Comments on: Tenants and repossessed properties http://blog.arribaestates.com/index.php/2009/05/14/tenants-and-repossessed-properties/ Costa del Sol property Tue, 20 Jul 2010 22:51:04 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Costa del Sol property http://blog.arribaestates.com/index.php/2009/05/14/tenants-and-repossessed-properties/comment-page-1/#comment-259 Costa del Sol property Sat, 07 Nov 2009 18:49:45 +0000 http://blog.arribaestates.com/?p=1002#comment-259 That's good news David. Understandable really has it allows the bank to at least get an income from the asset in the mean time. Unless they can sell and make a profit (not too likely as they will want to recoup their investment) they will be more than likely want a rental agreement Best of luck, and keep us informed Andrew That’s good news David. Understandable really has it allows the bank to at least get an income from the asset in the mean time.

Unless they can sell and make a profit (not too likely as they will want to recoup their investment) they will be more than likely want a rental agreement

Best of luck, and keep us informed
Andrew

]]> By: david http://blog.arribaestates.com/index.php/2009/05/14/tenants-and-repossessed-properties/comment-page-1/#comment-258 david Sat, 07 Nov 2009 14:03:52 +0000 http://blog.arribaestates.com/?p=1002#comment-258 Hi Yes I have a contract, I have been to visit the bank direct and this may be of help to others. The bank agreed that it is going to hard to remove me from the apartment and that it would take many months. They also do not want the property back but they have no choice. We have agreed that i will stay until they have ownership and they will either give me plenty of notice to quit or they will consider making a rental agreement direct with me. I would say that any one in a similar position should consider talking direct to the repossessing bank. Hi Yes I have a contract, I have been to visit the bank direct and this may be of help to others.
The bank agreed that it is going to hard to remove me from the apartment and that it would take many months. They also do not want the property back but they have no choice.
We have agreed that i will stay until they have ownership and they will either give me plenty of notice to quit or they will consider making a rental agreement direct with me.
I would say that any one in a similar position should consider talking direct to the repossessing bank.

]]> By: Costa del Sol property http://blog.arribaestates.com/index.php/2009/05/14/tenants-and-repossessed-properties/comment-page-1/#comment-257 Costa del Sol property Fri, 06 Nov 2009 09:22:22 +0000 http://blog.arribaestates.com/?p=1002#comment-257 Hi David, I assume you have a contract? If so seek legal advice first. Now. Hi David, I assume you have a contract?
If so seek legal advice first. Now.

]]> By: david http://blog.arribaestates.com/index.php/2009/05/14/tenants-and-repossessed-properties/comment-page-1/#comment-256 david Wed, 04 Nov 2009 07:39:52 +0000 http://blog.arribaestates.com/?p=1002#comment-256 Hi I have been renting an apartment from a developer who had offered the owner a 3 year guaranteed rental deal. The developer never paid the owner and has gone out of business. The owner contacted me to say that the bank are repossessing the apartment. I have lost my deposit I also paid for some outstanding utility bills from the previous tenants. I live in the apartment with my wife and 11 year old daughter. My question is should I approach the bank and inform them I am living in the property? The developer is no longer collecting the rent and the owners lawyer has told him not to accept any payments from me as it will effect the repossession. Hi I have been renting an apartment from a developer who had offered the owner a 3 year guaranteed rental deal. The developer never paid the owner and has gone out of business.
The owner contacted me to say that the bank are repossessing the apartment. I have lost my deposit I also paid for some outstanding utility bills from the previous tenants. I live in the apartment with my wife and 11 year old daughter.
My question is should I approach the bank and inform them I am living in the property?
The developer is no longer collecting the rent and the owners lawyer has told him not to accept any payments from me as it will effect the repossession.

]]> By: Andrew http://blog.arribaestates.com/index.php/2009/05/14/tenants-and-repossessed-properties/comment-page-1/#comment-255 Andrew Tue, 14 Jul 2009 12:42:21 +0000 http://blog.arribaestates.com/?p=1002#comment-255 Hi Marty, I beleive the contract is still valid if written in english, french, etc... Normally if a contract is done in a language other than Spanish (castellano) it should state that in case of conflict the spanish translation holds sway. Or something to that effect. Now how valid the contract itself is (clauses, etc..) is a different argument. Andrew Hi Marty,

I beleive the contract is still valid if written in english, french, etc…
Normally if a contract is done in a language other than Spanish (castellano) it should state that in case of conflict the spanish translation holds sway. Or something to that effect.

