Is Leaseback the same as Timeshare?
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| Absolutely not! When timeshare is purchased, all
you get are specific periods of time to use at certain
locations over a set number of years. Once the term comes to
an end, you are left with nothing. When you purchase a
Leaseback property, you are the actual freehold owner of the
property who has simply entered into a lease agreement with a
management company. In essence, the management company is your
tenant for the duration of the leaseback contract. Upon
completion of the leaseback agreement, the property is yours
to do with as you wish. The only similarity is that during the
lease, you can only use the property during specific
timeframes. |
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What happens if I have to sell the property
before the end of the Leaseback term?
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| As freehold owner, it is your right to sell it
at any time. It is important to consider, however, that you
would be obliged to sell the property with the remainder of
the Lease term, and whatever period remaining on the lease
should be reflected in the sale price. In addition, selling
before the end of the lease agreement means that a proportion
of the VAT discount must be refunded to the Government (1/20th
of VAT for every year before 20 years). |
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Who maintains and takes care of the utilities
for my property during the Leaseback period?
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| The management company looks after all the
properties in the development. Because of the strictly
enforced standards required by the government, all properties
and their grounds must be maintained in perfect order. The
management company is also responsible for paying all the
utility, upkeep, and general maintenance bills of the property
during the term. |
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Why is there a discount on the purchase
price?
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| The French government invented the Leaseback
program, which gives tax breaks to developers in order to
encourage them to build 'Residence de Tourisme' developments.
This discount (VAT refund) is then redistributed to purchasers
as an incentive to attract investors. This program was created
because of the high importance tourism holds in the French
economy. Today, there is a great shortage of summer holiday
accommodation and France earns a significant amount of its GNP
from tourism – as the number one tourist destination in the
world. |
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Am I able to live in my own property when I
book my holiday time, and what about off seasons?
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| As long as you have booked on time, you will
most certainly be able to live in your own property. If you
are late in booking, however, you may have to take
accomodation in a similar property. Keep in mind, however,
that the management company always accomodates the owners.
Your property is also available during off seasons, but a
small fee may be charged or discount given on the public
rental price from the management company. |
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What happens if I can't use or wish to use
more than my allocated weeks?
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| If you can’t use your specified weeks, it is
quite common for owners to sub-let their property, although
this type of arrangement must be done privately. Be aware -
some leases restrict this. If you desire to use more weeks
than what is normally alotted, it is common practice for the
management company to offer a discounted rate on any extra
weeks you may require. |
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How is the rental income guaranteed?
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| The rental income is guaranteed by the
management company throughout the leaseback period and is
usually paid quarterly in arrears (this may vary by contract).
The management companies are established, usually very large
holiday accomodation companies with a substantial numbers of
clients, assets, and a strong portfolio. |
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What happens at the end of the Leaseback
period?
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| Again, as freehold owner of the property, the
property is yours to do with as you wish. Sell it or negotiate
a new lease with the management company, if you decide to live
in this property full time we do advise to verify with your
advisor before to process, as some companies may accept it and
some may not. |
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Is it possible that I would get a higher
rental return if I bought the property outright and rented?
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| Generally yes, but there are five important
points to consider. First, your rental income would not be
guaranteed, so you would be subject to all fluctuations in the
accomodation market. Second, if you decide to find and use
your own management company, you will find that the normal
charge for services can be up to 25% of all your rentals.
Third, you will be responsible for all advertising costs to
attract renters, maintenance bills, pool cleaning, gardening,
utility bills, cleaning, changeover costs, and property
emergencies. Fourth, classic properties have purchase costs of
approximately 10% including stamp duties, legal and mortgage
fees, etc., whereas Leaseback purchase costs are only about 4
to 5%. And fifth, classic properties must be furnished and are
likely to require renovation before rental is possible. With
Leaseback all properties are furnished and either brand new or
recently renovated. |
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How much cash would I need upfront in order
to buy a Leaseback, as opposed to a Classic property?
