General Discussion

CHARGES FOR BUILDING REPAIR

21 January 2020

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 January 2020

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.

 

What happens when the Lease Operator Files for Bankcruptcy

7 July 2019

The Operator of our Residence for Tourism proposed to lower the lease rate;  we rejected it. They  filed for bankcruptcyand stopped paying  rents to the owners. The current lease period expires on September 30, 2019. The judge has appointed aConciliator. What happens now? What courses of action do we have to: 1). get rent payments from the Operator? 2). to break theLease so we can  rent or sell our apartments ourselves? 3). To find a new Operator to take over the Lease and operate theResidence? 4). What costs (expenses) can we anticipate paying? 5).

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