Leaseback Delays

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Leaseback Delays

Hi Seamus,

Looks like my leaseback is going to be delayed another two months (8 months late in delivering if they meet their latest target). I've paid everything except 4,500 for furniture and lost over 12,000 EUR in interest payments (not capital) because of the delay. Can you reasonably tell the developer to forget the balance of the furniture or claim refund of interest costs beyond a certain period?

Thanks
Toddy

Nope, I have to pay life insurance also during the holiday period. I'm not sure if this is normal or not but Barclays go out of their way of make life difficult (arrogance personified) they don't even answer my faxes - actually, I work with banks in five different countries and they are without doubt the most difficult. I am paying capital down now because the holiday period has expired (interest only for 12 months).


I have an English translation of the contracts but there is no clause dealing with late delivery. However, I imagine the developer hasn't kept his side of the contract and is liable for breach of contract but under French law - who knows?


Toddy

toddy38858.9627083333