SALE WITH GUARANTEED RENTAL
Sell your property and continue to enjoy it as a tenant, thus getting rid of the costs of being a landlord.
1. SELL THE HOUSE
2. BECOME A TENANT
3. CONTINUE TO ENJOY THE HOUSE FOREVER.
What is Sale and Leaseback?
WE ARE OFFICIAL ADVISORS OF EVEN MORE LIFE
It is a service through which the owner of a property sells the full ownership of it, but without ceasing to make use of it, since at the time of formalization of the sale before a notary, a lease contract is signed simultaneously with the buyer for the term determined by the seller. The lease contract is also registered in the land registry, thus providing the new tenants with all the legal guarantees so that they can remain in the property for the agreed period of time.
In this way, the guaranteed rent converts the figures of seller and buyer typical of any sale and purchase into tenant and lessor, respectively.
What does this type of sale involve?
Formalizing a sale with guaranteed rent implies:
Selling 100% of the property to the buyer and, therefore, receiving the sale price at the moment the Public Deed is formalized before a notary. The sale and purchase of the property is a conventional sale, which is usually carried out at a discount with respect to the market price. The buyer of the property will become with immediate effect its lessor, and the seller will become a tenant of the property, for which he will have to pay a monthly rent for the payment of the rent. This amount is determined based on the market conditions at the time of the transaction for a home of similar characteristics and location to the one being sold.
Requirements:
There is no prerequisite to be able to formalize a sale with guaranteed rent, other than owning a property. Therefore, it does not matter how valuable the property is or the age of the current owners. It is valid even if the property has mortgage encumbrances, as long as these can be cancelled with the amount received from the sale.
Advantages of sale and leaseback
Liquidity injection
With the Guaranteed Rent, the seller can enjoy his retirement without worries, since he obtains an injection of liquidity with which he can both get rid of his financial burdens and make the disbursement he has always wished for.
Formalization expenses
Once the transaction has been formalized, the seller will only have to pay the Municipal Capital Gains Tax, since the rest of the expenses (notary's office, Land Registry, Transfer Tax and Stamp Duty) will be assumed by the buyer.
Legal guarantees
The Sale and Leaseback is an operation that has all the legal guarantees, since both the sale and lease contracts are formalized before a notary public and registered in the Land Registry.
Increased sales proceeds
The amount received for this service is greater than the amount received from the sale of the bare property.
Property expenses
The tenant will no longer assume certain expenses for the maintenance of the property, such as the ordinary community fees, the real estate tax, the extraordinary payments and the insurance of the property.
Excellent tax treatment
If the transaction is carried out on a property declared as a primary residence, the seller is exempt from paying taxes on the increase of wealth in the IRPF.
Frequently Asked Questions
One or two persons, as long as they are the owners of the house.
At the moment of formalizing the product before the notary.
This amounts to approximately 80% of the market value of the house. However, this will depend on the date of birth of the youngest owner.
Yes, although it is updated annually at the CPI.
Explore other Possibilities
BARE OWNERSHIP
Receive a one-time payment in exchange for the sale of the freehold of your home and continue to use it for life.
REAL ESTATE ANNUITY
Thanks to a previously stipulated monthly payment, you will be able to meet those expenses that until now were not within your reach and continue to enjoy your home forever.
REVERSE HOUSING
Reverse housing is a flexible and efficient financial solution for seniors to monetize all the savings they have deposited in their homes.
SALE WITH GUARANTEED RENTAL
Sell your home and continue to enjoy it as a tenant, thus getting rid of the costs of being a homeowner.
REVERSE MORTGAGE
With the Reverse Mortgage you will receive a monthly periodic payment and the possibility of a one-time payment at the time of incorporation. You will retain ownership and usufruct of the house and will not have to repay the mortgage during your lifetime if you choose to do so.
WHAT TERMS WILL I RECEIVE FOR MY HOME?
with City Malaga Financial Services ?
In City Málaga – Mas Vida we advise you, if you are interested in a Guaranteed Rental Sale study we need you to send us the following information to our email andalucia@aunmasvida.es:
- Personal information of the interested party (copy of NIF, NIE or Passport).
- Documentation of the house (exact address of the property and the last receipt of the Real Estate Tax).
- Contact telephone number.
+ (34) 657 566 031 
+ (34) 952 85 1613Contact Us
We will get back to you as soon as possible