04 Aug 2010 12:00 AM:

Hi All

Has anyone heard of or had dealings with the above company

Thanks

Thread: Ubiquitous Mortgages

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15 Jul 2010 12:00 AM:

Hi All

Going to be renting our place out long term or holiday let - you hear of so many horror stories of so called "hobby" management companies my question is what do property management companies need to hold to be legal in order to minimise my risk of anything going wrong

For instance I have heard that my insurance is invalid if the key holder is not legal is this correct

Thanks

Thread: Property Management Question

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17 Mar 2009 12:00 AM:

Hi Folks

In July last year we took on board a 2 bedroom apartment which was nearing completion on a rent to buy contract with a view of running it as a holiday rental business.

Now when we signed up the economy was in a much better state and the whole project would have been very viable due to the apartments location however the true value of the apartment has now almost halved but the price of the apartment still remains as it was last year due to the contract.

The apartment is now almost ready and the final contract will be ready for signing in the next 6 - 8 weeks when we collect the keys

The problem is that we now find ourselves in a position where once the renting period of 4 years has passed and the time comes to purchase the apartment the property value even with an optimistic rate of recovery would be at a level where we would have to find a large sum of cash before even the most generous bank would look at a mortgage application. This means that we realistically we will not be able to buy the apartment and after a lot of number crunching etc we would now like to pull out of the of the apartment as its not going to be worth it financially for us

Before we contact the builder to inform them of our intention does anyone have any recommendations of anybody preferably a solictitor etc that could just have a quick look at our contract signed last year and advise whether we can pull out, whether we would have any chance in getting in getting our €6.000 deposit back and just general advice on our position.  I have a pdf version of the document so therefore it could be emailed

If anyone can recommend or would be kind enough to look at it please PM me

Thanks

Steve

 

 

Thread: Help Needed With Contract

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28 Nov 2008 2:41 PM:

Many thanks Maria

 

Steve

Thread: Holiday lets

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27 Nov 2008 11:27 PM:

Hi All

We are just about to complete on an apartment in La Zenia which we are mainly going to use for holiday rental

However came across the below in another forum tonight and wonder if anyone can clear it up:

"Taken from Valencia Life today:

The Valencian Government has passed a new decree to the effect that it is now obligatory for all owners of apartments or homes that they rent out to belong to a central register. The only sort of activity exempt from registering will be the Aparthotels as they offer 24 hour services. Tourism Consellera Angelica Such stated that the creation of the Register was aimed at calming the atmosphere down in the tourist sector over the non-registered offering of apartments to let for a holiday over the Internet, which has been of considerable concern."

My apologies if my question sounds simple but does La Zenia come under Valencia or Murcia and does the above apply to me?

Thanks

 

Steve

Thread: Holiday lets

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