Sale & Leaseback
Sell your home and continue to enjoy it as a tenant, thus no loger bearing the costs of being a homeowner.
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What is Guaranteed Rental Sale?
It is a service through which the owner of a property sells the full ownership, but without losing the right to use it. When the sale and purchase is completed 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 with the land registry, providing the new tenants with all the legal guarantees so that they can remain in the property for life (or the agreed period of time).
The seller and buyer become tenant and landlord, respectively at the time the transaction is completed.
What does a Guaranteed Rental Sale entail?
Selling 100% of the property to the buyer and, therefore, receiving payment for the sale at the same time as the Public Deed is formalized before a notary. The sale and purchase of the property is a conventional sale, which is usually carried out with a discount with respect to the market price.
The buyer of the home will become its landlord with immediate effect, and the seller will become a tenant of the property, for which he must pay monthly rent to pay the rent.
Calculation of the Amount to Receive and the Monthly Rental Payment
The economic conditions of the operation are calculated taking into account numerous real estate, actuarial and financial factors, the most important of which are the market value of the property itself and the life expectancy of the beneficiary or beneficiaries, in accordance with the official tables of the Directorate General of Insurance and the National Institute of Statistics.
The amounts are determined based on the market conditions at the time of the operation for a home with characteristics and location similar to the one being sold.
If you want to know all the related information, you can visit our article in which we explain everything you need to know about selling with guaranteed rent.
Market value
It is obtained after carrying out a market study or through an official appraisal.
Lifetime or Temporary Rental
If it is for life, the calculations are made based on the life expectancy of the usufructuary's age, according to the National Institute of Statistics.
Steps to Follow to Make a Sale with Guaranteed Rental
Requirements
There is no prerequisite to be able to complete a sale with guaranteed rent, other than owning a property. Therefore, the value of the property or the age of the current owners does not matter. It is valid even if the property has an outstanding mortgage, as long as the amount received from the sale is enough to pay it off.
Formalization process
1. We meet with the interested party to learn about their preferences and specific needs.
2. We internally analyze your case and present the proposal to you.
3. We look for an investor interested in purchasing the house according to the previously agreed terms.
4. The transaction is completed before a Public Notary and registered with the Land Registry.
Furthermore, after formalization, the usufructuaries have the assistance and the support of equipment Mas Vida during the duration of the contract, since we act as a direct link in any issue or procedure that may arise with the buyer.
Advantages of Sale with Guaranteed Rental
Free formalization expenses
Once the operation is formalized, the seller will only have to pay the Municipal Capital Gains Tax, since the rest of the expenses (notary, Property Registry, Property Transfer Tax and Documented Legal Acts) will be assumed by the buyer.
Legal guarantees
The Sale and Leaseback is an operation that has all the legal guarantees, as both the sale and lease contracts are completed before a Public Notary and registered with the Land Registry.
Higher amount for the sale
The amount received for this service is greater than that received with the sale of the bare property.
Forget about property costs
The tenant will no longer be responsible for certain maintenance costs of the property, such as property tax, extraordinary levies and home insurance.
Liquidity injection
With the Guaranteed Rent, the seller can enjoy a stress free retirement and will receive an injection of liquid cash which will allow freedom from financial burden and enable a more comfortable lifestyle.
Excellent tax treatment
If the transaction is carried out on a property declared as a habitual residence, the seller is exempt from paying taxes for the increase of wealth in the IRPF.
We Offer You a Totally Free Study
We carry out a study and valuation of your property completely free of charge. After closing the operation before a notary, you can use the amount received as you prefer.
Enjoy financial freedom!
Learn about Real Cases of Our Clients
Learn about the experiences of those who have transformed their financial lives with Mas VidaWith many years of experience in the sector and hundreds of satisfied customers, you can completely trust us.
Operations carried out throughout Spain
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Frequently Questions
How many people can contract the product for the same house?
One or two people, as long as they are the owners of the house.
When do you receive the amount of the sale?
At the time of formalizing the product before the notary.
What percentage of the value of the house do you receive?
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.
Is the rent to be paid constant during the duration of the contract?
Yes, although this is updated annually to the CPI.
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Receive a Free Assessment
Ready to take the first step towards a worry-free financial life? Contact us today. Our expert team is here to answer your questions and guide you on the path to a better life.