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What is scheduled purchase

The planned purchase has features in common with the purchase with purchase option or rent with purchase option. The planned purchase is a formula devised by real estate agencies and therefore there is no precise discipline established by the legislator, but in any case it is a combination of formulas that still finds legal protection.

The first thing to say is that the various agencies can offer partially different formulas, precisely because there is no law. This formula was also created to help those who want to buy a house , are solvent, but are unable to obtain a first home loan because they cannot pay the advance on the sale price. It also aims to support those who want to sell, but fail because the real estate market is undergoing the crisis period

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How scheduled buying works

In the planned purchase it is possible to immediately go and live in the property and consequently there is immediate availability. To complete the deed, the buyer and the seller go to the notary to enter into a preliminary sales contract .

At this stage the buyer pays a share of the price, at least 10% is recommended (for the loan the bank usually requires at least 20%), the same can be considered as an advance on the price or a confirmatory deposit . The preliminary sales contract is recorded and transcribed so it is enforceable against third parties.

From this moment the tenant / future owner will be able to start living in the property and pay a monthly fee which, however, will be fully deducted from the final price of the property. This is an important difference from buying with redemption. Another important difference with respect to the previously seen contract is the fact that the contract is valid for 36 months , ie three years.

This is an effect derived from the fact that the law does not regulate the scheduled purchase contract in a timely manner and consequently reference must be made to the civil code which provides for the validity of the transcription of the documents in the register for a maximum of 3 years.