PROPERTY RENT OR BUY, PALMA DE MALLORCA SPAIN.
We are very happy to recommend a village location and not a resort location, as this
is what has worked
for us, in integrating into the community since 1999. Rent to buy
is for persons who have come to the decision that the weather, locally grown food and healthy relaxed
environment combines to give a better lifestyle for the whole family with a high level of security and
safety.
The main issues:
Rent to buy has the ability to stop the upward momentum of a properties rising price.
It allows both parties to plan around a future sales date.
It enables adjustment in all aspects of relocation, whether they be personal or for the whole family.
You get to know all about the property and its workings, neighbours and services instead of just buying and being
left with a property to deal with alone.
It develops a relationship from the day you sign the contract with a banker who more than likely knows the
property.
It enables you to seek the best terms from the banking market, knowing exactly which property you intend to
own.
From the outset the seller and the buyer agree the financial rent to buy terms in dispersal of funds at the point
of sale date.
History has shown that rent to buy can be completed within 11 months but can have built in a further term which
would be an extension period, for the purchaser.
You can know what the best terms are now and work towards all the savings that Spain legally allows.
A rent to buy is always supervised with the relevant legal bodies under the law of Spain and is overseen by a
lawyer who isfully conversant with the home language of the purchaser.
The full enjoyment of rent to buy is only fully appreciated some weeks after the moving in period! with that extra
paperwork which ensures complete peace of mind.
Rent to buy is suitable for residents of Spain, European Union, eastern Europe and in fact all denominations who
hold a valid right to obtain certificate of residency.
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