Rent to Buy or Rent to Own is a simple process that allows the buyer to rent a property for a contracted period of time and at the end of that period have the option to buy the property and possibly get back some of the rental monies paid.

Because there are not pre-set contracts the contract term and pre-paid rental discounts are negotiable between landlord and tenant.

Rent to Buy and Rent to Own is becomming increasingly popular with buyers that are not in a financial position to purchase their dream property out right, right now.

Contracts between Landlord and Tenant should be drawn up by a solicitor and contain the following:

Length of contract

Value of monthly rental

Property purchase value

Discount at end of contract

When purchasing property abroad it is recommended you retain the services of a portuguese solicitor.

Purchase Price € 90,000
Rent to Buy €500 per month
Contract Length 12-24 months

Spacious two bedroom cottage
Approx 1200m² garden
Patio and BBQ Area

Location: Trespostos near Castanheira de Pera

Purchase Price € 250,000
Rent to Buy: Negotiable
Contract Length 12-24 months

Five bedroom farmhouse
Approx 1 hectare land
Patio and BBQ Area

Location: Serrada, Figueiró dos Vinhos

Purchase Price: Sold
Rent to Buy: Negotiable
Contract Length 12-24 months

3 Story 3 Bedroom House
Large established garden
Mains drains, electricity and water present

Location: Pera, Castanheira de Pera

What is Rent to Buy or Rent to Own

Rent to Buy is a revolutionary way to purchase a home without ever having to apply for a mortgage. Absolutely anyone can apply, there are no huge deposits to pay.

The Rent to Buy scheme was developed in Australia and has swept across America and Europe. The reason for its success is that it helps people to get on the property ladder or purchase their dream holiday home.

How does Rent to Buy or Rent to Own Work

How it works is simple. After agreeing the rental price, contract length and total purchase price with the property owner a solicitor will draw up the contracts. At the end of the contract period the tenant has two choices, pay the balance of the purchase price or vacate the property.

Rent to Buy Cash Back

In some cases Owners will let their property to tenants for a higher than normal rentable value and either return a cash lump sum or discount the property purchase price at the end of the contract period.

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