Lease

Paul Devaux on Rent Reduction

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There is a pattern of behaviour whereby operators of French leaseback properties pressure owners to sign a lease amendment taking a rent reduction. For me, it is too late. But for you, think about what this may mean. Are you effectively halving the value of your property ? By cutting the yield in half you […]

Lease

Organise Owners in Residence du Tourisme

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There is an umbrella group in France to represent owners groups from French Leaseback owners called Fédération Nationale des Propriétaires de Résidences de Tourisme. The group have been active in supporting owners organisations. The Association of Tourist homeowners was created by FNAPRT to house owners that have no association in the tourist residence where they own property. […]

Lease

Leaseback Rules on 70% Changed

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One of the restrictions with French Leaseback status on a site has been that the development must have at least 70% of the properties in a lease to retain the French government ‘leaseback status”. If my French serves me, it seems  that this has changed in Mar 2015 and has been reduced to 55%. However, there […]