The Lease Agreement:

The freehold apartments will be leased for 10 years by one of the largest French tour operators. This is a leaseback investment with occupancy offering a net rental yield of 3.30% excl.VAT

WITH OCCUPANCY OPTION

This type of lease agreement is made for those seeking a balanced investment through getting a guaranteed return of 3.30% excl.VAT and 3 weeks occupancy (while 1 week in high season) + 4 weeks bonus during interseason.

Full details are in the brochure.

The Management Company:

The Montgenèvre residence to fall into the leaseback scheme there is a lease agreement that will bind the owner with a selected management company. The one selected for this residence is one of the major management companies in the tourist residence and hotel management. It has been chosen for being renowned for its high management service delivered to its clients.

The MMV (Mer Montagne Vacances) management company works with more than 700 tourist partners with more than 25 years of sound expertise with hotel and tour operating services. They welcome more than 70,000 tourists per annum.

The VAT Refund:

By signing a management agreement for 10 years, the VAT of 19.6% that is included in the purchase price of all new properties in France is fully refundable to the owner by the government following completion of the development. VAT paid within the purchase price of the parking and furniture package will also be refunded.

In this development, the developer will advance the VAT payment for you!

The Stage payments:                                       

Reservation Contract - 5%- Total 5%

Start of construction works – 25% - Total 30%

Flooring of ground floor – 10% - Total 40%

Flooring of 3rd floor – 15% - Total 55%

Completion of the roof – 15% - total 70%

Completion of windows and doors – 10% - total 80%

Start of exterior carpentry – 3.61% - Total 73.61%

Reservation Process:

In order to take a property off the market, a 5% deposit will be requested, based on the total price including VAT. This deposit is fully refundable if you cannot get a mortgage. The funds will be transferred to the notary office in charge of the development and will only become available to the developer upon signing of the final contracts.

Full details of the buying process and the relevant parties involved will be sent to you upon request.