| Weekly furnished flat letting
with France Ermitage carries many benefits for landlords:
a full property management service, high occupancy rate, attractive
tax benefits and the option to occupy the Paris flat periodically.
Full property management service
When entrusting your flat to the care of France Ermitage,
you can expect a comprehensive property management service.
For example, if our interior designer decides to change the
furnishing or something in your flat, France Ermitage takes
care of buying and fitting these extras.
France Ermitage also takes care of finding occupants for
weekly lets and carries out inventories (on checking them
in and out). France Ermitage also ensures that your property
is kept clean and in full working order during and at the
end of each stay, makes replacements in the inventory and
if necessary charges any repair work to occupants in order
to restore the flat back to its former state.
Lastly, France Ermitage takes care of collecting rent, settles
maintenance bills and deals with any damage occurring in the
flat (expert advice, quotations, follow-up on restoration
work, etc.). The accounts department ensures that landlords
receive clear and detailed quarterly statements. With France
Ermitage, property owners really have nothing to worry about.
As for Agency fees, they amount to 6% (excl. VAT) of received
rental revenue.
The advantages of letting a flat on a weekly basis
in Paris
The demand for temporary accommodation in Paris is high,
which is why our weekly-let flat service
is so successful. Flats in the France Ermitage portfolio have
an average occupancy rate of between 85 and 92% per annum,
which is the equivalent of about 11 months a year.
Another advantage of weekly rental is that
the flat wears better. Being furnished and decorated, furniture
removals are not necessary, reducing the risk of damage. Additionally,
weekly cleaning and regular checks made by our property manager
at each change-over means that the slightest problem or sign
of damage can be detected at an early stage and dealt with
promptly. As a result, flats age more slowly and only require
refurbishment, on average, once every 8 or 10 years.
Tax benefits of furnished letting
Another significant advantage of weekly letting of furnished
flats is the tax benefit it entails for rental earnings. If
rental revenue does not exceed 30,000 euros years it is possible to register as a ‘micro enterprise’.
Tax relief of 50% is then applicable (in lieu of expenses).
In other words, tax will be calculated on only 50% of your
earnings – a very attractive benefit indeed.
Your flat remains available
Finally, a benefit which is almost unheard of for landlords:
with France Ermitage you have the possibility of periodically
re-occupying your own flat. To take advantage of this option,
all you need to do is contact us and book your flat for the
desired period. If your property is already rented out on
the dates you require, then France Ermitage provides you with
accommodation of equivalent or superior size. We provide a
weekly rental system that is perfect for
all those who wish to visit Paris occasionally.
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