For many foreigners looking to settle in Spain or invest in a second home, rent-to-own has become a very attractive option. This option offers the possibility of living in a rental property for a specific period of time, with the option to purchase it later under pre-agreed terms. However, like any contract with financial and property implications, it is essential to understand the legal requirements before signing.

Rent-to-own combines two contracts in one: on the one hand, the standard lease agreement; on the other, the tenant’s exclusive right to acquire the property within a specified period and for a fixed or determinable price. This concept is not specifically regulated by a specific law, but it is recognized and accepted in Spanish law, so it is perfectly valid as long as it is properly formalized.

 

One of the most important aspects is to clearly record in writing the future purchase price, the maximum period for exercising the purchase option, and the portion of the rent that will be deducted from the final price. It is also advisable to register the contract with the Property Registry, which provides greater legal security for the tenant.

This option is especially attractive for foreigners looking to buy a home in Torrevieja, as it allows them to experience the area, organize their permanent move, or have more time to process their financing and legal residency in Spain. During the rental period, the buyer can also prepare all the necessary documentation at their leisure, avoiding rush and last-minute surprises.

However, it is essential to have legal advice to avoid unfair or ambiguous clauses that could lead to future conflicts. At A&G Lawyers, specializing in real estate law and advising British and other Europeans in Spain, we draft and review rent-to-own contracts tailored to each situation, ensuring that all rights and obligations are perfectly clear for both parties.

📍Are you considering buying a home in Spain but would prefer to do so with greater peace of mind?

➡️ Schedule an appointment with A&G Lawyers and find out if rent-to-own is the best option for your needs.