05 Nov 2011 1:39 AM:
Hi all. Thank you very much for the useful comments. Yes I am looking for long terms rentals. Faro you have raised some interesting issues and Mariacastro thank you for providing the legal angle. I can totally understand that co ownership will not appeal to everybody but for some of us the option is bw default and risk of loosing the property or go into a partnership. Here is what I am offering just in case somebody does get interested.
The current mortgage on the property is 150,000. The apartment is in Vera Al Andalussa Thalassa which is a high quality development. Its a gated community with full securtiy day and night. The community areas are always in perfect condition. It has large balconys both sides and also has wheel chair access and we are very lucky to have an excellent community and leadership. It has two outdoor and one all weather swimming pools and sauna and gym. In return for 70,0000 euro investment you get the following
1. The property makes a small profit of around 3,000 per year. I know its small but it is good pocket money
2. The property is full furnished with the usual stuff (including very decent size wardrobe in each room infact bigger than one we have here in the UK ! ) plus broadbankd interent and Sky Satellite system, 36" LCD TV and DVD player but game consoles
3. I don't keep any personal belongings there as I only use it for a week or so per year so my partener will get almost exclusive use. Best to avoid July Aug as its a high renting season. I don't personally ever go in July Aug as its too hot for me. I prefer April May and Oct.
4. My property manager lives across. The property is kept totally spik and span. She will clean and laundary everything for a very reasoanl price i.e. Euro 30. I only pay around 100 euros for key holding
5. Community charges are around Euro 100 per month.
I still can't find a proper place to advertize but will use the useful info on this forum. Thank you again for the comments. Much appreciated.
Kind Regards
Sanazir
Thread:
Liberated Co-ownership
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