Hi,

I have had a leaseback (Les Valmonts de Val Cenis) for the last 3 years and everything has been working out fine.... until last month.

I did not receive my rent for the first time... it was due on 15th April and I have still not yet received it. Our tenant is residhotel (Rhode Tourisme). Has anyone else had any problems receiveing rent from this company?

Either it is a coincidence (which I don't believe) or there is something afoot. The missing rent is the first that was to have included the 3 yearly increase (linked to INSEE).

We received a letter 2 weeks after the rent was due stating that it had been an excellent winter, lots of competition for appartments, competitive pricing, cash flow issues blah blah blah... I am concerned that resid hotel are playing a game to try and break out from the lease. Does anyone have other experiences of this sort of thing?

Best Regards

Paul

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