I have a friend prepared to take over the lease (subject to mortgage) and to continue with the same terms. Do I need the management companies permission or do I just somehow formally notify them (via Notaire?).
BTW the lease has just ticked over the initial 9 years. Neither the management company nor myself have made any representations as to the next step. Is this significant? Will this cause any complications?
I am told that to stimulate the market in France the government introduced additional incentives for French investors to buy leaseback whereby they could offset all rental income and mortgage against their tax bill.
I am not sure of details but would welcome any advice as I am considering trying to sell two leasebacks.
Catherine
Recently our management company advised that if we are late paying the maintenance charges that they will add penalties which are very significant. They also passed a resolution at the AGM that stated that they could seize overdue payments for the rent cheques.
Does anyone know if this is legal.
Also can anyone advise if we are entitled to charge interest where rent due is late
Catherine
Hi All.
I have read all the negative stories about leasebacks on this forum and I sympathise with anybody who has found themselves in difficulty with a leaseback property.I bought 2 different leaseback properties in 2005 (different management companies etc,) and thankfully both are functioning as they should.The rent is covering capital mortgages on both properties.Just wondering what people think, would I be crazy to consider a 3rd leaseback?
Does anyone know the procedure for writing a french will for property owned by UK residents?.
I have just rewritten my UK will and found that the french property does not fall under the jurisdiction of it and I was advised to write a will specific for my Antibes property.
Hi forum
I have a property up for sale which is a leaseback and I am selling it as
'classic' apartment. I know I will have to pay the VAT back after sale. Does
anyone know how sales are dealt with in France..ie Does the seller use same
Notaire as buyer? Are their any fees when selling? any helpful advice from
anyone who done same...thanks in advance
Who receives or collects and keeps the 55.% & 19.6% (assume this is VAT)
on the rental?
I have property with parking which is 100% leased out as I have no
personal usage. I receive the 5% rental from the management company
which amounts to 5352 euros as per the bail de commersial. They have
this year for the first time, sent me an annual statement quoting:
Loyer TTC 6340 euro;
Loyer HT (5.5%) 5519 euro;
Loyer HT (19.6%) 433 euro;
TVA @5.5%303 euro;
TVA @19.6% 85 euro:
Hi,
Can anybody recommend an English-speaking French lawyer who specialises in Leaseback issues? I've been trying to get in touch with the two mentioned on this site (Fabien and Bertrand) but no joy.
Thanks.
Good morning,
Please be aware that the deadline for filing a claim in L'Atrium's Receivership proceedings is, for overseas-based investors, 2 February 2010.
Claims should be submitted, by registered mail (with a receipt for the addressee to sign), to:
Liliane Vinceneux
Mandataire Judiciaire
5 rue du Prieure BP 28027
31080 Toulouse Cedex 6
France
Beyond that date, all claims for debts that have arisen before 17 September 2009 will be time-barred.
http://www.solicitor.fr
Regards,
cordiez
Hi
In relation to the voting rights at the annual meeting of the syndic de copropietaires..... does it work the same as in a normal residential building where anyone with a surplus of votes over 50% must allocate them to the other owners?
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