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.
Income generating opportunity with this well positioned private hotel which is is currently run as a very successful bed and breakfast business renting out four B&B rooms and 3 self-contained studio a...
- Floor Size: 740 square metres
- Plot Size: 353 square metres (0.04 hectares / 0.09 acres)
- Bedrooms: 10
Excellent income generating opportunity with this pretty and profitable 3 star hotel with 12 en-suite rooms and owners duplex accommodation in a popular Dordogne village. Built in stone, t...
- Floor Size: 491 square metres
- Plot Size: 0 square metres (0.00 hectares / 0.00 acres)
- Bedrooms: 12
This well presented, most elegant, period property dates back to 1791 and given the extent and layout it would be suitable to be run as a B&B, small hotel or gites business. In a peaceful area ...
- Plot Size: 18,826 square metres (1.88 hectares / 4.65 acres)
- Bedrooms: 5
Character Sixteenth Century former hunting lodge, frequented by the French King Henry IV now providing hotel and restaurant facilities. This historic manor house is full of character and offer...
- Floor Size: 1,000 square metres
- Plot Size: 16,000 square metres (1.60 hectares / 3.95 acres)
- Bedrooms: 11
Fourteen bedroom hotel in a superb location on the banks of the Dordogne river in the heart of the valley, in a village with shops and amenities. The hotel offers 6 bedrooms and a restaurant whic...
- Floor Size: 400 square metres
- Plot Size: 1,805 square metres (0.18 hectares / 0.45 acres)
- Bedrooms: 14
Restaurant and auberge with 4 income-generating bedrooms as well as private accommodation with 3 bedrooms for the owners. This exciting opportunity includes: Large bar with woodburning s...
- Floor Size: 465 square metres
- Plot Size: 2,496 square metres (0.25 hectares / 0.62 acres)
- Bedrooms: 7
Excellent opportunity for a lifestyle change with income generating business with this Maison d'Hotes and Tea Room enterprise, situated in the heart of a popular and very pretty town in the Dordogne a...
- Floor Size: 290 square metres
- Plot Size: 196 square metres (0.02 hectares / 0.05 acres)
- Bedrooms: 5