I had to register and post this to assist other owners of leasebacks in

France. I have been an owner of several years. Rasidhotel is taking the

biscuit in how not to treat their customers.i.e. Us the owners of the props.

My own experience:

They pay the rent as and when it suits them.

The French law is with them as it's heavily loaded against landlords which

we all are and they are the tenants so will get total favour & protection.

To take any sort of court action in France is damn expensive and they know

it so they abuse this to their advantage. I can sue anyone in UK over the

internet for less then 100 GBP ? Not here in France.

They refuse to abide by the signed contract as they know that there is no

remedy available to the owners.

They dont pay the contractual rent or any increase on this although its

written in the contract on the basis that economy is not good. French law

will protect them and you cant even evict them if its the winter.

They never ever respond to ANY correspondence as they know there is

nothing we can do.

French leaseback is great on paper and its great if you have a reputable

management company but if you have a shower and arrogant company like

Rasihotel, then god help us.

They are so arrogant that I believe they treat their owners with disdain and

total lack of respect. They are in serious financial trouble and I just hope

that one of us actually gets them to go under by suing the pants of them

and taking them to task and of course the court for this.

In fact come to think of it we should really take it in turns and protest

against them at our properties by the reception so their Revenue is seriously

affected and this will actually be the death of them. If you organised that

one of us is in the reception, with a Banner telling customers how we have

been treated, this will drive trade away and I believe with a serious dent in

their income, they can not survive.

Sorry to go on but this has really got me going.

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