Sell bare ownership in Málaga

Sell your bare ownership in Málaga

 Sell your bare ownership in Málaga and keep a lifetime usufruct with every guarantee. Whether you only own the bare ownership or want to keep the usufruct and sell just the bare ownership so you can stay in the home, we can help you.

We handle the whole process to make it easier for you. Get the highest price for your bare ownership and we'll take care of everything

SELL YOUR BARE OWNERSHIP AND KEEP THE USUFRUCT

Sell your house and keep living in it. To do this, you sell the bare ownership and keep the usufruct. 

You can keep living in the home for the rest of your life and nobody can make you leave. 

You can get a good price and keep enjoying your home.

Sell a flat with usufruct in Málaga

If you have a flat with a usufructuary in Málaga and want to sell it, we explain all the steps needed to do so successfully.

We sell your flat with usufruct in Málaga quickly and easily. We have clients interested in buying flats with usufruct, so we'll pass you a formal offer in a short time and handle the whole process up to the signing before the notary.

Bare ownership

What is bare ownership?

It is a person's right to own an asset with the limitation of not being able to use or enjoy it, since its use and possession belong to a third party (the usufructuary).

What powers does the bare owner have over the asset?

According to Article 489 of the Spanish Civil Code, the bare owner can dispose of it (sell it), but this will not affect the usufruct, which remains in place; as a general rule, the bare owner may not do anything that harms the usufructuary.

How is bare ownership transferred?

As a property right, bare ownership is acquired either through any act between living persons, such as a sale or gift, or on death, through succession.

How is the value of bare ownership calculated?

The value of the bare ownership is calculated by subtracting the value of the usufruct from the total value of the flat; the usufruct value usually depends on the usufructuary's age.

For example:

If a flat is worth €200,000 and the usufructuary is 75, the usufruct is worth 14%. So we subtract 14% from €200,000.

The calculation isn't always exact, though: if the usufructuary is very young, the home may not sell because the buyer couldn't use it for many years, and most investors don't make such long-term investments.

Sell bare ownership

Sell your bare ownership quickly and easily. Once we've studied your case, we'll present you with a formal purchase offer in a short time. We have a large portfolio of buyers interested in buying the bare ownership of homes in Málaga.

What does selling bare ownership mean?

It means transferring only the part of the home that makes up the bare ownership; the usufruct part is not transferred.

Can you sell bare ownership?

Yes, without any problem.

As a general rule, bare ownership is sold for cash, since the buyer needs the usufructuary's permission to mortgage the home.

How is bare ownership sold?

Like any normal sale. Both parties, buyer and seller, must attend the signing before the notary to formalise the deed, and each must pay their own taxes and costs.

Sell bare ownership fast in Málaga

Tell us about your case and we'll take care of everything up to the signing before the notary. We'll assign you an advisor who will be with you throughout the process.

 

Steps to sell the bare ownership of a home in Málaga

1. Request your free advice

2. Tell us about your case

3. We prepare a report

4. We present you with an offer

5. We go with you to the signing before the notary

6. After-sales service for changing utilities and paperwork

Put bare ownership up for sale in Málaga

Sell a flat with usufruct

Get in touch and one of our advisors will advise you and manage the whole process. You can sell your flat with usufruct quickly without having to deal with any paperwork.

Once we have your buyer, our team will handle the process up to the signing before the notary.

Can you sell a flat with usufruct?

Yes, without any problem. In this case the seller transfers only the bare ownership and the usufructuary keeps the usufruct for life.

As a general rule, flats with usufruct are sold for cash, since the buyer needs the usufructuary's permission to mortgage the home.

How do you sell a flat with usufruct?

Like a normal sale, except that only a percentage of the home is transferred, as another percentage belongs to the usufructuary.

If the new owner wants full ownership of the home, they'll have to buy the usufruct or wait until the usufructuary dies.

Sell a flat with lifetime usufruct

Tell us about your case and we'll take care of everything up to the signing before the notary. We'll assign you an advisor who will be with you throughout the process.

Steps to sell a flat with usufruct in Málaga

1. Request your free advice

2. Tell us about your case

3. We prepare a report

4. We present you with an offer

5. We go with you to the signing before the notary

6. After-sales service for changing utilities and paperwork

What is usufruct?

Usufruct is the right to use and enjoy someone else's property.

What rights does usufruct give?

A usufruct gives the right to enjoy another person's property with the obligation to preserve its form and substance, unless the title creating it or the law provides otherwise.

Article 467 of the Spanish Civil Code
The holder of this right is called the usufructuary; the owner cannot use the property because they do not hold the right of usufruct.
The usufructuary can enjoy the property for as long as the usufruct lasts. They cannot dispose of the property itself, but they can dispose of their right of usufruct, rent it out and receive the rent. Under no circumstances can they sell the home (because it isn't theirs), but they can sell their right of usufruct over it. In that case, the buyer acquires the right of usufruct with the same benefits and obligations as the
selling usufructuary.

On the other hand, the holder of ownership of the property subject to usufruct is called the bare owner, who

Example: If a person has the usufruct of a home, they can live in it or even

Features of usufruct

• It is a property right over someone else's property.

• The object of the usufruct does not form part of the usufructuary's assets but of the
  assets of the bare owner.

• It is a right of full enjoyment.

• The usufructuary can enjoy every use of the property subject to usufruct.

• It is a temporary right.

 

 

Put a flat with usufruct up for sale in Málaga