I have a leaseback property 50 / 50 with a colleague. The
leaseback agreement expires October 2013. We are wanting to
sell and have been advertising for around two years with
very little interest. We don't know whether to sit it out
until the agreement ends or try like hell to sell ! Surely
it is tempting for any potential investor to buy now with
only a short time to go on the leaseback ?
hi
I have a french leaseback and received a form entitled in
French Notice of Income tax 2011 from centre des finances
publiques in September. Their is a place for my signiture
at the bottom and states also that Votre situation is 0€.
Should this form be returned to the French tax authirity.
Can anyone advise.
Rgds
John
If one chooses to renew the lease does it have to be on the same terms? Why can't owners renegotiate the terms of the lease and if they can't agree terms either terminate or enter into a lease with another company?
Someone out there must have been through the process of what happens if they don't renew or can't agree renewal terms?
Wonder if anyone can advise? We have a buyer for our French leaseback. The buyer originally had planned to go with the management company but has now decided not too. Our french estate agent has told us that the tax authorities rarely ask for the TVA to be repaid! Is this true?
My French leaseback experience has been an absolute disaster. I no longer trust the management company to continue delivering the agreed rental amounts & am hugely stressed by the whole situation and uncertainty.
My strong preference at this stage is to just take the financial hit & lose what I have already invested and default on the mortgage (nearly 360k) with Credit Immobilieir de France.
hello all I am new to the forum
I did search to see if there was anything about this subject but failed to
find anything.
I am sure I have seen somewhere there was a change in the french law
about companies being able to terminate the contract at the end of 3
years. I know this was not going to retrospective but would like to know if
I am right and if so when the change happened. We are busy comparing
lease contracts in our leaseback community and have found differences.
thanks
Joro
I take on board previous comments regarding long term
investment of leaseback properties. However, due to the
property market crash and the general financial position of
many countries, trying to sell my leaseback before end of
contract has become a nightmare. I have had three enquiries
in the last two years, offering silly amounts of money. I
am advertising with several agents without much success.
Any ideas ?
Hi all.
Have been following this forum for a number of years now.Noticed recently how quiet this site has got. Just wondering if the problems that many people have had ,with leaseback properties, are starting to resolve themselves?
Rasher.
We are trying to sell our Leaseback property. We have it placed with two local agents and have had little or no interest over the last two years ! The Leaseback expires in October 2013. Would it be wiser to sell it then ? cookie
I currently own a house in Massachusetts and bought a second home in Cape Cod about 5 years ago when the market collapsed. I have got it to the point that the Summer renters are paying for my mortgage and about 90% of all expenses. I had to part with the down payment but it has proved to be a great investment.
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