Evictions

Sale with life annuity

Sale with life annuity is the combination of two legal figures – sale and rental – affecting the same property.

This system is often used by elderly people who cannot cover their costs with their pension and need some extra monthly income but do not want to sell their home.

This method enables them to stay in their home and obtain a life annuity to complement their monthly income.

We can advise you on different options.

We also carry out all of the steps needed to formalise this operation, including:

• Information about all of the sale and lease process
• Calculating and managing taxes
• Organising and preparing all of the documentation relating to the sale and lease
• We accompany you to the Notary
• Entry of the sale and lease in the property register
• Obtaining a foreigners’ identification number (NIE)

Purchase lease option

This a way of acquiring ownership by initially leasing the property through a lease agreement with a purchase option for a price and in a period clearly set out in the agreement.