General Discussion

What happens after 18 year RdT status period ends?

3 June 2021

I would be interested to hear any experiences of what normally happens when the official 18 year RdT status period ends and the building theoretically returns to a normal status.
For example:
Does the operator lose his rights to use the common areas under the RdT rules? 
Can the operator claim eviction indemnity for the common areas if the owners no longer wish to have an operator looking after the common areas in the same way they can for the termination of an apartment leaseback contract.

Does the operator quietly leave the building? I assume not?

Pierre et Vacances Conciliation procedure

15 February 2021

Hi everyone, 

You may have received a communication from a receiver/administrator regarding Pierre et Vacances Centre parcs group. 

Pierre et Vacances have entered a negotiation procedure forced upon you owners with the Commercial court support in order to negotiate the payments of the rental income due to the Covid. Any court cases against Pierre et Vacances will now be delayed until further notice and the Commercial court decides. 

 

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