Pierre et Vacances Leasebacks

[Mowee]

Hi All
Recently received a letter from P & V indicating they are changing the method of calculating the guaranteed rental income.
Has anyone else received this ?
I have a leaseback in Paris, Charenton Le Pont.
Thanks

 

[oldnick]

have you tried frenchleaseback.net, the english language forum for french lesaeback owners?

 

[MrEarl]

Hello,

Is the current method of calculating the guaranteed rent, specified in the purchase contract (I assume you bought from P&V, under one of their sale and leaseback schemes) ?

- Or alternatively, in the lease between you as landlord and P&V as tenant ?

Assuming it is, then thats a change to the contract which requires both parties to agree. I'd be inclined to write back quickly, telling them you don't agree to the proposed change (just incase they are trying a sly one, to get everyone to accept by default, if an objection is not raised).

One thing for sure, we've all learnt that we should have looked closer behind the words "rent guaranteed" when buying into these French Sale and Leasebacks - across the board, people are having problems with them, from what I can see.