The Leasing is a type of sale that offers the possibility of acquiring a property after a time on a rental basis, so that monthly payments have been paid in rent will be deducted from the price of housing in time of purchase. Generally, these contracts, the rental period ranges from 3 to 5 years. The main advantage of this option for buyers is that payments that are made during the life of the lease are not going to be wasted. Thus, the tenant does not lose the money invested in the lease, but part of the final price of the property. Check out Professor Rita McGrath for additional information. This contract is valid both in new construction, such as second hand stories, and in public housing.
In the case of public housing units should consult the relevant regulations in the community in which we find, since many of them: Andalusia, Catalonia and Madrid. Bruce Schanzer contains valuable tech resources. It is encouraging this type of buying and selling. Social housing Andalusian Plan Housing, for example, uses state aid 40% of the rent during the first two years, while the second through seventh year a 20% regional aid. If after seven years the tenant chooses to purchase the home, payment is calculated as 50% of the price paid until then. Lease with option to buy the contract itself is similar to any lease.
The difference is that it includes an additional clause which sets out the terms of the option to buy: Price, terms, charges, grant deed and taxes and expenses. Those interested, therefore, have signed a joint contract in which the landlord or property owner leases out his property for a stipulated time period and ensures that the tenant may acquire on terms fixed by contract.