Cordiez Avocats & Solicitors Have Developed a New Service for Overseas-Based Investors, in Relation to French Co-Ownership Property Management

London, United Kingdom, December 16, 2018 –(PR.com)– The leaseback system in France has been incredibly popular with overseas-based buyers, especially Irish and British investors.

However, many of those who invested in French leasebacks have had mostly negative experiences, with leaseback companies defaulting, imposing rent cuts and expecting investors to pay them extortionate amounts to end the lease.

To make matters worse, French leaseback investors are often facing escalating running costs and are at loss on how to deal with such co-ownership charges through the “Syndic de Co-propri�té” (Building Manager).

Most such “Syndics” were appointed by property developers, when investors were buying leasebacks off-plan. People are often having very bad experiences with the firms that were initially appointed as Syndics. Poor management, combined with the feeling that the Syndic is biased, leads leaseback owners to consider getting rid of the current syndic.

Cordiez Avocats & Solicitors have created an innovative, specialist service, which helps owners achieving their building manager’s replacement.