Leaseback Investment Property

In France the scheme is known as LMP or LMNP: Loueur Meuble Professionnel or Non Professionnel.
The Leaseback scheme was created initially for French investors, and the leaseback market is still predominantly French. However, the nationwide success of the scheme attracts investors from beyond French borders. For buyers from other countries, investing where “locals” buy, offers serious guaranty about this market.
Non-residents benefit from the same advantages as French residents, there is no restriction at all.
Leaseback has nothing to do with Time-Share. You buy a freehold investment property, offering long-term rental guarantees and no condominium neither management charges.
You buy a fully furnished property developed for holiday purposes and grant a management company the right to lease it for a minimum of 9 years. The owner receives a guaranteed rental income net of tax and gets the possibility to use it himself and his family on a short or long-term bases.

Take advantage of its numerous benefits!

→ VAT refund

As an incentive, the French Tax Administration refunds the 19.6% VAT that is placed on all new property in France. French banks usually lend up to 80% of the balance and any top-up can be raised locally to 100%.

→ Non-taxable rental income

The rental income is free of tax for about 20 years.
Due to generous tax incentives, including writing down of interest on loan fully, closing costs, land tax etc. as well as a depreciation of the furniture cost and the actual property cost, against income.

→ Full rental and management

Owning a leaseback is so hassle-free that you can almost forget you own it!
Odalys will take care of everything. In addition, the non-taxable rental income is also net of running cost, maintenance, repairs, condominium expenses and management fees: a very reliable complement to a pension fund.

→ Flexibility

The property is freehold and can be sold at any time.

A “hassle free” secondary home?

Most of the non-resident owners of a pure secondary home in France that experienced the difficulties to simply enjoy their holidays in their dreamed French properties will understand what we mean by “hassle free”.
The property being fully managed by Odalys, all you need to consider when arriving into your property is …. relaxing!

ODALYS Real Estate has lately come up with the new concept of Lease contract. Its name is: “On-Demand”. It could not be clearer…no matter you are seeking a pure investment with up to 5,4% net yield or an investment with personal occupancy from 1 week up to several months a year, the “On-Demand” lease contract is just a pure brand new custom-made leaseback option to fit every investor's need.
The rental income will simply vary according to the length of your stay.

Tourism is the largest industry and biggest earner of foreign exchange in France and it is precisely why financial advisors in France offer this type of property with the constitution of high-quality property assets, with custom-made and tax-free returns associated if requested, to a holiday home.