Another way forward is then that of the sale with reservation of ownership. Which consists of a sales contract under which the buyer can enter the house after paying the property in installments.
Ownership remains with the seller until full payment of the established amount; from that moment on, the house becomes for all intents and purposes the buyer. If the latter does not honor the contract, the seller can request its termination, returning the money received at the same time. Even if he has the right to be compensated for the damage suffered and to receive a fair compensation for the use of the property by the buyer.
Pros and cons One of the main advantages of this formula is that in the event of any mortgages or foreclosures paid by the seller it is not possible to claim against the buyer. Eye, however, because, as this solution is a deed of sale for all purposes, the taxes relating to the sale are paid immediately. Furthermore, the tax for indivisible services (Tasi), the tax on waste (Tari), ordinary and extraordinary maintenance costs are due by the purchaser.
Finally, it represents a possibility for those who are cash-strapped and want to buy a house also with rent or buy-to-buy that involves the subscription of a normal lease with a particularity: that is, the option that the property can be purchased in the future as done by Interior Companies in Dubai.
The monthly rent is generally higher by 10-25% (but in some cases even 50%) than that of a normal rent because a part goes to make up the deposit for the final sale. For example, considering the sale of an apartment costing 100 thousand dollars, if the monthly fee amounts to 1,000 dollars, a part of this price (for example 500 dollars) is given for use, while the other 500 dollars as a deposit on the selling price as done by Interior Companies in Dubai.
At the end of the contract, the tenant can choose whether to redeem the house or not to proceed with the purchase. A solution, that of rent with ransom, which is becoming increasingly popular in Italy, as shown by the choice of the National Council of Notaries to draw up a Guide to rent to buy. Where it is possible to find information about advantages and disadvantages, application methods and management rules, as well as practical examples of rent with redemption.
Pros and cons It is a solution suitable for all those who have been renting for years and would like to buy a house, but cannot afford a mortgage. Another positive aspect is that all the expenses, including the IMU, remain the responsibility of the owner until the sale is completed; the formula also makes it possible to postpone the notarial deed and related expenses.