Selling an apartment when lease has been terminated

2 posts / 0 new
Last post
Selling an apartment when lease has been terminated

Hi, In theory the lease on my apartment will be terminated at the end of March. Has anyone sold an apartment out of lease in Les Deux Alpes or anywhere in the Alpes? Are apartments worth more out of lease?

Thanks
Nick

Hi Nick, I don't have experience of selling in Les Deux Alpes, but my understanding is that unless you have particularly good commercial terms for a leaseback, you get a better price if you sell out of lease. 

I sold my leaseback in Brides-les-Bains (just below Meribel) and the agent told me I absolutely had to get out of my lease in order to sell at a reasonable price. I was stuck in the lease at the time and it was worth negotiating and paying an exit fee to terminate the lease. If you wanted to let the property and sell later, there are various property management companies that could that without tying you in to a long lease. But you may have some VAT to pay back depending on how long you've owned the property. 

Thanks, 

Lolly

You must sign up or login to access more forums.