Real Estate Agency on Gran Canaria

Rent to Buy

With finance becoming increasingly difficult to find, Rent to Buy is becoming a popular alternative with more and more people interested in this option.

It is a sale contract with an extended period for completion of say 3 to 12 months or perhaps more. This allows a buyer time to arrange the full finance of the purchase yet have the use of the property straight away. The sales contract is drawn up to include a fixed sales price, a completion date, a deposit and monthly "rental" payments, which are higher than the normal rental amounts would be because it is possible that the vendors have to move out and rent themselves until completion. The buyer / renter can complete the sale at any time during the length of the contract.

When the completion date arrives all payments (deposit and monthly "rental" payments minus different costs as community, electricity & water etc.) are deducted to from the agreed sales price and the balance paid and the sales completed at the Public Notary.

Rent to Buy is a great way to try a house, apartment or even a holiday home before you commit to buying it. It means you can get to know the area, meet your neighbours, check the schools, get settled in a new job, and make your house a home before you make the biggest financial decision of your life.

If you have a property you are wanting to sell but can’t find a buyer or have a buyer who can’t get a mortgage then 'Try before you Buy' is a great way of attracting potential buyers. Your property does not have to be vacant to market your property. So if you are still resident in your property and trying to sell it, market your property with us – go to Sell my Property and register your property free today - it's Simple!

We are a International website and are aware of the many people who still wish to make the move but are afraid of the unknown. Did you know that the possible home buyer spends just 10-20 minutes inside your property before making a decision? - That's less time than we spend when we are reading our newspaper!

We believe rent to buy is a smarter way to buy a new home!!  -  Feel safe with our 'Try before you Buy', lets us try to find the property of your dreams and Try before you Buy.

If the buyer / renter decides they do not wish to complete the sale they forfeit all the monies paid and that is retained by the seller.

All Rent to Buy contracts are drawn up by expert independent lawyers who will determine the property selling price to include all relevant costs.

All contracts are drawn up in the same way as a purchase contract and are registered with the notary and would cost about the same as it would if you were buying or selling the property.

Whether it be golf course villas or apartments by the beach you're looking for, your ideal property can be found with us. Contact us for more information.


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