General Discussion

Chateau du Francport

17 March 2009

A beautiful chateau just north of Paris now selling leaseback units. I am

interested in this development but note that many leaseback properties

have problems with developers and managers. The selling info does not

have any info related to the financial capacity of t he developer/manager. I

have not done this before and would appreciate any info or advise you can

provide. thanks, AlM

Are there 2 types of commercial leases?

10 March 2009

Bertrand,

You indicated in a previous post,that you dealt with "firm" leases.Saying that firm leases did not include the 3,6,9 year break clauses.Can you expand on this?

How would this be worded in french if your lease was "firm"?.

Maybe wrongly,but i thought the break clauses were enshrined in French commercial law,not an individual lease!

No doubt you will correct me!

Regards

 

John

Cancellation leaseback contact after 3yr

17 February 2009

Hoping someone has information that can help regarding cancellation of

leaseback contact by the management company.

The contact was for 9 yrs but renewable every 3 yrs.The management

company has decided not to renew after the first 3 years and has given

the owners 6 months notice to quit.

The information I have gathered to hand is

1/Vat is to be repaided pro rata if new management company is not

found within 1 year.

2/The same situation applies re vat if the apartments are changed to

'classic' and rented out

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