English
FrançaisGood afternoon
I bought my leaseback in 2008. My lease runs out in 2017. I understand that if I sell before my lease runs out that I will incur a loss.
Has anyone experience of selling their leaseback with a local estate agent to get the best price?
kind regards
Emma
Comments
derekbyrne
Is the p ab v property in
11 August 2016Is the p ab v property in spain or france ?
hotsun
If its in france, you will
14 August 2016If its in france, you will have to pay back vat for unused years of 20 years from when you bought it.
so 20 years, minus the 6 years you have had it, gives
14/20 times 20% of the price you paid for it.
But you are only liable to pay this IF the person who buys it, doesnt take over the lease from P&V, which they will, as without this, there will be a whopping indemnity also to pay P&V for the breach of the lease
You will have to speak to local agenst to see what they say about pricing, valuation etc etc But if you sell to someone who agress to take over the lease, there shoudl be no penalty to pay, .
The company that organises our service charges etc etc, is also an estate agent, and they are always asking us ig anyone wants to sell, try your equivalent?