Posts Tagged ‘Purchase Leasing’
Purchase Leasing
Given the difficulty of getting a mortgage because of the lack of liquidity of financial institutions, is becoming increasingly popular rent to own as a recipe for home buyers. Also do not have to make a big initial investment.
This formula for the purchase of housing, or a tool to overcome these years of financial crisis in which banks have cut their taps, as well as advantages also contain drawbacks that you must know in advance in order to avoid trouble in investment of our lives.
What is lease purchase?
The call option is a contract where one party, the landlord, is obliged to sell the property, if the other party, the tenant decides to buy after the agreed rental period.
In the option has to state the value of the future sale and the length of time that the beneficiary has to exercise its right to purchase. It can be a separate contract or be contracted as part of the lease. You can register for the registration of the property to be payable to third parties.
What additional clause be added to the lease?
Within the lease must be added the following points for the Purchase Option, which describes the conditions that will make a future sale:
- The selling price of housing and the discount of the monthly rent.
- Revealed that the property is free of charge.
- A statement that the property is sent free of tenants, occupants and squatters.
- Day to raise public write the sales contract.
- Costs and taxes to those concerned.