General Discussion

completed our sale

10 August 2021

We have just completed the sale of our leaseback apartment.

Property that has been sticking around for a while has now all sold in our village - and anything remotely decent coming onto the market has been selling very quickly - I am told by our agent this is a direct result of the pandemic and the French wanting to buy second homes in their own country. Some buyers are now therefore considering buying in a Residence de Tourisme when they might not have done previously.

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?

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