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 6 bedroom Belle Epoque Villa in the centre of Samoens, currently run as a Boutique Hotel, but equally, could be a spacious and very well-appointed private home. Set in a charming priv...
- Bedrooms: 6
Outstanding Nineteenth Century Chateau in the Geroise countryside offering a great turnkey business opportunity as small boutique hotel or luxurious family home. This exceptional property is ...
- Floor Size: 700 square metres
- Plot Size: 59,275 square metres (5.93 hectares / 14.65 acres)
- Bedrooms: 11
Luxurious hotel/restaurant set within a large plot of 1,121m2 with a swimming pool, with a total living area of 610m2, located in a very touristic village with a 7 room and owners apartement (with als...
- Floor Size: 610 square metres
- Plot Size: 1,121 square metres (0.11 hectares / 0.28 acres)
- Bedrooms: 10
Magnificent Nineteenth Century French Chateau close to Cognac on the banks of the Charente river offering an exciting hotel, business or income generating opportunity. This stunning 19th cent...
- Floor Size: 3,200 square metres
- Plot Size: 25,000 square metres (2.50 hectares / 6.18 acres)
- Bedrooms: 43
Beautifully presented and well located 3 bedroom villa with a private swimming pool, terraces and splendid sea views, ideally situated within a highly sought-after private estate of Les Hauts de Vaugr...
- Floor Size: 120 square metres
- Bedrooms: 3
Ideally situated in the charming hamlet in Annecy Le Vieux and rare on the market in this area, this superb refurbished 4 bedroom duplex apartment has a total spacious living area of 292m2, situated w...
- Floor Size: 292 square metres
- Plot Size: 495 square metres (0.05 hectares / 0.12 acres)
- Bedrooms: 4
Magnificent manor house dating back to the Seventeenth Century, currently operating as a well established and successful luxury hotel with restaurant, bar and 22 en suite guest rooms. This qu...
- Floor Size: 1,539 square metres
- Plot Size: 40,000 square metres (4.00 hectares / 9.88 acres)
- Bedrooms: 32
Superb 10 bedroom hotel, ideal for nature lovers wishing to combine a professional activity and a life in a nature paradise on the French Riviera, ideally nestled on one of the first lower passes of t...
- Floor Size: 783 square metres
- Plot Size: 50,000 square metres (5.00 hectares / 12.36 acres)
- Bedrooms: 10
Superb and immaculately presented 3 bedroom villa, with a total spacious living area of 180m2, situated within a mature landscaped garden of 700m2 with panoramic countryside views, located in the high...
- Floor Size: 180 square metres
- Plot Size: 700 square metres (0.07 hectares / 0.17 acres)
- Bedrooms: 3
Beautiful 16 bedroom hotel in Aquitaine in a picturesque riverside setting offering comfortable owners accommodation as well as generous income opportunities. This former character waterm...
- Floor Size: 1,200 square metres
- Plot Size: 12,734 square metres (1.27 hectares / 3.15 acres)
- Bedrooms: 19