The promoters are looking for alternatives to provide an outlet for properties that carry some time without selling. According to information published by Cadena Ser, at least, 6,000 homes were sent recently to the public rent society (SPA), by Spanish sponsors, to ensure that this body puts them on lease. Rent with option to buy is an attractive formula for small and medium developers who are unable to find the desired purchaser and for potential buyers who can not buy a house in property from the first moment because they may not have a bank credit in the home. Some analysts agree that this joint funding mechanism is affordable in situations of economic recession, how that currently crosses the real estate market. In this sense, is an optimal formula to provide an outlet for new construction and apartment houses in stock. Agencies that offer this type of services pose to those interested the option of renting the House of new building for an affordable price, from market, which will vary in function of the property, its location, characteristics and qualities, with a purchase option after 2 or 5 years. The main feature of this mode is that the payments that are being carried out during the life of the lease will not a deaf ears. When this period expires and the lease period is complete, these amounts will be deducted at the final price of the property that the tenant will have to pay.
The real estate Nozar, for example, announced last October, this modality, the Formula A + C, which allowed customers to rent an apartment of new construction of the promoter from 550 euros per month with a term of 5 years to acquire it later, discounting at that time payments paid during the lease period. The last reform of the Housing Plan 2005-2008 has also included this mechanism in its proposal and the Region of Murcia, for its part, already one of the autonomous communities is in which supports the promotion of housing for rent with option of purchase. Legal aspects the purchase option is regulated between the parties, i.e., landlord and tenant, in a lease stating this peculiarity. Stakeholders have signed a joint agreement in which the lessor guarantees the lessee may acquire housing in an agreed period. In addition, both undertake to raise public deed of sale the previous contract by the deadline. Until the time of the purchase the lease is governed naturally by a contract to use for this mode. In any case, the law applicable to this contract is the 1255 article of the Civil Code: the contracting parties can establish the pacts, clauses and conditions which have as disadvantage, provided that they are not contrary to law, morality or public order.