Developers plan to introduce a scheme of Dubai rent-to-own in poiosch potential buyers who do not have the opportunity to buy property in the conditions of growing prices and stringent conditions for issuing mortgages. This is the website of the Property-Wire . Driving rent-to-own, also known as the "lease purchase", it means that the lessee may purchase the leased property at any time. Unlike the mortgage scheme, the potential lessee has the option to terminate the agreement if the decision to purchase has been taken, without any penalty. Such an agreement is made as an option contract that allows the lessee to purchase the property at a fixed price within a specified period. At the same time some part of the amount paid for the lease in this period is to repay the value of the transaction of purchase and sale. The most common price for such a scheme exceeds the average market price, to a tenant has made a certain amount of deposit required for use of the scheme. As noted by Simon Gray, Managing Director of Chesterton MENA, the scheme rent-to-own beneficial for developers, and for property buyers. While the seller receives a potential buyer, and the buyer, in turn, has the opportunity to evaluate the property and living conditions before purchasing. Also, the scheme will bring additional number of buyers on the market, which are so necessary for developers. HomesOverseas.ru
Dubai developers offer scheme rent-to-own
28.08.2014
Homesoverseas.ru editorial office
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