Maroc - SUNresidences n°2 - SUN residences immobilier de prestige

Maroc - SUNresidences n°2

A new Act on tourism real estate rental is soon to be voted on. Here are its main points:
• To entrust the management, for a period of at least nine years, to a single licensed management company owner,
who must be appointed by the promotion company prior to the sale.
• Nonetheless, the buyer reserves the right to the personal use of his/her home for a period of no more than two months
per year, with two weeks in peak season. To avoid unexpected surprises, the legislator imposed some rules upon the
management companies:

The management company must be the owner of a licence issued by the administration
Have its registered offices in Morocco.
Demonstrate sufficient financial guarantees, resulting in a permanent and uninterrupted security bond,especially allocated for the guarantee of the management company’s commitments regarding the co-owners,notably concerning rent payment.
Be insured against fire, theft of clients’ property and civil liabilities.
Appoint, for each tourism real estate residence it manages, a manager with professional abilities as defined by the law.

It is likely that tax incentives will go in-hand with this project.
Some real estate developers already offer up to 8% income on tourism real estate investments.

< Prev		Next >

[ Back ]