Lease

French Leaseback on France TV Journal

Posted on

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 […]

Legal

French Leaseback Owners Survey

Posted on

We would like to build a clearer picture of exactly who the key players were in the sale of problematic French leaseback properties. To do this we’re asking people to complete a very short survey telling us who was involved in your original leaseback purchase. By creating a profile of the various parties involved, we […]

Lease

French Court Cancels Lease – No Compensation!

Posted on

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 […]

Financial

Petition Submission and Updates – March 2019

Posted on

The petition on Change.org to secure justice for beleaguered purchasers of French leaseback properties has been submitted to the French and Irish authorities. We are awaiting a meeting with the European Commission and hope to present it in the next month to Ms Marie-Paule Benassi, Acting head of Directorate E: Consumers at DG Justice and […]

Legal

Support Owners Against French Banks

Posted on

Many owners were forced into a mortgage default with their French bank when the ‘guaranteed’ rent they were promised (and promised contractually) failed to materialise. In France, such mortgage default is followed by an order for re-possession of the leaseback property. At this point, many owners are only to glad to have the property taken […]

Legal

DGCCRF Launches Nationwide Enquiry – finally..

Posted on

The French Direction générale de la concurrence, de la consommation et de la répression des fraudes (DGCCRF) have finalised evaluating all the data provided by its CPC counterparts and is launching a nation-wide inquiry on the acts covered in the complaints, which have also affected a large number of French consumers. We have been informed […]