Buy to let
abroad is different to buy to let in the UK in that the
lettings are usually short term holiday lets. This
means that there is a regular turnover of tenants that have
to be managed. For most holiday buy to
let properties this would be done by the resort on which the
property is situated.
If the
purchase deal selected includes guaranteed rental income
from the developer to the owner, then all rental income from
tenants will go to the developer or resort for the period of
the guarantee be it 2, 3, 5 or 10 years. Usually, following
the guarantee period, a share of income will be agreed and
this is often on a 50/50 basis. The developer or
resort takes care of reservations, cleaning and maintenance.
On a number
of developments you will be offered access to your property
for personal use from 4 to 6 weeks/year. |
