AVOIR CONNAISSANCE qu'afin de pouvoir disposer des locaux à l’expiration dudit bail, le cas échéant, et de lui assurer toutes garanties à cet égard la société venderesse s'engage vis à vis de lui à obtenir du locataire la renonciation au bénéfice du droit au renouvellement ou à supporter seule toutes les conséquences pécuniaires qui pourraient résulter d'une demande d'indemnité d’éviction réclamée par le locataire et s'engage en conséquence à rembourser à l'acquéreur ou à payer pour son compte l'indemnité qui pourrait être réclamée. Le tout sous réserve des conséquences financières liées à la TVA (Art 210-1 de l’Annexe II du CGI).

A cet effet DONNER par avance tous pouvoirs à la société venderesse pour transiger avec le locataire en vue de parvenir à la libération des locaux à l'expiration du bail.

Have knowledged that in order to have the premises at his disposal at the expiration of the aforesaid lease, if applicable, and assure him all guarantees in this respect the Vendor company engages itself to him to get from the tenant the waiver to the benefit of the right of renewal or to support alone the financial consequences that could result from the demand for an indemnity for eviction claimed by the tenant and undertakes consequently to reimburse the buyer or to pay for his account the indemnity that could be claimed. Under reservation of financial consequences concerning the VAT (Article 210-1 of the schedule II of the general Code of Taxes)
In this end GIVE in advance all powers to the vendor company for negotiating with the tenant in order to get the liberation of the premises at the expiration of the lease.

this means that Cecim the promoters are guaranteeing an easy exit at the end of a lease period. Of cours if they go bust.... but it is unlikely. this is the first time i have seen guarantees like this from the promoters( not the builders and not the rental management firm).

For the tva reclamation and annual accountancy fees, Gefi and Eurefi were put in as the default cabinet at the last moment, which I regarded as being unfair on our clients and hence intervened with  Cecim and the notaire in order for our clients to use a different Cabinet of accountants - Savoie Cofic, at a very much smaller price - three years including TVA reclamation for 395 euros in total (165 per annum). savoie is one of the largest firms of accountants specialising in leasebacks.

However the choice not to use GEFI had to be stated before or with the procuration, and Thuret's office has attempted to ignore some clients who had properly declared that they wished to use another cabinet. this we resolved for our clients. However now is the time to make sure that you have been in contact with your chosen firm of accountants. The reclamation actually takes place just after the delivery date, then it is just a matter of waiting for the french government to cough up.

On Elithea, we are in contact with them , but not having a much easier time than any of you in securing bookings this first summer for our clients, but we will persevere :)

You will be surprised how quickly it is finished - France is nor Spain

Best regards and good luck,

Rob from the French Property Company Ltd.