Hi,

I have owned a lease back property at residence Paxton in

Ferrieres-en-brie near Paris since 2006.

To date i have had no issues but I received a letter this

week from the management co (Accelis Gestion).

Basically states that due to the international economic

situation that in the short term they will not be able to

pay the full amount of rent owed to owners and they want

to amend the contract to accept what amounts to an 18%

reduction on the rent.

Just wondering what options i have here and if anyone

else received the same letter and what they intended to

do ?

Also a little concerned that it states that its "in the

short term" yet there is no mention of reviewing this in

a few years if things pick up.

I would appreciate any feedback on this.

Thanks,

Alan

Commentaires

15 Novembre 2010

It seems from this and many other posts on a similar subject, that French Commercial Bail lease contracts are not worth the paper they are printed on.

Not wishing you to follow what I would do if confronted with this situation but.....

.....I would be on the first flight/ferry/bus/train over to my property, gain entry with my 'spare' key and get the locks changed. There would then follow a 'sit-in'. Hopefully the cops would be called and I would take great pleasure in producing my ownership documents and evidence of the breach of contract.

I maybe a headstrong Brit, but its about time that these rogues were faced out.

I wouldn't accept any changes whatsoever from the contract.

someone will be along shortly with some reasonable advice.

21 Novembre 2010

I have received the same letter.
We need to contact all the owners and decide together the strategy to adopt.
Please contact me if possible.

18 Décembre 2010

Hello
if you own a property in the Paxton Residence, managed by Accelis Gestion, in Ferrieres en Brie, France, please contact me or any other owner you may know.
The management company, Accelis Gestion, send a letter to the owners asking for a substantial rent decrease, which is a big surprise as the Paxton residence has been operational since 2007 only, so one would not expect accelis gestion to experience problems for their Paxton residence so early.
I am trying to organise a meeting with the management of accelis gestion.
Thanks

19 Décembre 2010

Hello,
if you can suggest me other forums where I could post a message to try and find the other owners in this Paxton residence, managed by accelis gestion, please feel free to suggest those to me
Thank you very much for your help

21 Décembre 2010

Hello,


I am a french owner of a appartment in Paxton residence.


So first I appologise for my bad English.


I am in the same situation as you and don't agree to let ACCELIS manage like they have started.


In my mind the first thing to do is to push to collect contacts to establish a list of owners with lot n°, tel, email... in order to be able to organize our action. No way to obtain the list from them so we have to make it by our own. I am not at all used to deal with internet forums and don't know how to take private contact so I have created an email adress to get contacts pmpfab@gmail.com


Regards


22 Décembre 2010

Great, happy to have found one more owner at the paxton residence, managed by accelis gestion.
I have contacted you on your mail.
I hope many more owners will join.

thank you

22 Décembre 2010

I am attempting to contact any Residence Paxton owners from

Ireland and the U.K.

If there are any out there can you please contact me

through alan_mccormack76@hotmail.com and i can then pass

your details onto our french colleagues who are also in the

process of tracking down the french owners.

The more owners we can find the more power we will have

Alan

We are getting in contact every day with new people that have invested in this Paxton residence, managed by accelis gestion, but we are still missing quite a few from the UK and Ireland.

Please do not hesitate to get in touch to protect altogether our vested interests.

Hi,



We have been through a similar situation where we were dumped by a spurious company. Now have a new company in but with a big drop in rent.


First step is to contact the Syndic and ask for a full list of owners. Use this and the phone book to contact owners.



Good luck

Thank you very much Punter4
That is precisely what we are doing.
Nevertheless, we have also been lucky in finding some people via the net and the forums, as they now appear when you search for the key words Paxton and Accelis Gestion.

Hi Alan

I also own an apt. at Paxton and have received and

responded to correspondence from Accelis. Have not received

rental payment yet, which is now overdue, and doubt that

rent review has been granted either. Will email Accelis to

chase up rent payment for this month. Any information

from this forum would be appreciated

Regards

SarahSienna40562.7851851852

hello everybody and thank you again to the numerous owners at the paxton residence in ferrieres en brie, managed by accelis gestion, that have joined our association to defend our vested interests as owners of this leaseback investment.


I remind you that accelis gestion is due to apply a 5.71% increase in the rents from this quarter (Q1 2011)



looking forawrd to it !

We have a studio apartment in Paxton and we are attempting to sell (at a great loss).  We have a vendor and would gladly proceed with the sale but we cannot, despite great efforts, get Accellis Gestion to give us a statement of the rent we have been paid over the last twelve months. Without this document we cannot sell as no buyer will take on a leaseback, naturally enough, without knowing the level of the return.  Has anyone experienced this problem with Accelis.  We have had to engage a lawyer which is expensive but essential if we are to get this sorted.  We badly need to sell so een though we may have lost the current vendor we will need this paperwork for hopefully the next one.  Has anyone had a similar experience and if so do you have any advice for me.

 

Molly.

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