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| With a leaseback you are looking at a 20 to 30%
downpayment of TTC plus 3% cost of acquisition : a rough total
of 23 to 33% of the TTC price, or 7 to 17% if the VAT is
deducted at the time of purchase (rather than later refund).
With a classic property you can count on a 20 to 30% deposit,
10% cost of acquisition, 5 to 15% renovation costs (kitchen,
bathroom, etc.), and 5 to 10% for furnishings: a grand total
of 40 to 65% of the purchase price. |
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Does my upload file have a size limit?
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| Note Maximum file size is 3MB. That may
mean very little to some of you. But as a rough guide, if you
have a digital camera it probably has a mark on it indicating
the maximum picture size it can handle. e.g. 3 megapixel. This
is the same as saying 3 MB (unabreviated 3 megabyte). Unless
you take photography very seriously you are likely to take
pictures using the 2 MB or 1MB setting. If you take a picture
with your camera set at 2MB, the resultant image file is not
2MB large - it will be less than 2MB - on average even less
than 1MB. So for the majority of you you need not ever worry
about exceeding the max file size. If in doubt just try to
load it. If our system cannot load your file you will be given
a reason. |
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Why can't I login?
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You may have forgotton your password or do not
have your cookies enabled. If you have forgotten your password
click on the "forgotten password" link to request a new one.
To see if you have cookies enabled on your browser follow the
instruction below.
If you are using Internet Explorer:
Go to the Tools/Internet Option. Then click on Security, now
click on the custom button. Scroll down to Cookies and check
to see if they are enabled.
If you are using Netscape
Navigator: From the Edit menu, choose Preferences. Click the
Advanced category. Click the radio buttons. "Accept all
cookies". |
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How long will it take to upload my file?
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Let's imagine you have a file of size 1MB . If
you access the internet using a normal telephone line then in
theory your line will typically have a max download "speed" of
56Kb/sec (56 Kilobits per second) and a max upload speed of
33.6Kb/sec. It is the upload speed that dictates how long your
file will take to load. In practice due to many factors (e.g.
other users using the line, noise on the line etc) your line
will likely operate at an average upload speed of 15Kb/sec
which means your 1MB file will take roughly 8 minutes to
upload. So be wary of loading a large file if you are using a
telephone line. If you know how to reduce the size of your
file then do so. If you have scanned a photograph then please
read the scanner
topic. If you use ADSL or IDSN your upload speed will be
considerably faster e.g if you use an ADSL line then your
upload speed due to many factors (e.g. other users sharing
your line) will likely be in the region of 128Kb-256Kb/sec. So
as a rough guidline you will be able to upload the same file
in one tenth of the time.
Boop will display a progress
bar showing you the progress of your upload and it will
estimate how long your file will take to load, so you can
always be assured that something is happening. |
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Why can't I register?
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You may have forgotton your password or do not
have your cookies enabled. If you have forgotten your password
click on the "forgotten password" link to request a new one.
To see if you have cookies enabled on your browser follow the
instruction below.
If you are using Internet Explorer:
Go to the Tools/Internet Option. Then click on Security, now
click on the custom button. Scroll down to Cookies and check
to see if they are enabled.
If you are using Netscape
Navigator: From the Edit menu, choose Preferences. Click the
Advanced category. Click the radio buttons. "Accept all
cookies". |
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I have a scanner - What file type and
resolution do you recommend I use?
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A standard photograph scanned at 300 d.p.i. will
produce a large file which may take several minutes to upload
to our site (depending on the speed of your web connection).
This will work. But a picture scanned at 100 d.p.i. will
require a much smaller file and consequently will load much
faster. It would be difficult for the human eye to tell the
difference between the resulting pictures on the site. If you
have the option then save your file as jpg or jpeg. If you
have to save your file as tif then save it at 100 d.p.i.
The tif file must be uncompressed. |
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How do I get a picture?
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You have several options:
· Digital camera -
a digital camera lets you take a picture of your item and
immediately have it in digital format, ready to transfer
directly to or edit with your computer. Your digital camera
will come with instructions on how to transfer (upload) photos
to your computer.
