Process :
We always start with a free valuation of your property based on its characteristics, leaseback agreement, financial strength of the tenant, charges…
This market price enables us to determine with you the selling price and start to market your property thanks to the legal selling service contract called “mandat de vente”. ( Please note that the selling of properties by professionals is regulated in France by the “Loi Hoguet”).
When a purchaser is found we write down the selling contract called “compromis de vente”, signed by the buyer and the seller and then transmitted to the notary to register the selling.
How long does it take ?
If the property is at market price, it generally takes 2 to 3 months to find a buyer and 3 more months to accomplish all the paperwork and for the notary to be able to register the selling.
Commission :
Selling a leaseback is far more complicated than selling a traditional property. More time is needed to prepare the selling and more time is also needed to explain the scheme to the investor.
Our commission is thus 9% ex Vat of the market price and is paid by the purchaser as well as notary fees.
Fees paid by the seller :
Property Checks fees : an expertise is to be carried out on the property by a regulated company, usually costing a few hundred Euros, depending on the size of the property.
Syndic fees : the co-ownership management company (syndic) will charge fees for the paperwork to be done to change owner. The amount depends on syndic companies and varies from 200€ up to 450€.
Is VAT to be repaid ?
Since 2006, an addendum to the French financial law has establish that the VAT initially saved by the buyer is not to be repaid under the condition that the property is sold as a leaseback with the existing lease. This is the way we sell leaseback properties.
For a free valuation of your property, first step of the selling process, please feel free to fill in and send us our dedicated leaseback resale form.
QUI SOMMES NOUS ? :
