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.
Charming 27 bedroom hotel, which consists of a set of old houses dating from the 16th and 17th Centuries, ideally situated right in the heart of the medieval city of Vaison la Romaine. The old...
- Bedrooms: 27
Prestigious and historic French Chateau, ideally located in a quiet and private setting in Brittany, close to the coast and Saint Malo, with stunning countryside and sea views. With its origins...
- Plot Size: 270,000 square metres (27.00 hectares / 66.72 acres)
- Bedrooms: 20
Impressive Empire-style Chateau near Bordeaux in over 40acres of stunning parkland. Built in 1905, on a promontory on the right bank with a panoramic roof terrace offering stunning views of t...
- Floor Size: 1,700 square metres
- Plot Size: 166,500 square metres (16.65 hectares / 41.14 acres)
- Bedrooms: 13
Superb business opportunity, located in an unique setting, on the Canal du Midi with: - 7 Gites - 2.5 hectare wine producing Vineyard - Hospitality/Restaurant - Wine shop ...
- Floor Size: 1,000 square metres
- Plot Size: 28,734 square metres (2.87 hectares / 7.10 acres)
- Bedrooms: 9
A former hotel with restaurant, now a stylish guest house in Roquefort-les-Pins, located in a 17th century stone farmhouse. This historic 750m2 property offers the possibility of an expansion ...
- Floor Size: 750 square metres
- Plot Size: 6,809 square metres (0.68 hectares / 1.68 acres)
- Bedrooms: 7
Attractive and beautifully situated 29 bedroom hotel in the pretty village of Saint Bonnet le Froid on the edge of the Ardeche in a great location. This successful hotel has undergone a total...
- Floor Size: 1,900 square metres
- Plot Size: 20,000 square metres (2.00 hectares / 4.94 acres)
- Bedrooms: 29
This beautiful chateau which dates from the XVIII century is now a charming hotel with 11 immaculate guest suites with superb bathrooms and potential to expand further if desired. The hotel is ...
- Plot Size: 40,000 square metres (4.00 hectares / 9.88 acres)
- Bedrooms: 11
A unique opportunity to acquire a beautiful renovated 19 bedroom hotel situated close to the beach and all amenities of Menton, enjoying stunning sea views across the harbour. There are 19 ...
- Floor Size: 480 square metres
- Bedrooms: 19
This charming 3 star hotel is set on the outskirts of a delightful village, in a bucolic area surrounded by olive trees, vineyards and beautiful pine forests. The stylish hotel was completely r...
- Bedrooms: 23
Charming 12 bedroom hotel, with a vast total built area of 430m2, ideally located in a quiet setting on the ski slopes of La CLusaz, in the Massif des Aravis area. This charming hotel is set wi...
- Floor Size: 430 square metres
- Plot Size: 2,000 square metres (0.20 hectares / 0.49 acres)
- Bedrooms: 12