RENT TO BUY

Have you ever heard of the purchase with the rent with redemption mode? 

It is a contract under which the owner rents a property (for residential, commercial or land use) recognizing the tenant the possibility of buying the property at an agreed price within a specific period of time, attributing to the price the part fee specified in the contract. Part of the rent will represent the consideration for the use of the property (rent) and a part will represent a down payment on the price of the future sale! It is also possible to decide to deduct each fee from the price in full without making any differentiation.

The guarantees

Transcription with protection extended to 10 years (maximum limit) if the contract is made with the intervention of the notary. There is protection for the tenant in the event of the seller's bankruptcy or death or in the event that the property is mortgaged or foreclosed.

Advantages for owners:

it allows to have the guarantee of the sale price of the property: given the fluctuation of the market, it is possible to block the sale price even if there should be further negative declines;
allows you to remain the owner of the property!
in case of arrears you will be able to avoid the eviction procedure. Just start the property release procedure, which in many cases is much faster and less expensive than the eviction procedure.

Advantages for the tenant:

at the end of the period established in the contract there is no obligation to purchase the property. Should you realize that you are not able to make the purchase, you can decide to exempt yourself from the notarial deed: the only consequences will be the loss of the sums previously paid.
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