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.
Hi, I saw a discussion chain from early last year talking about issues around TVA repayment and potential for status as para hotelier to avoid TVA repayment. Does anyone have some up to date experience in regard to leaseback termination and options that are available?. Equally, has anyone dealt with tax authority to see what flexibility is available to owners in management default situations?
Thanks
I have been told that MGM/CGH are now introducing penalty clauses into their leases whereby if you don't renew at the end of the 11 years (where the "loi montagne" requires 18 year leases) you have to pay the equivalent of 2 years rental turnover in compensation to CGH .
Hi,
I’ve received a 4 page form titled Revenus 2010... with a detailed booklet of notes (probably in relation to completing the form), and a leaflet regarding 2011 Revenue. I’ve emailed the sender, requesting advice/translation into English if possible. Just thought I’d check and see if anybody else has received this, and can understand French? It’s possible that only a few sections may need to be completed.
Thanks,
Tuulia
has anyone got experience of life assurance misselling,which was a condition of there french mortgage?
Any replies appreciated!
John
Has anyone ever attended an Assemblee Generale.I presume all business is conducted in French.Do many overseas owners actually attend.I just wondered as I am considering attending one next month,just to make contact with some other owners in my development.
Hi all,
I came across this article
If its true and applies to leasebacks it would not be good news
expenses benefits
By Craig McGinty on Apr 4, 2011.
Owners were allowed to deduct expenses such as mortgage interest, cleaning, agent commission, utilities, business rates, insurance and any improvements and furnishings from their rental income.
Hi, Due to the leaseback management company going into receivership and not getting rent I am having to consider defaulting on a French mortgage. Does anyone know if the French mortgage lender can persue you in the Uk and if so can they enforce you to sell a uk property with a uk lender? Also have another French mortgage with a different french bank can they touch this? A bad situation but finding it hard to get answers.thanks
Paul
English
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