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Real estate agencies will now have to be much more precise in their advertisements.
Since April, real estate agencies also have to specify to future tenants the amount of the monthly rent “all-inclusive”.
Advertisements relating to buying or renting a property will have to be more precise. Real estate advertisements relating to a sale or rental of housing will have to be more precise. In the Official Gazette on Wednesday, a decree issued on January 10 under the Alur law (for access to housing and town planning) imposes new obligations on professionals who bring acquirers or tenants and sellers or landlords into real estate.
Effective April 1, 2017, sales announcements will have to systematically specify the sale price of the property and to whom is the payment of the fees of the intermediary, according to the order.
The sale price of the property must include the share of professional fees paid by the purchaser, expressed both in terms of fees included and excluded – in a larger font size for the former. It can not “under any circumstances include the share of the fees charged to the seller”. The amount inclusive of taxes (TTC) of the latter must appear as a percentage of the value of the property, preceded by the mention “Fees”.
“Too much info kills the news,” replied Jean-François Buet, President of the Fnaim, contacted by Le Figaro. Is it really useful to include both the sale price excluding agencyfees, agency fees and the selling price with agency fees? “.
For more information regarding French real estate law, visit http://www.cabinet-roche.com/en/ .