Lease

DGCCRF – No news is good news? Or is it…

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The investigation by the DGCCRF (Direction Générale de la Concurrence, de la Consommation et de la Répression des Fraudes) in France into the mis-selling of leaseback properties to around 200 purchasers is ongoing. Apparently. The scope of this investigation has not been confirmed. The timelines for its conclusion have never been given. The CCPC (Competition […]

Lease

French Leaseback on France TV Journal

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France TV 2 news programme Journal featured a piece on French Leaseback on 17th July 2019. It featured one owner from a residence de tourisme in Deauville and another owner from Domaine des Fontenelles, operated by Madame Vacances. It seems that MMV are looking for €50k eviction compensation from this owner, while the contract that […]

Lease

French Court Cancels Lease – No Compensation!

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The Court of Appeal in Montpellier finally cancelled a lease in a case taken by the owner and his wife at the end of the 9 year lease duration. Many owners purchased their French leaseback property on the understanding that the lease was for 9 years (or in some cases 11 years) and after that […]

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DGCCRF Investigate Irish Complaints on French Leaseback

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The Irish CCPC met with their French counterparts, DGCCRF, in Paris before Easter and discussed the complaints that Irish consumers have made regarding the sale of certain French Leaseback properties. The CCPC held a meeting with Brian Hayes MEP on 25th April 2018 and discussed the issues. Brian has been a staunch supporter of owners […]

Lease

What did your Notaire do for you ?

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In France, a NOTAIRE is the professional charged with real estate transactions. It is different to Ireland or the UK where a solicitor is the professional who handles the sale of a property. The role of a Notaire is fundamentally different in that he acts for both parties in the sale and is therefore duty-bound […]

Lease

Vicky Ford MEP Represents UK French Leaseback Owners

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Update  from Vicky Ford’s office, 30 May 2017: As you are aware, on 6 April Mrs Ford sent a letter to Commissioner Věra Jourová, Commissioner for Consumers, explaining the experience of victims and asking the Commissioner to investigate. Specifically examining the possible infringement on three aspects of EU Directives: 1.            Mis-selling of the properties 2.            […]

Lease

Irish Owners submit case for mis-selling to CCPC

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Update 16 June 2017 For details on how to submit your complaint to the CCPC see this post.   On 11th April 2017, with the support of Irish MEP Brian Hayes, 3 Irish owners have submitted their cases outlining the mis-selling of French leaseback properties and how the commercial leases that they signed constitute unfair […]