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If the value of my rent to buy property increases during the time of my rent to buy contract is the agreed purchase price still valid? |
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Yes, the price remains the same irrespective of market conditions. |
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Can I live full time in my property on a rent to buy contract during the period of tenancy? |
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Are there any additional costs to pay during my stay? |
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Yes, water and electricity costs will be payable for the duration of the rent to buy contract plus a nominal returnable breakages deposit. |
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Will I be able to choose another apartment or villa in a different position to mine in the same development? |
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Yes, subject to availability. The price may be different to the one you have chosen. |
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Do I get a refund if I decide I do not like the property / region? |
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No – no refunds are offered in the event you decide against either staying in the property or deciding not to buy the property. |
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If I like the property can I buy it before my rent to buy contract expires? |
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Yes, you can decide to buy your property at any time throughout the duration of your rent to buy contract and the purchase price will be minus the full amount paid for the rent to buy cost. In some cases, depending on the development and on the rent2buy option duration, Rent2buy Properties can offer incentives to buy if the buyer commits to buy before the term of the Rent2buy contract.
This must be established with the vendor and will depend on the duration of rent2buy contract. |
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If I decide to buy during my rent to buy contract how do I arrange the purchase? |
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Rent2buy Properties can refer buyers to their legal partners -Manzanares Lawyers or Sanchez Padilla Solicitors - two reputable law firms in Spain and also based in the UK or we can refer you to local solicitors. Either way you will receive professional assistance and advice with all the paper work and legal procedure. |
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Can I rent my property out full time to test the market over the duration of my rent to buy contract? |
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Yes, depending on the development and if you have a rent to buy contract duration of 6 months or more; you can either do this individually or we can refer you to a local holiday rental agency in the area. |
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I understand that some developments offer a leaseback service. How does this work? |
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This is generally for buyers looking for an out and out investment. Some developments may offer you the possibility to contract your property out to management companies who rent the property on your behalf and in some cases offer a guaranteed level of return or a level of return based on occupancy. Normally you are allowed a period to enjoy the property for personal use. |
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Are there garages available if I bring my car? |
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Yes, most developments have secure garaging which can be included in your rent to buy option and purchase price. |
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Will I have to pay for things like refuse collection and rates? |
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No, the price you pay for your rent to buy contract includes ancillary charges but excludes water and electricity |
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Can I change apartments / property during my rent to buy contract? |
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Sometimes but only within the same development. This is dependent upon availability, property type and permission must be granted by the developer. |
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Will the apartment be furnished? |
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Usually furniture will be included......Should you take advantage of our viewing trips then it is quite possible that the properties you see during the trip will not be furnished. Having made your choice it generally takes a month to furnish. Exceptionally this may not occur, then a furniture package will be arranged.
Conversely if you would like to bring your own furniture then this is possible too but will be at your own expense. |
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