General Discussion

OWNERS TAKING OVER MANAGEMENT?

Forums:

I have been viewing comments for a while but not participated until now. I am in a situation where the management company at our property says it will not renew the lease if we do not accept a substantial reduction in rent. I am wondering if any owners have actually got together and taken over the management of the property themselves? If so, what is involved and do you think it is worth it? Our property is on the outskirts of Paris so think it is a good location with a strong potential market.

The real property value of leaseback?

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General Discussion

I wanted to know if leaseback properties are artificially inflated because of the VAT reclaim? I’ve scouted various websites and it seems a freehold property generally seems cheaper by comparison?

Purchasing a leaseback - TVA?

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General Discussion

I have recently purchased a property that is currently on leaseback and the first 9 years is due to expire in September this year. I do not plan to sign another leaseback contract but wish to use myself and also rent privately. In this situation, who has to pay (if anyone) the TVA - the seller, the b uyer or a bit of both?

Thanks

Andy

Facebook Group

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General Discussion

Given the amount of complaints about leasebacks I suggest

that we start a Facebook group for lease back owners. The

advantage with Facebook is that it is free to use and it

searches very well in Google. I'm not sure how long our

complaints will be tolerated here given the forums

involvement with leaseback sales.

We have seen in recent weeks how Facebook groups have

been instrumental in getting the message across and

causing major headaches for companies and governments.

tourist tax

Forums:

General Discussion

Hi boys and girls,
A quick question. Are owners making use of their allocated weeks eligible to be charged taxe de sejour ?

Paul

French bank a/c required for mortgage?

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General Discussion

Hi,

We have both a current account and a mortgage with a

French bank. We're very dissatisfied with the bank in

question who seem to randomly make charges on our current

account and are very unresponsive when we have questions.

We're thinking of closing the current account and

directing the management company to pay our rent into a

non-French bank account.

However, we seem to remember being told when we were

buying our property that in order to have a French

mortgage, you had to maintain a French bank account.

Warning Tax Fonciere Entrerprises

Forums:

General Discussion

I am very fortunate to have some very good assistance in dealing with my leaseback matters and tend to keep most things close to my chest on my personal matters.

However if any of you receive a bill for the above, do not pay it without taking proper advice!

Most ex-leasebackers who rent privately (of which I am not one) are being asked to pay the above tax meaning that you operate your property rental as a individual business (enterprise). All seems fine you may think.

Leaseback resales in the South of France

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General Discussion

hi new new member

Interested in resale leases in the Cannes,Nice,Sainte Maxime area, Have been told no VAT to pay

Regards

Swannie

Furniture Package

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General Discussion

I have just (18 Dec) taken delivery of an off plan leaseback apartment. Although the apartment itself is fine (a few areas arn't as in the Notive Descriptive so I think I have to tell the developer by registered letter within one month?), the furniture package isn't.

CGH

Forums:

General Discussion

I would be very interested to find out any information about CGH's actions towards/at the end of the lease. I own a leaseback apartment built by MGM, managed by CGH (their subsidiary). Recently the owners have been sent a request by CGH to fund the cost of new flat screen televisions for each of the apartments. The residences association has said "no" but we were quite astonished to have been asked in the first place as this is not our responsibility under the lease.

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