Rent Arrears Paxton

Yes

Same experience. January payment was about 10 days late. No April payment yet. This happened once before a couple of years back, but did resolve itself at the time. I was planningt o follow up next week if no payment received before then.

regards

Derek

Same here.  I was paid on 2nd Feb, but nothing in April.  I don't have eBanking in France so won't see if I get paid till later in May.

TBH, it's happened to me before and it got paid the following month - they're not the worst for paying.

Cheers Conor

I've received the correspondence from Accelis proposing a yield of 2.5% and seeking willing sellers (no doubt at reduced values).

No sign of July rental payment yet.

Derek

Hi All

I don't appear to be getting notifications of any updates to this site on the Paxton or Accelis Gestion topics, so I just happened to search the topics today and saw the various comments regarding the lease and reduction in rents.

I just got the letter proposing a reduction to in rent 2.5% and the option of selling.

Not sure what would happen if we refuse the reduction................

Hi All Just wondering if anyone got paid their July rent yet? I don't have online access to my French account. If someone gets paid, even later in August, would you mind letting the rest of us know? Thanks Conor

Hi,

I got paid on the 2nd of August.

That's good to hear, Nuala. I'll let you know my situation when I get my bank statement. Cheers Conor

I got paid on 31st August!

Also got paid beginning of September.

I never really thought much about the studio in Paris until I received the notification regarding the reduction in rent and the new agreement to be signed and take effect on October 1st. can I ask what other owners of these apartments are doing regarding this?  Thanks a mill for any information.

Hi, 

I am looking to contact owners in Paxton on behalf of others owners. Also I am trying to connect with Mr BALCOU from the management company whom is totally silent and not taking my calls. Any luck? 

You may email me if you like. eddy@nercconcierge.com

Regards, 

Eddy

Still did not get paid for the last quarter which should usually arrive in January. Is this what you mean Graham?

Hi Graham

Only received half the rental also - getting legal advise now re the next steps/options open to us.

We may need to consider a group action.

Kind regards Kathrina

Hi  

Yes. Also just received half rent.  

Sent an email on 2nd march to info@accelis-gestion.fr   but did not receive any reply.  Is this the correct email address?

Tommy

When does the lease expire?

So the situation is a number of co-owners have signed a new lease with the reduced rent and a number have not yet signed. Regardless, The new rent is not decided by the management company; the commercial lease framework provides that the lease is renewed at the rental value of the premises. Therefore if the rental value is higher than the offer made by the management company, the owners are able to force the management company to renew the lease at the rental value. 

So do you have anyone representing the residence who is working with someone to do this?

Seamus

Someone needs to co-ordinate owners so you can make a joint decision. If you do nothing then the management company will try to do what they like. If you want to try to fix things then communicate with each other. If most believe that the proposed rent is too low (this is the view of an independent professional french buyer) then if you agree to take action an expert will assess the rental value and force the management company to change the lease to the assessed rental value. Even if a group of you could conference call our legal rep he would discuss options. If the options were favourable then you are legally entitled to request contact details of all co-owners and our legal rep would write to all with proposals.

But do not sell at the reduced price.

Hi Seamus

Can you advise of a good Leaseback legal advisor to contact re: advice on ’Accelis issuing an Addendum to reduce the rent significantly (backdated to 2017!!)? Plus, non-payment of rent!

Many thanks