French Properties with Rental Income Potential
Guide to the French Buying Process
1. Signing the Agreement (Compris)
On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner. The next step, once you are in agreement, is to sign the preliminary contract (Compromis de Vente). This is a legal document and after ten days will be binding on both parties. Rules change frequently in France and it is best to consult with your notary about when this period starts. Generally the compris will be signed in France with the Agent. Variants can be included in the compris, for example an Acte (clause) can be added if the name or names to go on the title deed have not been finalised. If a mortgage will be required to purchase the property, the details for this, including the name of the mortgage company, must be on the compris.
2. Paying the Deposit
Generally the deposit will be 10% of the agreed purchase price. This will normally be paid to the notaire. There are exceptions to this, if the agent holds a carte professionelle, is bonded and fully registered then you may pay them, but do not hand over the deposit to anyone else. If for some reason the purchase does not go through, for example, if you write to the notaire and the agent that you do not wish to go continue with the purchase before the contract is binding (within seven days of signing the compris), then your deposit would be repaid. This would also apply if a condition had not been met, or the mayor or S.A.F.E.R. (a government agency that has the right of first purchase on most rural property that comes onto the market in France) could oblige the purchaser to give way. If you decide after the seven days 'cooling off' period that you do not wish to complete the purchase and pull out of the sale you would lose your deposit. If however the vendor pulls out of the sale then you will receive your deposit back plus the same amount from the vendor.
3. On Completion
Generally it will take around two or three months to complete the purchase. During this time the balance of the purchase money must be paid into the account of the notaire, this must be done well ahead of the completion date. The notaire will prepare the documents, check that the deed of sale (Acte de Vente) is in order and have the legal title ready to be signed over. It is possible to have someone sign on your behalf if you give them power of attorney. An interpreter may be of use at this point if your French is not very good and many Notaires will suggest (or insist) that an interpreter is with you.
IMPORTANT - Disclaimer :
All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.
Exceptional estate situated in a quiet, private and incredible setting alongside St. Cassien Lake, amid approximately 1 hectares of woodland and with large terraces, swimming pool and stunning lake vi...
- Floor Size: 140 square metres
- Plot Size: 10,160 square metres (1.02 hectares / 2.51 acres)
- Bedrooms: 5
In excellent condition throughout and currently split into 3 apartments, this charming partly stone built villa is ideally located in a quiet setting, just 1.5km from the historic centre of Vence.
Charming and spacious villa and guest house, ideally situated in a quiet setting within a large mature plot of 2,950m2 with a swimming pool and located in a quiet residential area of Super Cannes. ...
- Floor Size: 360 square metres
- Plot Size: 2,950 square metres (0.30 hectares / 0.73 acres)
- Bedrooms: 5
Immaculate and spacious newly built 5 bedroom villa, with stunning panoramic sea views, set within a large manicured plot of 1,790m2 with an infinity swimming pool and ideally located in a quiet setti...
- Floor Size: 350 square metres
- Plot Size: 1,790 square metres (0.18 hectares / 0.44 acres)
- Bedrooms: 5
superb 6 bedroom villa with a guest/staff house, with a combined total living area of 290m2, ideally situated in a quiet and peaceful area, yet less than 5 minutes from the old village of Grimaud and ...
- Floor Size: 290 square metres
- Plot Size: 2,050 square metres (0.21 hectares / 0.51 acres)
- Bedrooms: 6
Beautifully refurbished to a very high standard, this charming stone built property has a total spacious living area of 410m2, which includes 2 gites with 2 bedrooms, a 1 bedroom gite and a 4 bedroom ...
- Floor Size: 410 square metres
- Plot Size: 9,696 square metres (0.97 hectares / 2.40 acres)
- Bedrooms: 12
With a total spacious living area of 466m2, this enchanting 7 bedroom boutique chateau, plus a private lodge and swimming pool, is ideally set on a plateau overlooking Marciac lake and the rolling Gas...
- Floor Size: 466 square metres
- Plot Size: 7,118 square metres (0.71 hectares / 1.76 acres)
- Bedrooms: 7
Wonderful 9 bedroom 17th Century bastide, ideally situated in a spectacular location in Grasse on a large plot of 10,300m2 with a swimming pool and simply stunning panoramic countryside views towards ...
- Floor Size: 338 square metres
- Plot Size: 10,300 square metres (1.03 hectares / 2.55 acres)
- Bedrooms: 9
Splendid 6 bedroom villa, with a total spacious living area of 473m2, ideally nestled right in the heart of Mougins in a dominant position, with stunning unobstructed views down towards the sea, Theou...
- Floor Size: 473 square metres
- Plot Size: 6,000 square metres (0.60 hectares / 1.48 acres)
- Bedrooms: 6
Gorgeous 18th Century property with a vast total living area of 1,040m2, ideally situated right in the heart of the picturesque village of Villenouvelle and just 3 minutes from the Canal du Midi. <...
- Floor Size: 1,040 square metres
- Plot Size: 1,100 square metres (0.11 hectares / 0.27 acres)
- Bedrooms: 14