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Leaseback Contract And Management CompanyBack to top Back to main Skip to menu
France - Leaseback Contract And Management Company
The lease contract is prepared in advance and will be made available to purchasers at the same time as the reservation contracts for signing.
The lease contract will contain such things as what the property is, how long the lease is to run and how much rental income they will pay you during the course of the lease period.
It will also set out any terms and conditions relating to the owner's use of the property and also what charges the owner will be liable to pay, if any.
In the majority of cases, the property management company will always pay for the general maintenance of the property and its furniture. The property management also pay the bills including electricity, water, gas etc. Again, the exact details of what is paid by whom can be found in the contract and should be checked.
Owners are also liable to pay for major repairs such as structural work, but it is worth pointing out that new properties do come with a 10 year guarantee which covers such work. Owner liability should be checked in the lease contract. During the course of the lease contract, the property management company will let the property to tourists and people wishing to stay in the area and will look after the maintenance of the property.
Owners do not have to worry about finding tenants, handling changeovers or ensuring that the property is maintained.
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