Is France in Breach of EU Directive 93/13/EEC – Unfair Terms in Consumer Contracts ?

Posted 6 CommentsPosted in Lease, Legal, News

Contractual ‘hidden terms’ and Eviction Compensation Is there a systemic failure by the French authorities to protect consumers by devising a tax incentive which was aimed at ordinary consumers, and designed to promote investment in infrastructure in the French tourist sector, but which required a commercial lease contract to be signed by the consumer, a […]

Pierre & Vacances – big players in France, but is it a fair game ?

Posted 7 CommentsPosted in Lease, Legal, Press

In the #FrenchLeaseback arena, Pierre et Vacances are huge players. They operate 280 Residence de Tourismes, with 50,000 properties, dealing with 23,000 owners! Indeed, they have also moved into the Senior Residences investment area, since these have been given similar tax advantages to the Residence de Tourisme.  These are the next investment ‘opportunity’ that could […]

Press Updates – 2018

Posted Leave a commentPosted in Press

Updated 18th August 2018 French national daily, Le Figaro, published a piece on the DGCCRF investigation entitled  Des étrangers dénoncent «l’horreur» des résidences de tourisme françaises  (16th August 2018). In the piece, Jean-Bernard Litzler describes how owners feel that they are ‘prisoners of a Kafkaesque system’: Selon eux, la présentation qui leur a été faite du […]

Support Owners Against French Banks

Posted Leave a commentPosted in Legal

Many owners were forced into a mortgage default with their French bank when the ‘guaranteed’ rent they were promised (and promised contractually) failed to materialise. In France, such mortgage default is followed by an order for re-possession of the leaseback property. At this point, many owners are only to glad to have the property taken […]