Does anyone have heard anything about the Rent to Buy or Rent to Own scheme in order to buy a property in Limassol?
Is it available? Any developer that offered something like that?
The only company I know that offers a rent-to-buy scheme is Fox. There may be other companies offering similar schemes.
I've also seen 'rent-to-buy' adverts from private sellers. Corporate or Private, you just need to ensure you sign a suitable legally-binding contract (that you as the buyer are also happy with) - and of course you need to have evidence the sellers will honour the thing.
I don't think there's any way of registering your intent to buy with the Land Registry but maybe someone else knows?
Thanks for the reply.... I will check it out.
Thanks as well... I believe that would be great opportunity for both seller and buyer to enter into such transactions... Outside Cyprus is a well known scheme and is working perfectly, of course with a very good advice by lawyers. And I think that in Cyprus we do have good lwayers. It will help the economy as well.
I have recently done this, I put adverts out to see if there was any private sellers interested (We got a lot of replies) We then viewed and chose the property.
Our Solicitor drew up a Sales Contract that both parties were happy with (This cost around 500euro) and it was all completed in less than 2 weeks.
Hope this helps.
This is something we are very interested in preceeding with, would it be possible to tell us where you placed your adverts?
Hoping you can help...
I am also interested in the scheme
In Cyprus rent to buy is not very usual .
if you do it you have to have a good agreement without have misunderstandings
but if you want to buy properties in Limassol please
press the following link houses/flats for sale in Limassol
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