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Rent to Buy
Sun Estates Spain
Sun Estates Spain
Sun Estates Spain
Apartment In VillamartinSpain Ref: How it Works
0€
Build:  m² Build: TBAm² Plot: TBAm²
THE NEW WAY TO SELL YOUR PROPERTY FAST WHAT IS A RENT TO BUY IN SPAIN?   A Rent to buy (also known as Rent to Own) is a contractual arrangement where a property is rented for a specific time period agreed between both parties. With the option to purchase  the property for a pre-agreed price during that term. The initial payment and all the rent monies paid during the rental period are removed from the pre-  agreed sales price at the time of purchase at notary. How does a rent to buy in Spain work?  Agree an upfront initial payment and pay (10% of the buy price). Agree a monthly rental amount (all of which will contribute towards the purchase). Agree a sales/purchase price. Agree a term within which to purchase the property. The utility bills and communal fees are paid by the buyer. The Suma is paid by the seller until the property has completed and changed to the buyers name. Sign a contract based on the above agreed amounts. Move into your new home. Buy the property within the agreed term with the deposit and all the rent paid being removed from the pre-agreed purchase price.  In summary, this approach allows buyers to start to buy their new home in Spain with as little as a 10% initial deposit and with interest free set monthly payments during the rental period. The Rent to buy contract can be a private contract between both parties, alternatively, the contract can be notarised   and registered with the land registry, to assist with this we have partnered with independent lawyers Bricio Solicitors.  We have also obtained the support  of various banks to assist our clients in obtaining a mortgage if/when required and if a currency transfer is necessary we also have several Currencies companies to help you get the best rate available. EXAMPLE:Purchase price €100,000 Deposit payable €10,000 Rent over two years at €500 per month equals €12,000 Total paid during the term €22,000 To pay on completion at notary after term = €78,000 plus fees            
Sold
Sun Estates Spain
Sun Estates Spain
Sun Estates Spain
Town house In Torremendo Ref: SUN606
87,500€
Build:  m² Build: TBAm² Plot: TBAm²
Pool
Baths
2
Beds
3
Straight sale or Rent to buy only €87.5000 -  This is a lovely 2/3 bedroom townhouse set on a lovely urbanization called Lakeside Mews in the heart of Torremendo Village, with plenty of bars and restaurants. Walking through the front door you will find a good size lounge / dining area with an additional rear part, giving you that extra space, there is a pellet burner and new A/C unit giving you hot and cold air. There is also a separate WC to this ground floor. Off the lounge is a fully fitted separate kitchen, with a range of wall and base units and all white goods that are part of the sale. On the first floor, you will find two double bedrooms, both with new A/C the master having fitted wardrobes and a separate terrace area overlooking the blue lakes. There is a family bathroom here with modern walk in shower. Up the stairs, you will find a good size sunny solarium with some fantastic views over the mountains and Blue lakes. This property also comes with an additional basement area that is presently being used as a third bedroom, so great for a large family or friends. There is also a secure garage area, that can be accessed from the basement of this property. Outside the front of the property is a lovely communal pool with additional seating areas. This is a fantastic property for holidays or permanent living, and has the advantage of being a rent to buy. 
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