Eurogroup in financial trouble?

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Eurogroup in financial trouble?

Eurogroup have been late in paying rent on several occasions over the last 4 years or so, but it has always appeared a couple of months late. This year we have finally been told via the syndic that Madame Vacances has no money, following the November payment arriving in January, February’s never being paid and May’s was due two weeks ago. Eurogroup keep promising to pay but nothing appears. They are also letting the Residence fall apart...

Is anyone else receiving rent from Eurogroup?

In addition, our bail is due for renewal next year and I suspect they will halve their rent offer from the current level. The existing bail does state that the late payment of three consecutive rent instalment constitutes a serious and legitimate reason for non renewal. But I’m unsure if this means they wouldn’t request an eviction fee...

Grateful of any insites.

Thank you

if they offer a new lease with a reduction in rent refuse to accept it - if the majority of owners do the same they will be forced to leave the site if they have no money as you say - with this senario they cannot claim eviction compensation - if i were you iwould be issuing CDP'S by a bailiff everytime a late payment occurs - three in a row should be enough to suggest to a judge that they have broken the lease with you and could give grounds to nullify the lease

I have recieved no payement for 2017 to date dispite chasing

M

Send them a CDP immediately - this must be done through a bailiff - if they do not pay send another and another - if after 3 you still have not recieved payment take them to court to get the lease nullified for breach of contract - there is no other way - you must be proactive

Morning to all of you on here

I have spoken to Sephora and have sent documents across to allow her to build a plan, Sephora believes a group action will be stronger than multiple individual cases and as such has asked if anyone would be interested in being part of an intial conference call to discuss options and strategy.

If you would please send me an email and I'll arrange something for the end of the month

many thanks

Michael

Michael.hardy1969@gmail.com

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