Most mistakes around leaseback offers come from missing one of the points below.
Some projects offer a leaseback: the developer or operator rents your unit back and pays a fixed return for a number of years. It is meant to give the buyer an income while the unit has no guests.
Read carefully who gives the commitment, what price the return is calculated on, how long it lasts and what happens if the party does not pay in full. A good commitment is written in the contract, not only in a brochure.
Compare the promised return with real rents in the area, and consider whether you can still use the home yourself during the commitment period.
This article gives general information only and the rules can change. Before you pay a deposit or sign a contract, ask a lawyer or the competent authority; this is not legal advice.
