Frequently asked questions

What is LUSQ?
LUSQ is a unique real estate service in the Czech Republic, which is the first to make it possible to buy an investment apartment online, not to worry about anything and only to collect the guaranteed LUSQ return. The service combines the extensive experience of the founders from the fields of real estate, law, finance and online services and brings its users a simple way to guarantee appreciation of free funds.
Who is behind the company?
LUSQs ranks include experienced Czech entrepreneurs and experts in a number of fields. They bring digitalization to traditional sectors such as finance or real estate.
How does the service work?
We monitor the real estate market in proven locations and systematically buy apartments that can generate an interesting return and whose price has growth potential. We will first completely renovate the property, then rent it out and then offer it for sale on the LUSQ website. The interested party buys the selected apartment from the comfort of his home. The customer does not have to worry about management and rental. Everything is included in the price. Every month, the owner receives the Guaranteed LUSQ return on his account, which is cleared of all costs and fees. Selling an apartment is as simple as buying it. Everything happens quickly, easily, online.
Brick or paper?
Czechs want a brick. Even though it is fashionable today to invest in real estate through securities, at LUSQ we believe that the customer prefers the actual ownership of an apartment to a real estate fund or a bond. In a crisis, paper can only do paper. A brick will remain a brick.
What properties does LUSQ offer?
LUSQ buys properties that generate attractive returns. A typical representative are smaller apartments that rent well and bring the highest appreciation over time.
Can I really buy an apartment online?
That you have never bought a property online? Does not matter. Believe that it can be done. You've been buying a travel package and TV from the e-shop for a long time, so why not an apartment? Just a few clicks and the property is yours. We process most documents electronically.
In which locations can I buy an apartment?
We are currently focusing on the Moravian-Silesian region, northern and northern Bohemia and the Vysocina.
What condition are the properties in?
We will tastefully renovate each property after purchase. It won't need any further investment for a long time, and tenants will just flock to it.
How does the purchase of an investment apartment take place?
On the LUSQ website you can see the offer of properties for sale. You simply put the selected apartment in your basket, fill in the necessary information, pay the reservation fee either CZK 9,990 or CZK 4.990 and no one will take it away from you. You will then receive all the necessary documents and instructions in your email, what needs to be signed and how to pay the purchase price.
What form of apartment am I buying?
You have the option to choose between buying into personal ownership or into cooperative ownership in LUSQ Housing Cooperative. In the case of cooperative ownership, you can buy the whole apartment or a tenth. In the case of a tenth, it is a co-ownership share in LUSQ Housing Cooperative.
What are the advantages of buying personal ownership?
The main advantages of a freehold flat are that you are registered as the owner in the Land Registry and can finance the purchase with a conventional mortgage.
What are the advantages of buying cooperative ownership?
The main advantages of a cooperative ownership are that it is easily transferable, not subject to capital gains tax after 5 years of ownership. Also, use simplified LUSQ financing where the bank is repaid by the co-op. You don't have to prove income, expenses, age, any other loans etc to anyone; you are not listed as a borrower on bank records.
What are the benefits of buying as a co-op share?
The main advantages of the co-op share ownership form of ownership are that you don't have to buy them all for millions. You just need to invest in 160 - 220 thousand and you reap the same benefits as if you had bought the whole flat.
What can I sell the co-ownership share for?
It's simple, you call us and we handle everything for you. The sale price will reflect the value of the apartment at the time you sell.
Who owns the property?
If you choose financing with your own funds, or with your own financing, you will acquire the apartment as a personal property by default. If you choose cooperative ownership, or cooperative ownership in combination with LUSQ Financing, you own the apartment as a cooperative share in LUSQ Bytové družstvo.
What is LUSQ Housing Cooperative?
LUSQ Bytové družstvo is a purpose-built company - a housing cooperative, for which LUSQ first buys the apartment and then sells the cooperative share that corresponds to the selected property to the buyer. Simply put, the new owner owns a membership share in the cooperative, which 100% owns the given property where the selected apartment is assigned to him. The principle is the same as when you buy a cooperative apartment.
What are the advantages of owning an apartment through LUSQ Bytové družstvo?
Bearing in mind that these are properties intended for rent and generating profit, ownership through LUSQ Bytové družstvo has many practical advantages. You do not need to take out a loan to purchase an investment apartment, the cooperative share is transferable faster than real estate in the OV and has better taxation.
How much money do I need to have ready?
