Hey,
With the leaseback opportunity, everything look so easy, just to sign a paper and that's it.
Any real disadvantage of that form of investment?
Just wondering if some of you had experienced any problem with their developper, renting cie, quality of the building.. etc etc.
Thanks
I have a leaseback apartment near Geneva, I know others on this Forum are owners there also but has anyone else had dealings at different places with the developers or management companies who use the following names :- MS Promotion, Pro Gi-Maures, Axal Corporate, Sarl JLC, or either of the people named in the title (M.Joclas or M. Allois)?
Have just paid deposit on 3 bed in Phase 2 of this development beside Lake Lacanau - price E287,316 (incl. VAT). Marketed by Springvale Overseas Properties, based in Ranelagh, who informed us that there would be no difficulty breaking the Lease after the initial 9 yr period or earlier if we wish, although a portion of the VAT would be repayable.
Has anyone had any dealings with MGM Leasebacks in the Alps. I have looked into them and find them very nice, BUT.
On looking more closely its not an 11 year lease but a 18 year lease and they can give any clue what happens after that time. Has anyone else had this with this company?
And also has anyone tried to seel a leaseback before.
Andy1234517
As I am new to French Leaseback investment, I did a lot of net research to find out more about this type of investment. However, it seems that a lot of people are not happy with the investment they have made, mainly due to problems with the leasing company, or false promises or taxes. I am a bit converned about this and I hope that I am wrong to think so because the investment seems quite interesting and exciting.
I am new to French Leaseback, however I am very interested in investing in a property in France for investment purpose. Can anyone tell me if the French Alps properties offer a sound investment? Also, which are the best French Alps locations - any one who knows the area well who can give me some pointers?
Thanks and look forward to get some feedback.
Paul
New to forum & was reviewing past posts last night and saw various references to GIFI, thought must investigate further. Opened post this morning and my Notaire has sent me a letter in English emphasising how important it is to return 'enclosed fiscal kit' for 'GEFI Company immediately'. It is in French; I have no idea what it is, I assume from reviewing past posts that it is to do with VAT reclaim (which developer. is meant to give to me on receipt of last payment).
I am interested in buying through the leaseback scheme with a view to getting on to the French property ladder then selling up when the lease finishes to buy something where we can spend more time. Is it easy to seell when the lease finishes? Is it better to renew the lease then sell? Also, I can only find new leaseback developments - is there a site where individuals can sell their leasebacks for whatever reason? Thanks
I am an owner of an apartment near the Swiss border. Neither I nor many
other owners with whom I am in contact, have been paid rent for the last
two quarters and some are even owed money from last year, since some
quarterly payments were not paid in full.
Despite an association meeting and delivery of registered letters, the
owner is not paying any rent to those of us who are not French or
resident in France, despite repeated reassurances.
Can anyone advise on the legal route I can take? Any recommended
lawyers?
Thank you,
Have been shown this leaseback property; looks interesting but have no experience with leaseback and am a bit reluctant. Does anyone know of this development (near Avignon) and have any comments? they tell me that people buy these kind of properties without seeing them; surprises me.
thanks for the feedback.
Patrick
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