HOTEL NEAR MALAGA TERMS by dfhrf555fcg

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									                      HOTEL NEAR MALAGA TERMS

To Purchase the Lease (traspaso):

The cost of the lease/traspaso/ is 150.000 Euros for a 10 year period, when this
is paid there is a further 120.000 Euros (Aval or Security Deposit) to pay, this is
held by the bank (independent of the owner) and refundable at the end of the
contract period, or if you cancel the contract giving 6 months notice. The monthly
rental payable is 2.900 Euros payable 6 months in advance.

Without a Lease (Ingoing Only):

The charge for the ingoing (we call this goodwill in England) is 20.000 Euros with
a further payment of 180.000 Euros (Aval or Security Deposit) this is held by the
bank (independent of the owner) and refundable at the end of the contract
period, which is 10 years with 12 months notice of cancellation, the monthly
rental is 4.800 Euros payable 6 months in advance.

Option to Purchase: (Freehold)

When using either of the above options there is included in the contract an option
to purchase the property at the asking price of 1.700.000 Euros, this price being
valid for 5 years. If the tenant does not take up the option to purchase within a 5
year period, the owner may request a bank valuation at the time to determine a
new asking price.

*These terms are currently as above but are subject to change at the owners
discretion

								
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