View Single Post
  #26  
Old 31-05-2008, 07:09 AM
Davep Davep is offline
Active Member
 
Join Date: May 2008
Posts: 7
Smile

Hi,
I took this piece from the website of frenchtree.com. I think it is a fair explanation of leaseback. I am sorry I do not know the french term for them. There are very simple reasons I do not consider them suitable for myself. Mainly , I wanted a home there. I also wanted to go to my house when I wanted and not pre booked a year in advance. I am not very sure of the guaranteed rental return. I feel that it might not be possible to pay out due to lower occupancy that quoted. The fact that it is for 9 years, for me a long time. I also would like to get first hand information on the resale problems within that period. And finally I think that the property will always be classified as "Maison du vacances" and not suitable for long term residence or retirement.
Dave

Leaseback – what’s in it for the buyer? from FrenchEntrée.com

Last edited by totallyproperty; 31-05-2008 at 07:22 AM. Reason: copyright
Reply With Quote