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What is bare property

Posted by Emporda Immo on 04/03/2020
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Nuda propiedad

How many ways do you know of accessing a home? Rent a house? To buy a floor? They are typical forms of common use, but not the only ones. In this article from Emporda Immo we will talk about buying houses through bare ownership and how it is entering our real estate market with force.

Naked property is that right of a person over a thing in which his relationship with him is to be alone and only owner.

As the owner, you have the domain over the thing, but you do not have possession because it has been assigned through a real right called usufruct.

 

What is the sale of a house based on bare ownership?

Generally the sale of a house through this formula is characterized in that the seller remains in usufruct of the house sold until he determines the signed contract.

Generally, this purchase option satisfies a sector of the population that does not have sufficient income to pay for their daily life, but has a house owned and, in turn, another sector of the population that is in no hurry to move into the house bought or, opts for this style of sale focusing it on real estate investment.

 

How the sale of a house by bare property works.

The system of selling a house by bare ownership is very simple. It is based on the fact that the buyer pays a value for the home, generally out of the market and agrees to pay a monthly rent to the person who remains in usufruct.

The most common is to find sales proposals for houses and apartments below up to 75% of their market price followed by a monthly life rent to the seller of between € 600 and € 900.

 

Rights and obligations of the sale of a house by bare property of the seller.

The seller of a house for bare property has the right to:

  • Receive the payment of the agreed sale instantly.
  • Rent the house.
  • Make usufruct of the house until the pre-agreed end of the bare property.

The seller of a house for bare property has the obligation to:

  • Pay for housing supplies.
  • Pay community fees.

The bare owner of a house sold by bare ownership is entitled to:

  • Sell the right of ownership of the house.
  • Recover the house in good condition after the end of the usufruct.

The bare owner of a house sold by bare ownership has the obligation to:

  • To assume the costs of the repairs that the house needs.
  • Do not disturb the life of the usufructuary.
  • Taxes on the purchased house (IBI, garbage fees).
  • Community spills.
  • Expenses of the purchase / sale operation.

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