You can buy a share (minimum one tenth) of investment apartment from CZK 150,000 or whole apartment from CZK 1,300,000. It depends on the specific location, the offer and the current conditions of bank financing.
How does LUSQ Funding work?
LUSQ will first purchase and renovate the property with its own funds. He then takes out a loan from the bank and pays back part of the purchase price. The membership share in LUSQ Bytové družstvo is then transferred to the new owner with the loan, unless of course he wants to buy the property only for his own. The buyer therefore only pays the difference between the purchase price and the loan from his own funds.
Who provides the loan?
LUSQ Bytové družstvo draws and uses standard loan products from Czech banks, and designated housing cooperatives.
Is the property mortgaged to the bank?
The property of LUSQ Bytového družstva (specific flats) is pledged in favor of the bank against the drawn loan.
Am I really the sole owner of the property?
Yes. The new owner owns a membership share in LUSQ Bytové družstvo, which exactly corresponds to the purchased property. If the cooperative member repays the loan, the relationship with the LUSQ group can of course be terminated and the apartment transferred into personal ownership. If you finance the property with your own funds (or your own financing), you acquire the apartment directly into personal ownership.
Can a foreigner also buy an investment apartment?
Yes. It may have an impact on the taxation of the proceeds.
Can I view properties before buying?
Yes, the property can be seen in person by agreement.
How does LUSQ Estimated Yield work?
The expected LUSQ return is the amount the property owner will earn per month (guaranteed return) and the expected monthly increase in the value of the property. The guaranteed income is the gross income before taxation, including the contribution to the repair fund and, if applicable, repayment of interest - principal of the loan. The tenant pays the rent to the LUSQ Administration, which deducts the cost of so-called facility management and pays all fees related to the apartment. The rest of the rent, which is the amount corresponding to your guarantee, goes to your bank account.
When and where does my money go?
LUSQ's guaranteed income minus the cooperative fee and the repair fund goes to your bank account once a month, which you specify in the contract.
Do I have to pay tax on the proceeds?
Income is subject to income tax of 15% (czechs).
Who rents the property?
The LUSQ administration itself searches for tenants to occupy the apartments. He cares about who he rents the properties to. Preference is given to solid, long-term tenants.
What if the apartment is not currently rented? Do I still get paid?
The risk of not occupying the apartment is assumed by LUSQ. You receive a guaranteed return even if the property is unoccupied.
Where can I find all the essential information and documents about the property?
You can find all documents, information and bills related to the property directly in the LUSQ web application.
What does LUSQ Property Management do for me?
The LUSQ administration provides all the services that the owner of an investment apartment would normally have to provide himself. These include property management and maintenance, tenant search, rent collection, and provision of services. Communication with SVJ, bookkeeping of LUSQ cooperative and many others.
What costs does the service include?
The difference between the rent collected from the tenant and the LUSQ Guaranteed Return covers all necessary service costs. The owner does not pay anything else.
Can I take care of the facility management and the tenant myself?
Of course, the owner can dispose of the property as he likes. It is necessary to take into account the notice period of the LUSQ Administration service, which is 6 months.
Can I sell the property?
The property is owned by the owner. He can, of course, sell it if he so chooses. You can also sell directly through LUSQ.
How long will it take for me to get my money back from the sale?
Investment apartments are a sought-after commodity. Most sales take place within a matter of weeks or months at the most. LUSQ will recommend the optimal selling price.
Does LUSQ guarantee me a minimum property value?
LUSQ is not responsible for the rise or fall of real estate prices. LUSQ buys properties in locations where housing prices are expected to rise. Of course, short-term fluctuations can occur. Until now, apartment prices have always risen in the long term.
How and when can I terminate the LUSQ service?
LUSQ services are bound by the Framework Agreement that you conclude with LUSQ when you purchase a property. This framework agreement defines the terms of purchase, sale and management of the property. You may terminate the LUSQ service by a) selling the property through LUSQ; b) termination of the LUSQ service. The notice period is 6 months. After this period, you can of course dispose of the apartment as you wish.
Can I live in the property alone?
Of course. The apartment belongs to the owner and he can do with the apartment as he wants. After the notice period of the LUSQ Management service has expired, the owner can still live in the property.
Didn't find the answer to your question?
Email us at info@lusq.cz

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+420 771 135 501

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info@lusq.cz

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Budova SmíchOff
Plzeňská 18
Praha 5 - Smíchov

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