Lease

Sunday Times – Irish Edition

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Check out the ‘Move‘ supplement of the Sunday Times (Irish edition) for an interesting piece on the perils of French Leaseback. The article, by Cian Molloy, was published on 20th November, 2016: Avoid storms brewing over your place in the sun It takes one owners experience to illustrate how badly wrong it can go. There […]

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@EU_Consumer responds on applicable EU Directives

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The EU Consumer Affairs Tweet-meister has given some feedback on which EU Directives to take a look at in trying to get to grips with the problems with French leaseback property selling. @snappynscrappy Check Directives 2005/29/EC (B2C) and 2008/122/EC (holiday homes). Stricter national rules may exist for immovable property. — EU Consumer Affairs (@EU_Consumer) December […]

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Indo on French Leaseback

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A recent article in Indo – The French Dream that became a Nightmare – goes some way to highlighting the problems with French leasebacks and I commend the journalist Sinead Ryan for taking this on. But it doesn’t go far enough. Perhaps those selling French leaseback/investment properties should be subject to financial regulation. From the Central […]

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Must We Pay Eviction Compensation ?

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For most buyers of French leaseback properties the notion that the lease did not end at the end of the 9 year period stated in the lease was unwelcome news. In fact, if an owner wants to end the lease at that time, they may have to pay an unspecified but potentially enormous amount in eviction […]

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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 […]

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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 […]

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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 […]

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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 […]

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French Senate Responds on Leaseback Difficulties

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The French Leaseback issue was raised in the French Senate,the second chamber of French parliament, in July 2014. See the response below (a google translate rough translation) from Ms Axelle Lemaire, Secretary of State to the Minister of Economy. Aware of this situation, in particular through your mobilization, senator, the Government has started at the […]