Here the renter would pay a set amount to the seller, which is known as option fee. Along with it, the renter would also pay a rent premium which is slightly above the typical rent. There is no reason to worry, as the fee and the rent premium money would go towards the down payment of the house. At the time when the renter buys it out at the end of the period.
Rules Regarding Renting:
After completion of the agreed lease period, if the renter doesn’t want to purchase the property due to any reasons whatsoever, then the seller keeps all the money that is the fee and the rent credits.
You can start investing in real estate properties. You can take a property which you can rent out to a tenant who is planning on buying the same down the road. The agreement needs to be drawn up with the help of an attorney. The agreement would involve details of the terms and conditions of the property.
The buyer and the seller need to negotiate and fix up the sale price beforehand. The sale price of the property would be final and the same would be unaffected by the rise or fall of prices in the market till the end of the lease period. The lease period would be decided before, which is generally between 1 to 3 years.
High-tech Industry at Barcelona:
From ancient day Barcelona was both a trading destination and major port. That is the reason the city has increasingly becoming high-tech industry as well as a tourist destination. Lots of expats are coming to the place. For most expats the job market in Barcelona is less favourable than Madrid. Wages and salary on both the place are lower. Recently the city’s economy is boosting up.
If you ever go to Barcelona. Do not miss the Summer Festival called as the Grec Festival there. The cultural events featured with dance music comes between June to August every year. Other festivals featuring plenty of feasting and dancing come in the month of February each year, which is practised during lent.
