Leaseback - flavour of the month?
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We are seeing tremendous interest in Leasebacks on our site. These are investment vehicles and gives a fair return with the attraction of potential capital gains. French leaseback details
But please check if you want to live in the property at the end of the leasehold period whether there is the possibility of full time reversion. Many remain with the classification of a Residence Tourisme.
Every leaseback plan is different and so you should check the contract carefully.
Popularity: 11% [?]
Stumble it!French leaseback property is particularly popular with Brits who are investing in ski resorts, one expert has claimed.Ewan McGarrie, chief executive of Property Investment.co.uk, said that the scheme was becoming increasingly attractive to those who were buying on the slopes - particularly in France.Guaranteed rental incomeFrench leaseback provides the owner.....click title for details
Many people who are hoping to buy property to let are not aware that French Leasebacks could earn them even more money. Leaseback is a scheme introduced by the French government where anyone can purchase a holiday home or overseas investment property and cover a lot or all of the.....click title for details
Steve Egab said,
December 20, 2004 @ 2:06 pm
Does this mean that you potentiallyhave to do another lease back at the end of the 9 years
site admin said,
December 20, 2004 @ 6:00 pm
Each Leaseback development contract can have different terms. It is true some developments have a 20 year “residence tourisme” with the management/rental company having an option of 20 years. You need to check the terms of each development. Get legal advice!