acquire a living place in Rent with option to buy it's a good option, if you do not know how do you catch up and we explain in this post of the week.
Implemented increasingly, rent to own It is an easy way out to avoid a large mortgage and live in what will be your future home as follows:
-The tenant will two contracts to sign; the rental and purchase.
-For a certain time and that both the tenant and the owner of the property must conform, You will be billed monthly rent money. After that time, if the tenant wants and can buy housing, the property owner will deduct the total sale price already paid the monthly installments or partially complete.
A rent to own not supposed to pay a higher price on their monthly payments, but a greater outlay bail, to understand us, in some cases it can be treated as a small entrance, It is not mandatory but for the homeowner is a form of ensure sale.
Tiene advantages for both, the tenant will have priority to purchase the property to any prospective buyer that can go in the estimated time of sale, by the seller you have the advantage of keeping the raw input if delayed in the purchase decision, provided that it is within the set time and contract signed by both.
The purchase price can not be changed nor by owner, or by tenant. The rental price, However, yes it can vary depending on the CPI, if the owner so requires.
The purchase of housing can be a long time before the deadline set. In fact, Typically, the tenant decide on the purchase before two years, which is beneficial for both parties: the tenant does not suffer much fluctuation in prices and the owner gets rid of the housing.
Desde Top Building Inmobiliaria, We hope to have clarified some doubts, and if you are interested in buying property in these conditions, Call us, we have available several properties in different parts of northwest of Madrid.