Lease

French Senate Responds on Leaseback Difficulties

Posted on

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 […]

Lease

Paul Devaux on Rent Reduction

Posted on

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

Posted on

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

Posted on

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 […]