Just in Cyprus Property For Sale in Paralimni Famagusta

Rent To Buy Property in Cyprus

Welcome to justincyprus.com Cyprus Property, our website features Rent to Buy properties for sale in Cyprus and Paralimni. The listings are for Rent to Buy property for sale in Paralimni, Protaras, Ayia Napa and the Famagusta district.

We make it easy for almost any person / family to own their own property in Cyprus.

You can own your own apartment, bungalow, townhouse or villa.

RENT TO BUY OFFER

The purchaser enters into a Rent to Buy property sales agreement with the seller and agrees to purchase the property at today’s price.

THE FIRST 36 MONTHS OF THE AGREEMENT

During the first 36 months of the property sales agreement the purchaser makes rental payments.

The rental payments are equivalent to 30% of the purchase price of the property.

When the Rent to Buy property sales agreement is signed, the purchaser pays a rental guarantee amount of between €5,000 and €10,000 and the balance of the 30% of the property price is divided into 36 equal monthly rental payments.

AFTER THE FIRST 36 MONTHS RENTAL PERIOD

At the end of the first 36 month period of the agreement the purchaser applies for a mortgage from a bank.  (The mortgage will be 70% of the current value / price of the property.)

The rental payments made over the first 36 month period will be used as a 30% deposit towards the property purchase. (This helps the purchaser to apply for the mortgage.)

As soon as the mortgage is approved and the seller is paid, the property sales contract is lodged and registered with Land Registry.

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