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Frequently Asked Questions
Can you give us an example of the way the option to purchase works?
How the Arizun Scheme could work for Joe and Marie (example only):

Joe and Marie enter the Arizun Scheme and avail of the opportunity to purchase their home in the future.

The market value of the property at the time they entered the Scheme is €200,000. 

In Year 6 of their lease, they decide to exercise their option to purchase the property. The market value of the property has now risen to €300,000. As such, the property has appreciated in value over this period by €100,000. The price payable by Joe and Marie is calculated as follows:

 Market value at date option is exercised  €300,000
 Market value of property at date option was granted  €200,000
 Appreciated in value  €100,000
 Joe and Marie’s share of capital appreciation (in this example)
To be used as a deposit for the purchase of their home
 Joe and Marie’s purchase price  €260,000

Joe and Marie can therefore purchase their home for €260,000 because they have their €40,000 share of the capital appreciation as a deposit.
What happens if I want to leave the property?
The Scheme is flexible. You may leave the property at any time during the 20 year lease period, subject to a standard notice period.
How much rent will I have to pay every month?
Your lease will have market rents specific to your property and your area and will be adjusted every two years in line with the Privately Owned Rent Index component of the Consumer Price Index Rental Sub-Indices. Rent is payable monthly in advance. You will be advised of the exact initial rent you will pay when you join the scheme.
Will I have to pay a deposit if I join the scheme?
Yes, you pay a lease deposit equivalent to one month’s rent, unless you are on the MTR Programme.
What if two people sign the Lease and Purchase option and one leaves?
The option to purchase is linked to the tenant(s) leasing the property, therefore the remaining occupant can continue with the option.
Are there any related legal fees with regard to signing the lease and who is liable for them?
We do not charge any legal fees, however you will be responsible for paying your own legal / third party costs.
The Arizun Mortgage Debt Resolution Scheme can only be applied to an individual home once the Arizun Funds have acquired a portfolio of mortgages from a European financial institution which includes the mortgage currently held over the individual home. Arizun cannot guarantee that any individual home or homeowner will be allowed access to the Arizun Mortgage Debt Resolution Scheme, but if you like our programme let us and your bank know about your interest.