I
I am coming to prefer the system in Europe where the tenancy is for the building only and the tenant is responsible for the decor, electrical appliances, minor repairs and so on. That way the majority of tenants, owners and also insurers could manage their risks better and rents would be far cheaper.
Yes, but many things are different in Europe in Rentals so a comparison here may seem sound but is not.
I was looking at investing in France and did some due diligence. Many complex rules such as:
CG tax which is paid by purchaser not vendor,
clear title is on the purchaser to establish costing $1000s for older properties.
Winter Rules, once winter hits and it is cold, a landlord cannot evict a tenant for lack of rent payment , regardless often for 6 months.
ON THE UP
Rent less than six months and you don't need to declare the rent as income for french tax. Suits English and German who have holiday home in France and lease it a furnished rental when not using.
hence Real Estate is very, very very cheap like this asking $1.2M AUS
Classic 19th century Maison de Maître in a glorious South facing location , with 17 acres grounds, swimming pool and equestrian facilities, nr Bordeaux, Gironde. This elegant country home offers
spacious and light accommodation with high ceilings, fireplaces and a beautiful stone staircase. Entrance hall, Salon with fireplace, light dining room, spacious study, country kitchen with stone tops, larder. Upstairs are 4 spacious double bedrooms and a very large family bath and shower room. The attached 2 car garage has a full second floor which would be easy to convert to a self contained apartment. Lawned gardens to the front with 12m swimming pool with panoramic views over the
countryside. Many mature trees and flowering shrubs. 3 purpose built loose boxes for horses and a fully drained, all year sand school. The 17 acres grounds are mostly down to pasture and there are several paddocks with a field shelter. A glorious area for horse riding. The property is within the Bordeaux appellation controlled, in a small rural hamlet, just a few minutes’ drive from villages with shops and restaurants. The lovely town of St Emilion is 35 mins away and Bordeaux with its international airport is just 35 mins.
This is ninth largest city in France with $1.2M people. Very stunning and very wealthy area being wine centre of the world. International Airport. VFT to Paris, Port to Atlantic. etc... Pleasant Ocean Climate.
Regards Peter 14.7