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lease or let-to-buy ?

Posted by BritAbroad-900711 - Created: 3 years ago
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4 replies (Showing replies: 1 to 4)

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Posted by countrydweller - 3 years ago

Trouble is once they are in it will be the devils own job to get them outI would be wary especially as this is a contact from miles away about whom you know nothing

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Posted by buster-784461 - 3 years ago

Different ways of buying/selling here



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Posted by BritAbroad-900711 - 3 years ago

Thanks !!! Very well put and "simple" enough for me to inform my French neighbour. 

Thanks again, and a nice weekend

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Posted by glamourpuss85 - 3 years ago

Rent to buy was/is very popular in Spain after the house market crashed enabling sellers to free up properties, and buyers to 'try before you buy'. Essentially you agree a sale price for the house at the time of contract, the sticking point being the actual figure won't be settled for 2 - 5 years dependent on rental lease contract length, so the probability of under or overvaluing the property is quite high.

The buyer will then pay a (normally) non-refundable deposit, up to 10% when contracts are signed. A monthly rental figure is agreed, and this is paid every month for the duration of the rental contract length, and consequently taken off the agreed price for the house. At the end of the rental contract, the buyers either walk away, surrendering their initial deposit, or purchase the house at the previously agreed price minus initial deposit and rental paid over the length of the contract. 

Hope this makes sense! We actually looked into it in Tenerife...