· Normal camera and scanner - take a
picture with a film camera, have it developed, and then use a
scanner to convert your picture into an electronic image.
· Film-to-digital-image service - you can get digital
images made from your rolls of film. Most photo processors
will also provide this service. Just ask for a copy of your
photographs on CD.
·Mobile phone - many mobile phones now
have the technology to take photos. Your telephone will come
with instructions on how to transfer (upload) photos to your
computer.
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How do I make my text look better?
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You can use html to format your text. We
will detail a few examples to make your advert more
effective:
If you want to insert a new line then use
<br>
e.g. first line<br>second line<br>
or
first line<br>
second line<br> will
look like:
first line
second line
If you want to make
text darker then use <b> before your text and </b>
after your text.
e.g. first
<b>line</b><br>
second
line<br>
will look like:
first
line
second line
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How do I enable cookies?
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How to activate cookies in Internet Explorer 5 or
earlier
- On the desktop of your computer, go to the Control
Panel. Find the Internet Options icon and double click it.
If you are not sure how to get to your Control Panel you can
click your Windows start button, go to settings and choose
Control Panel.
- A new screen will appear. Click on the Security tab then
click on the Custom Level button.
- Another new screen will appear. Scroll down until you
see the area which says Cookies. Make sure you have both
sections set to Enable cookies.
How to activate cookies in Internet Explorer
6/XP
- On the desktop of your computer, go to the Control
Panel. Find the Internet Options icon and double click it.
If you are not sure how to get to your Control Panel you can
click your Windows start button, go to settings and choose
Control Panel.
- A new screen will appear. Click the Privacy tab. You
should either see a slider similar to the one pictured
below, or the word custom (if you see the word custom,
follow the instructions for advanced users instead).
- By default, this should be set to medium, if it is all
the way at the top, move it down until the word medium is
displayed, as this is the highest level which will allow the
ezboard login cookie to work properly. Click OK, close all
your open IE6 windows, and restart IE.
Instructions for advanced Users
- If you have not followed steps 1-2 above, do so now.
Click the Advanced... button.
- Check Override automatic cookie handling and select
Accept under both "First party Cookies" and "Third party
Cookies." Also, Check "Always allow session cookies."
- Click OK out of internet options - close all your open
IE6 windows, and restart IE.
Alternate instructions for those who require the
medium-high or high privacy options
- In the Privacy tab, click Edit... in the Web Sites
section.
- In The Address of Web Site box, type in
http://www.boop.co.uk then click Allow. This will enable all
servers in the ezboard.com domain to set and read cookies
unless you have the privacy settings explicitly set to block
or allow all cookies.
- Click OK out of Internet Options – close all your open
IE6 windows, and restart IE.
How to activate cookies in Netscape
- Launch your Netscape program. On the toolbar go to Edit
then choose Preferences.
- A new screen will appear. Click on the Advanced tab,
then look under the Cookies area to make sure you have
Accept all Cookies enabled.
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How long will it take to upload my file?
|
Let's imagine you have a file of size 1MB . If
you access the internet using a normal telephone line then in
theory your line will typically have a max download "speed" of
56Kb/sec (56 Kilobits per second) and a max upload speed of
33.6Kb/sec. It is the upload speed that dictates how long your
file will take to load. In practice due to many factors (e.g.
other users using the line, noise on the line etc) your line
will likely operate at an average upload speed of 15Kb/sec
which means your 1MB file will take roughly 8 minutes to
upload. So be wary of loading a large file if you are using a
telephone line. If you know how to reduce the size of your
file then do so. If you have scanned a photograph then please
read the scanner
topic. If you use ADSL or IDSN your upload speed will be
considerably faster e.g if you use an ADSL line then your
upload speed due to many factors (e.g. other users sharing
your line) will likely be in the region of 128Kb-256Kb/sec. So
as a rough guidline you will be able to upload the same file
in one tenth of the time.
Boop will display a progress
bar showing you the progress of your upload and it will
estimate how long your file will take to load, so you can
always be assured that something is happening. |
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to top |
<
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