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.
We are currently focusing on the Moravian-Silesian region, northern and northern Bohemia and the Vysocina.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
LUSQ Bytové družstvo draws and uses standard loan products from Czech banks, and designated housing cooperatives.
The property of LUSQ Bytového družstva (specific flats) is pledged in favor of the bank against the drawn loan.
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.
Yes. It may have an impact on the taxation of the proceeds.
Yes, the property can be seen in person by agreement.
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.
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.
Income is subject to income tax of 15% (czechs).
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.
The risk of not occupying the apartment is assumed by LUSQ. You receive a guaranteed return even if the property is unoccupied.
You can find all documents, information and bills related to the property directly in the LUSQ web application.
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.
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.
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.
The property is owned by the owner. He can, of course, sell it if he so chooses. You can also sell directly through LUSQ.
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.
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.
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.
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.
