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 […]

Lease

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 […]

Legal

Europe Direct – RESPONSE to leaseback problems

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I contacted the Europe Direct contact centre on issues relating to consumer protection  for leaseback owners to no  avail. The response was brief and useless.. The Europe Direct Contact Centre only provides information about the EU’s policies and activities. The situation you describe relates to national law. Therefore you would have to contact national authorities […]

Lease

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 […]

Lease

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 […]

Lease

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 […]