french-real-estate

French Real Estate

BUYING / SELLING or RENTING a real estate in France can be tricky

Many issues arise when you buy and sell or rent real estate in France :

LEASE BACK INVESTMENTS in FRANCE

Many issues arise when you purchase a lease back investment in France :

  • Termination of a Commercial Lease due to unpaid rents
  • Termination of a Commercial Lease in France
  • Charges and Commercial Lease in France
  • Obligations of the company managing and operating company
  • Responsibilities for lease hold repairs.
  • Selling a Commercial Lease in France
  • Legal solutions and Litigation in France
  • the notice period under the French Law
  • What should I do if my tenant in France is not paying rent ?
  • 4 pitfalls to avoid in a student residence
  • Pitfall: service residence rents which are too high
  • Service premises in a co-ownership

PITFALLS TO AVOID IN TAX-EXEMPT REAL ESTATE ESTATE IN FRANCE

Annual yield and total rent for the final client (client of the operating company)

Tip 1: Be wary of promised rates of return

Be wary of promised rates of return that exceed the average yield (3.5 % and 4.5 % depending on the city) of real estate properties in France.

Tip 2: Check that the rents established by the operator match the prices of the local rental market

Tip 3: Have a lawyer go over the commercial lease

Understand the contracts you sign. Few hundreds of euros are better than several thousands (or ten thousands) of loss.

Tip 4: Never buy real estate sight unseen! Whether it is tax-exempt or not!

This is neither a financial transaction nor a ” guaranteed tax avoidance plan “, but a PROPERTY PURCHASE, which is subject to the same rules as any other purchase (e.g. main residence).

Tip 5: Never forget the golden rule regarding PROPERTY LOCATION (IN FRANCE)

No, the operator who “guarantees” an annual rental rate does not assume all the risks. If his returns are unsatisfactory, he will not hesitate to stop paying the rent to negotiate a reduction! Have an exit strategy already in place from the moment you invest: Try to think ahead to the resale of the property in France.

Tip 6: When to sale ? Before any major repairs are required, for example (9 to 10 years maximum, for example).

Tip 7: Inquire about the resale market for this type of property, even if it is difficult to find this information.

solutions

Legal Issues in France

The following legal issues are quiet common in France:

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Solutions We Provide

Our job is to help and councel English speaking clients in France.
We are providing the following legal solutions.

French Real Estate Law

We councel and represent our English speaking client in France. We used to live in Sydney (Australia).

French Commercial Lease

Fixtures inventory and charges inventory -New Lease – Renewal of a Commercial Lease in France – Content of the Charges Inventory-Inventory of Charges and Taxes

Can I terminate the lease?

Rent due date – Unpaid Rent – Termination of the commercial lease – Procedure in case of rent non-payment – lawyer in France

Contract with the French real estate agent

Preliminary agreements – Buying Real Estate in France

temoignages

Clients Reviews

Read some reviews of our satisfied customers!

A comprehensive settlement

Unpaid Rent and Selling the Tax-Exempt Property

The tenant (a major Parisian hotel company) of my French lease-back property decided not to pay any rent for five years. Unreal. The French legal system for the uninitiated is complex. Two lawyers tried and failed to rectify matters. An American contact recommended Maitre Prot and matters immediately improved. Ms. Prot adopted a practical, no-nonsense and wise approach to the case. Adrienne explained the relevant laws in layman’s, started the right proceedings in the right venue and ultimately negotiated a comprehensive settlement of the rent arrears and advantageous sale of the property. Adrienne was fast, solution-oriented and her English is more than adequate for communication. I would have no hesitation in recommending Maitre Prot or her Firm to any client that may be considering their services.

John W.Bermuda

Great relief!

Sell our lease-back apartment in France

We were unsuccessful over many months in our endeavours to sell our lease-back apartment in La défense, Courbevoie. However, within a matter of weeks following her appointment as our attorney,  Me PROT was able to source a buyer through her extensive network and to negotiate favourable terms of sale (alleviating the need to appoint a separate sale agency). Indeed, her firm took care for us of all the sale formalities and legal procedures from start to finish and it was a great relief to be able to rely on her expertise through this path of potential pitfalls, especially for foreigners unfamiliar with the French processes and language. We are confident that in placing your trust in Me PROT, she will act in your best interests, as if they were her very own at stake !

Jeremy & DianaNoosa, Australia

Get the money which belonged to us

Unpaid Rent French Lease Back

We were so lucky to find Adrienne, who rescued us from our leaseback problems. After lies, misinformation, and delays from the developer, Adrienne protected us, and was able to get the money which belonged to us. The French legal system is fair, but difficult to understand for foreigners. Adrienne’s legal skills, her persistence on our behalf, and her ability to communicate perfectly in English were a tremendous benefit. We highly recommend her.

Jack & Chris Arizona (USA)
team

Our Team

We believe in LOW COST and CLIENT ORIENTED legal services in France for English-speaking customers.

WHO ARE WE ?

  • English-speaking lawyers (we used to live in Sydney and we love to travel)
  • Doing Business mainly in Paris and on the French Riviera and are able to represent you all over the country
  • Members of the Paris Bar since 2003

WHY CHOOSE US ?

  • We know what it is feels like to be a “foreigner” and not understand a word of the situation
  • We answer our phones (and phone calls/skype are free!)
  • We are a boutique law firm : your case will be taking care of by one of the main partner
Maître Bruno TRAESCH Maître Adrienne PROT

Maître Bruno TRAESCH Maître Adrienne PROT

Lawyer, Bar of Paris, France View Details
Maître Bruno TRAESCH Maître Adrienne PROT

Maître Bruno TRAESCH Maître Adrienne PROT

Lawyer, Bar of Paris, France

Maître Bruno TRAESCH Maître Adrienne PROT
Lawyer, Bar of Paris, France

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