Hotels in France For Sale
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.
Superb 4 star hotel in Paris with over 100 guest rooms. Floor space 4,600m2. In the region of an additional 20 million Euros of refurbishment work required. Please enquire for fu...
- Floor Size: 4,600 square metres
- Bedrooms: 110
Five star hotel in the heart of Paris with over 95 bedrooms. Floor space 5,200m2. In the region of an additional 21 million Euros of refurbishment work required. Please enquire f...
- Floor Size: 5,200 square metres
- Bedrooms: 95
One of the top 5 prestige estates on the Côte d’Azur it is located on the heights of Villefranche-sur-mer, with a superb view of Cap Ferrat, the Villefranche harbour, the “baie des Anges”, “l’Estér...
- Floor Size: 4,651 square metres
- Plot Size: 130,000 square metres (13.00 hectares / 32.12 acres)
- Bedrooms: 10
This luxury 5 star hotel is ideally located in the heart of Evian-les-Baines between the lake and the mountains. The hotel comes with over 168 guest bedrooms with outstanding views across both ...
- Bedrooms: 168
A stylish Art Deco luxury Hotel in the heart of Paris, very close to the Champs Elysees and yet providing a haven of tranquility and calm. Please enquire for further details....
- Bedrooms: 50
In the heart of the city of Paris this 4 Star Luxury Hotel comes with over 45 guest rooms and suite, meeting rooms, charming SPA and wellness centre as well as an exclusive restaurant. There ar...
- Bedrooms: 45
A chic, modern and stylish hotel in a highly sought after location in central Paris in the 2nd Arrondissement. The hotel includes more than 40 bedrooms. This immaculate property is very...
- Bedrooms: 40
Great opportunity to acquire a boutique hotel in one of the most prestigious locations in the world. The property, which is in need of renovation, stands in parkland of 5,000m2 and comes with ...
- Floor Size: 1,400 square metres
- Plot Size: 6,600 square metres (0.66 hectares / 1.63 acres)
- Bedrooms: 0
Magnificent, grand, spacious and historic 9 bedroom villa/hotel located in the Croix des Gardes area of Cannes, with its origins dating back from the beginning of the 20th Century. Completely ...
- Floor Size: 900 square metres
- Plot Size: 6,000 square metres (0.60 hectares / 1.48 acres)
- Bedrooms: 9
This cosy hotel is set in the very heart of Paris in a quiet street, but in a bustling neighbourhood which is ideal for leisure, shopping and business activities. This charming 6 storey hotel c...
- Bedrooms: 40