General Discussion

Rent not paid - Coronavirus ... mortgage relief/holiday?

21 Avril 2020
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General Discussion

Hello everyone -

hope you are all safe and healthy.

My apartment in Divonne les Bains is managed by Vacances Bleues. They have been prompt with rent payment on a quarterly basis. But the rent due on 02-April-2020 was not paid and no explanation was sent to me by Vacances Bleues. Tried to get in contac with them but they are not responding/answering.

Has anyone else had rents unpaid due to Coronavirus? Is this legal? Are the property managers supposed to at least notify the owners? Do they have to make compensation later donw the road after Coronavirus is behind us?

UK Owners - Anyone defaulted on mortgage?

9 Mars 2020
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General Discussion

Good afternoon all,

 

I wondered if anyone in the UK had defaulted on a French mortgage? If so could you let me know what has happened so far.

 

I have a mortgage with SocGen and like many people find myself with a property in enourmous negative equity. I am currently considering defaulting on the mortgage so that the property is repossed. I am sure the bank would chase for repayment but it is not 100% clear if they would be successful.

 

Kind regards, Neil.

exit lease with no compensation paid

15 Février 2020
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General Discussion

Hello,

does anyone on this forum know of any owner or any resort where operator handed keys back to owners with no compensation (eviction-indemnity) paid?

I'm not looking for feedback from the many of you who have had to pay compensation or operators that went onto liquidation.

Just wondering if there are cases where resort was relatively stable re rents being paid and lease had a zero-indemity clause and if owners exited with no issues?

Is that just a fairytale or has it ever been a reality for even a small number of owners?

 

 

CHARGES FOR BUILDING REPAIR

21 Janvier 2020
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General Discussion

I own a unit in a Leaseback Residence de Tourism  which is now being taken over by the present Operator who did it  by buying

a majority of the units at a very cheap price. This was the result of coercion and intimidation following efforts to lower the rents 

without our approval and imposing various charges. Most owners had no alternative (to avoid a long and costly litigation) but to sell

to them at about 30% of the original  price. Now, they want to charge us an exhorbitant amount for the for the repairs of the building. 

Property in Nice

21 Janvier 2020
Forums: 
General Discussion

HI, sorry for bothering people on this.  We have a property in Nice Acropolis which listed as Aparthotel Adagio Nice Acropolis.  Our Management company is Pierre et Vacances.  I cannot locate this property on the drop down menu for residences under P&V.  I wonder if anyone else here also has a property here.  Thank you.  Susan.

 

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