News

French Property Price Index

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One of the selling points that promoters of French leaseback properties push is the opportunity for a capital gain on selling. Now, many of you will be in the position that no-one actually wants to buy your property due to the consistently poor and unreliable management records of operators, coupled with the diluted rent if you […]

Legal

Europe Direct – RESPONSE to leaseback problems

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I contacted the Europe Direct contact centre on issues relating to consumer protection  for leaseback owners to no  avail. The response was brief and useless.. The Europe Direct Contact Centre only provides information about the EU’s policies and activities. The situation you describe relates to national law. Therefore you would have to contact national authorities […]

Lease

Commercial Lease – ‘Bail Commercial’

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The French Notaires website provides some information on the nature of a commercial lease as used in the purchase of French leaseback investment properties. The use of a commercial lease provides for particularly advantageous conditions for a tenant. Regarding the owner’s ability to recover their property it states: The commercial property does not deprive the […]

Lease

French Tourism Code

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The investment properties that were marketed at and sold to Irish buyers as leaseback properties with refund of TVA and a guaranteed rent under a commercial lease, are governed by the French Tourism Code. This can be found on the French government site Legifrance.gouv.fr. There have been updates to this code since many of us […]

Lease

Consumer Protection for French Leaseback Owners – RESPONSE

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European Consumer Centre The European Consumer Centre Ireland (ECC Ireland) was established as part of a European wide network to encourage consumer confidence within the EU. ECC Ireland advises citizens on their consumer rights while shopping in another European state. It aims to facilitate easy access to redress and if necessary, the EEC Network also offers […]

Financial

Financial Advice for Leaseback Owners

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Médiateur If you have issues with your French bank and are not getting a satisfactory response you can try the mediator, who is a kind of ‘in-bank’ ombudsman. If your bank has one, it should give you the name and contact details. Though in my experience they don’t like sharing the contact details! If that […]

Lease

EU Legal Advice for Owners Caught in French Leaseback

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Europe Legal Advisor Your Europe Legal Advice Service provides free advice on your rights within the European Union and can clarify European law that may apply to your case. For owners who bought French leaseback properties under unfair terms and who were misled about the nature of the investment, this may be a route to […]

News

Le Tour goes to Les Jardins de St Benoit!

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The Tour de France has arrived at Les Jardins de St Benoit for a stopover on the Carcassonne stage. There is great excitement on-site as the entourage rolls into town and they get out of the saddle.         Though one owner informs us that the operator of this leaseback Résidence du Tourisme, […]