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Hi
Anyone used this agent to sell a foregin property? I am looking for feedback thanks www.worldwidegroup.eu
General Discussion
Rent Reduction - Ideal situation?
Forums:
I have read several previous posts here. If I have understood correctly, it would seem that if the management company tried to impose a rent reduction, it would be the ideal situation for me.
I bought a leaseback in 2016.
Irish/UK Petition to EU
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Hi,
a previous member linked to the French petition set up (I think) by the FNAPRT.
However, I think we need our own petition to represent us and have set one up.
I'm calling on the EU to address the issues with these leases and due to the mis-selling involved, to remove the requirement for reclaim of VAT and remove any requirement to pay eviction compensation - at a minimum. I am also calling on the Irish financial regulator to involve itself in the sale of these 'investments'.
Taxes Foncieres
Forums:
What is the practical result for a non-resident owner who fails to pay the Taxes Fonciere in the situation where legal action alleging fraud/mis-selling is underway (but tediously slow); the owner has absolutely no interest in retaining long term ownership of the property after all that has gone on etc. ?.
petition
Forums:
This is the link for the petition, they need 800 more signatures, so send it to anyone sympathetic.
Hello,
I just signed the petition, "gouvernement: Contre les investissements toxiques en résidences gérées et résidences de tourisme."
I think this is important. Will you sign it too?
Here's the link:
petition
Forums:
Hi, I just thought I would let everyone know that there is a petition on Chris McKay's facebook page, set up by the French group of leaseback and toxic properties owners.
There was also a very good article by Cian Molloy on one unfortunate leaseback owner and the dangers of these properties, from the Sunday Times, 20th of Nov.
Chris is booking his full 15 weeks allowance, I will do the same. Everyone should do this and maybe after 1 year of this we may be free.
Patricia
Press - Sunday Times
Forums:
Hi,
for those of you who have the Irish edition of the Sunday Times from 20.11.2016, there is an article on leasebacks and the perils of buying one by journalist Cian Molloy which you may be interested in.
It is on page 10 of the Move supplement.
The online version is behind a paywall.
Life after Leaseback
Forums:
My father and I co-own an apartment within a CGH residence in Champagny. Our leaseback contract will be expiring shortly, and we're keen to explore options.
We're pretty new to the leaseback game (property purchased through auction mid-lease), so I was hoping someone could shed some light on a few questions we had:
- Are there any penalties for NOT renewing a leaseback contract?
- How much notice should be given?
- Which ongoing fees are still applicable?
Indemnity Payment to management company
Forums:
Dear All,
I have recently issued an indemnity of Eviction order to our management company, In order for them to hand over our keys to our property. They have requested a payment equivalent to three years Gross rental income. In most cases this will equate to a much larger figure than the rent they have been paying us.
Is anybody else in the same situation, i.e have paid an Indemnity of eviction fee ? To Pierre et Vacances or any other management company.
Rude Awakening: Tax due in Ireland even though returns made in France
Forums:
Hi,
I had been under the impression that completing tax returns in France for a leaseback property meant no further action was required with the revenue service in Ireland (country of residence).
Having been told that this is not the case, I got in touch with a tax adviser and was told that a hefty bill awaited us for this year's return (and therefore for previous years also I presume).
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