I have a bought a Lease-Back in Carcasonne and one year later, no tenants have been found for almost half of the 80 apartments in the block. What I had mistaken for rent on my account each month was in fact insurance
- I discovered this by accident when calling the 'gerant' about something else - there has been no official communication giving updates.
- There may be a problem with the tax rebate due to no tenant and therefore no real rental income
Has anybody had the same experience. I live in France and bought a "lease-back" in Carcasonne. Everything went like a dream until I realised that the sums of money appearing on my bank statement every month was not in fact rent but insurance. I discovered this in November when during a conversation with the Estate managers, they 'happened' to mention that I had not tenant. This is February, the insurance runs out soon and still no tenant. Has anybody else had a similar problem, there are so many people in the chain that it is hard to know where to start as 'nobody' is responsible.
Could owners of leasebacks give some indication of their annual syndicate charges based on the sq mtrs and facilities at their residence. We paid over 800 euros last year for a 35 sq mtr apartment and are trying to ascertain whether this is reasonable or not. This is a student residence offering very basic facilities (eg no swimming pool to maintain).
Our property is registered under the Residences de Tourisme regime. When we bought it we were under the impression that it was to be let to tourists. It has turned out that it is being let to students. Our solicitor advised us at the time that this residence had to be marketed to tourists abroad in order to comply with "Residences de Tourisme". If the company failed to market it abroad, then the VAT would have to be repaid. We were also told that certain services had to be provided, such as breakfasts, laundry facilities etc. Our residence is certainly not offering breakfasts.
Does anyone know if this clause is in their lease?
It refers to 'The restricted movement of people'
I believe it can be used to withold payment of rent,in circumstances of the restricted movement of people,i.e. Forest fires,floods,earthquakes,war,strikes and any major events.
John
Hi all! We are new members, an active outdoorsy family of four from wales who love skiing.
We are bored with lie in the sun summer holidays and cant go without our annual ski 'fix' but with four to pay for our ski weeks are getting more and more expensive.
Have been looking at leasebck for a while and fancy this development in Las toussuire through UK overseas. intend to visit in next few weeks. Ayone know anything about the development or Les Sybelles area please??
Thanks!!
Hi,
our villa in Les Cammaze (Dept Tarn) is just complete and the developer just before xmas has told us that there may be problems with the VAT rebate.
As this was just before xmas i did'nt have time to get into this in detail but obviously am worried. He says it is an issue with local government but this is all the details I have at the moment.
Has anyone else encountered this before in Tarn or anywhere else in France? Any direction would be much appreciated, I would like like to get stuck into this in the new year.
what is the easiest, cheapest and most pain free way to get money from the U.K. into a french bank account. possibly in the region of £200 3 times a year???
I thought linking a Paypal account to our french account would be simple. but a u.k. Paypal account cannot be linked to a french bank account and you cannot open a french Paypal account without a personal French address....
any ideas / answers please
Following the arrival of a couple of costly bills that turned out to be bills i did not have to pay at all, what bills should we as leaseback property owners pay? Some people may be paying for bills they do not need to pay.
The first bill following a phone call was "an error, please ignore it" !!!!
the second was this week a tax d'habitation bill (as in the other topic in this forum) that too is one that not payable by us.
bills off the top of my head we are paying are:
first is obvious- Mortgage repayments
We are just starting the process of buying a leaseback through IMOinvest. We have had various documents sent to us (preliminary reservation contract in french and English, notice decriptive logement and bail commercial) and I am sure there will be more to come.
Can anyone advise us as to whether it is advisable to seek French speaking UK legal advice through the process?
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