General Discussion

Switching leaseback companies

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Having just joined the Forum I have a new slant on an old issue re Not getting Rental Payment from the management company

Like others I have issues with the management company not paying the rent. There is a clause in my contract ( which presumably all leasebacks have) that I can give notice to the mgmt company and if the rent is still not forthcoming then the contract with that leaseback company is ended. My concern is that this is what the builder & anagement company want me to do as it free's them from a 9 year rental payment which was obviously part of the deal.

Furniture Packs

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General Discussion

Can somebody please enlighten me as to how the cost of these is calculated and what the pack actually includes with regard to bathroom fittings, lights etc.

What is a typical furniture pack price for a 1 bed or studio appt?

Is the furniture pack price calculated to be renewed every 3 years so you actually only get 1/3 of the total pack price to start off with?

What happens if you get a 5K furniture pack when you have been quoted 16K?

UK Tax Return

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General Discussion

Accountants in France fill in a tax return for me etc to do with my leaseback property but now my UK accountant wants details of my leaseback for my UK tax return. Is this necessary given there is no tax to account for in the UK anyway

Vievola - SCI Du Golf - TENDE

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General Discussion

If anybody has invested in this property can you please get in touch.

Paul

CHATEAU LOCQUERAN, Plouhinec, Brittany

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General Discussion

Hi, anybody owes apartment in this chateau? We would like to make contact with other owners. Just if we need to discuss our management company.... We are going to visit the place in September. loooking forward to it. anybody been there??

Thanks

changing use periods for ski season

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General Discussion

Has anyone experienced the management company adding an additional high season week into the calendar and also putting it in a month that had always previously been mid- season. This has just happened to me and means we now can't use our apartment at Easter! Any advice please?

New Fees for Owners- DPE + ERNT

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General Discussion

Got a letter today from my management company claiming I must pay new fees to cover DPE (Diagnostic de Performance Energetique) and ERNT (Etat des Risques Naturels et Technologies).

Bottom line is that 150 euros will be deducted from my rent this year + 55 euros every time the tenant changes.

My appartment is let to students and business types so I can expect several new tenants each year.

Has anybody heard of these new climate taxes?

Shouldn't they be levied at building level rather than at individual apartments?

Is this a reasonable deal?

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General Discussion

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Just hesitating over the numbers a bit before committing to a leaseback (Orelle) over the numbers.

UK tax on leaseback rental income

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General Discussion

I think I understand the position on French tax on rental income for UK domiciled people. But as I understand it you also have to declare income from other countries in your UK tax return and presumably pay at 40% if appropriate. I know you can offset tax paid in france but can you also offset mortgage interest payments and other expenses?

I want to know if the leaseback

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General Discussion

Im very interested in the leaseback scheme but i would like to know if the scheme is as good as it looks.

If i buy a property for £100,000 and i get guaranteed rentals giving me a return of 4.5% for 9 years, am i right in saying that each year i will receive £4500? and the maintence costs are covered?

I am struggling to find out a non bias explination of how the system breaks down.

I am hoping that the scheme will allow me to purchase a property long term with a significant rental income towards the mortgage.

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