Preferred Corporate Housing, possible fraudulent business practices, breach of contract, and failure to fulfill financial obligations, resulting in significant financial losses for my business. Houston TX

Complaint Details:

• Preferred Corporate Housing booked my property for two months, claiming they had paid the security deposit and signed the lease agreement. However, we never received any payment.
• The lease explicitly states that payment is their responsibility, yet they failed to fulfill their contractual obligation.
• After multiple payment reminders, they removed their payment method, making it impossible for us to collect funds.
• They requested a cancellation agreement, and when we provided it, they never signed it.
• We later sent a demand letter from our attorney.
• To this day, they have not made any payments or taken responsibility for the financial damage they have caused.

How This Has Affected My Business:

• Lost substantial rental income due to their alleged fraudulent booking and failure to pay.
• Turned away legitimate guests, leading to major financial losses.
• Time and resources wasted in attempts to recover the funds, including legal costs.
• Emotional and financial stress caused by their questionable business practices.

Attempts to Resolve the Issue:

• Repeated follow-ups for payment, all ignored.
• Sent a cancellation agreement at their request, which they never signed.
• Issued a demand letter through our attorney.

Legal Action:

Due to their actions and refusal to comply with the lease agreement, we will be suing Preferred Corporate Housing to recover our losses.

Desired Resolution:

• Full payment for the agreed rental period.
• Compensation for financial damages due to lost bookings.
• A formal record of this complaint to warn other businesses and property owners about their practices.