Now how valid the contract itself is (clauses, etc..) is a different argument.

Andrew

]]> By: marty http://blog.arribaestates.com/index.php/2009/05/14/tenants-and-repossessed-properties/comment-page-1/#comment-254 marty Tue, 14 Jul 2009 10:49:16 +0000 http://blog.arribaestates.com/?p=1002#comment-254 Hi Andrew If your tenancy agreement is written in English does the law in Spain still apply as I am in a similar situation and the landlord now seems to be absent? Regards Marty Hi Andrew
If your tenancy agreement is written in English does the law in Spain still apply as I am in a similar situation and the landlord now seems to be absent?
Regards Marty

]]> By: Sam Estby http://blog.arribaestates.com/index.php/2009/05/14/tenants-and-repossessed-properties/comment-page-1/#comment-253 Sam Estby Tue, 26 May 2009 18:40:52 +0000 http://blog.arribaestates.com/?p=1002#comment-253 Andrew Thank you for your response I will contact my Spanish lawyer and act accordingly. If I force entry to the property to retrieve my possessions am I comitting a crime as I have been advised to do this. Andrew

Thank you for your response I will contact my Spanish lawyer and act accordingly.

If I force entry to the property to retrieve my possessions am I comitting a crime as I have been advised to do this.

]]> By: Andrew http://blog.arribaestates.com/index.php/2009/05/14/tenants-and-repossessed-properties/comment-page-1/#comment-252 Andrew Tue, 26 May 2009 17:09:59 +0000 http://blog.arribaestates.com/?p=1002#comment-252 Dear Sam, first of, the landlord has no right to change the locks on your property. Although I am sure that a few people who read this will sympathise with the landlord! What he or she has done though is illegal. Had he wished to end the contract or have you, as tenants, removed he should have gone through the courts. If you have a rental contract, I would recommend getting legal advice on the procedures you need to take. I would recommend you have a lawyer contact the landlord to request access to regain your posessions. Dear Sam,

first of, the landlord has no right to change the locks on your property. Although I am sure that a few people who read this will sympathise with the landlord!
What he or she has done though is illegal. Had he wished to end the contract or have you, as tenants, removed he should have gone through the courts.

If you have a rental contract, I would recommend getting legal advice on the procedures you need to take.

I would recommend you have a lawyer contact the landlord to request access to regain your posessions.

]]> By: Sam Estby http://blog.arribaestates.com/index.php/2009/05/14/tenants-and-repossessed-properties/comment-page-1/#comment-251 Sam Estby Thu, 21 May 2009 15:47:34 +0000 http://blog.arribaestates.com/?p=1002#comment-251 I am currently in the UK and have been here for 5 months, I am 5 months behind on my rent - I found out this morning that the Landlord has changed the locks and cut power and water off to the property. I am in the middle of a divorce and my wife was in Marbella hospital looking after a friend of hers who has had surgery and my daughter was staying with a neighbour. My wife has moved all of her possessions out of the property but she has left all of my possessions in the house. Firstly is what the Landlord done legal? I believe from my research it is not, if so what recourse do I have to reclaim my items and how do I go about remedying the issue - I am going to have to fly back to Spain to deal with it but any advise will be helpful. I am currently in the UK and have been here for 5 months, I am 5 months behind on my rent – I found out this morning that the Landlord has changed the locks and cut power and water off to the property.

I am in the middle of a divorce and my wife was in Marbella hospital looking after a friend of hers who has had surgery and my daughter was staying with a neighbour.

My wife has moved all of her possessions out of the property but she has left all of my possessions in the house.

Firstly is what the Landlord done legal?
I believe from my research it is not, if so what recourse do I have to reclaim my items and how do I go about remedying the issue – I am going to have to fly back to Spain to deal with it but any advise will be helpful.

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