Hi all just received a letter from Pierre et Vacance titled "Modification indice loyer"

They want to change the reference terms of the lease back agreement 5 years into the agreement from referencing the increase in the french contruction index to a new index called the "l'indice de reference des loyers" they are saying its a less volatile index than the " l'indice de Cout de la construction"

There is no reference to the the financial implication of signing this document or the implications if I dont sign

Has anyone received this or know what its about .

 

Thanks

 

Roy

 

 

 

Comments

8 November 2012

Roy,

I received the same letter and like you didn't know what to do with it. I

decided to do nothing and see if they chase me.

My letter was in French only which didn't help me understand what they

were asking me to sign up to.

Interested to hear from any others who received this letter and what

they have done.

Ian

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