Leaseback checklist

Make sure you understand the Leaseback scheme and conditions - it is primarily an investment, and not a "home".

What is written into the lease agreement after the first nine years?

What are the terms of the renewal or cancellation?

Is the renewal automatic and will you have to pay a penalty if you do not renew it?

How much does the management company charge for upkeep of the property?

Are there any penalties, either in the purchase or the leasing contract if you want to sell?

Are you free to sell to whomever you chose and free to advertise the sale openly?

What happens if the management company goes into liquidation?

Can another company take over the property and if so will you have the same contractual terms?

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We recommend that you take legal advice over the terms and conditions in a Leaseback agreement.

1st for French Property LTD