SpainRealEstateBlog.com
Here’s a a few thoughts on how to obtain a property in Spain by tying up some guaranteed rental income with it.
Guaranteed Rental - The Hot Favourite for Overseas Property
Guaranteed rental is often seen as the answer to every overseas buyer’s problems. Indeed it does seem so, but of course, there are things to look out for. On one hand, EyeOnSpain says, “Genuine rental guarantee deals where the numbers stack up offer peace of mind that you do not need to look for tenants or property management companies for the first few years.
”On the other hand, EyeOnSpain also warn, “Read the small print: is the guaranteed rental net or gross? If it is gross, ask what costs and service charges need to be paid. Do you have to buy a specific furniture package (might be a good idea anyway)? Is it a fair price? Are you allowed to use the property yourself, if so for how long?”It’s a matter of commonsense, really.
Do your homework. Get a good lawyer - a Spanish lawyer who speaks English if possible. This will smooth many a rough legal path. Do your own research. Find a good - excellent even - property dealer. Then choose your guaranteed rental carefully.Most of the problems experienced by British people buying guaranteed rental, and indeed, people from any locality, who buy property of any kind in a foreign country, boils down to not doing the proper research, and not preparing properly beforehand.
