Solicitors, two reputable law firms in Spain with offices
throughout Spain and in the UK. Between us we can help you in
all legal matters relating to your property rental and purchase
- alternatively we can recommend a selection of local
solicitors.
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