french-real-estate

French Real Estate

We Make French Law Understandable.

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 ARE COMPLICATED

There are specific considerations for French lease back investments :

  • 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 managing/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 when investing in a student residence
  • Trap: serviced residence rents which are too high
  • Service premises in a co-ownership

PITFALLS TO AVOID IN TAX-EXEMPT REAL 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 review the commercial lease

Understand the contracts you sign. A few hundred euros for legal advice can prevent thousands of euros of potential losses in the future. (please see our clients’ review)

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 real estate purchases (e.g. main residence, which you would never buy sight unseen).

Tip 5: Never forget the real estate golden rule:  Location. Location. Location.

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!

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

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

Have an exit strategy already in place from the moment you invest: Try to think ahead to the resale of the property in France.

The sale of leasebacks is very difficult and time-consuming and we can advice you on specialists in this area.

solutions

Legal Issues in France

We Make French Law Understandable !

tenant-clients-review

Clients Reviews

We Make French Law Understandable. 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

Settlement Successfully Negotiated

We only wish we had involved him earlier!

We fell into a dispute over the findings of a ground study and no longer wanted to complete our French property purchase. We felt that French Law supported our case but were unable to persuade the seller, and the notaire was unhelpful. We quickly became comfortable communicating our position in English and trusting M. Traesch to represent us to the other parties. He successfully negotiated the return of our deposit at a reasonable cost.

Mike C.London, UK

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)

Fighting my corner

Unpaid Rent of a Leaseback Property

My “flat” is split into 2 self-contained rooms. I had a phone call with the manager, who was claiming that he is not the tenant! (liquidation and change of company), litigation was the only way. I employed the services of Bruno Traesch. He has been very efficient in fighting my corner. We have won all our court cases … I would seriously recommend his services to you all.

NickEngland, United Kingdom

Dispute with my tenant

Property in France

Mr Bruno Traesch worked for us where we had a tenant on our land. Our tenant was sub letting and we did not know what to do. Mr Traesch  advised us and worked for us on the removal of this tenant this was very successful. We will hire him again if we needed to . No problem was to small for him.

Mr and Mrs NewmanNormandy, France
our-service

Solutions

Providing Practical Real Estate Advice and Timely Legal Counsel for English-Speaking Clients Around the World.

 

Our Network

connected to notaries, bailiffs, real estate agents, translators and the leading website for the English Speaking Community in France

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

French Real Estate Contracts

Preliminary agreements – Buying Real Estate in France

english-speaking-lawyer

Our Team

LOW COST and CLIENT ORIENTED legal services in France for English-speaking clients.

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
  • Partners, Members of the Paris Bar since 2003

Me BRUNO TRAESCH

  • Born and raised in Paris, France.
  • Rugby (club and university and school)
  • International High School, Sorbonne University Law School (Paris) and Sciences-po (Paris), media.
  • Round the World Travel (2005)
  • French Ambassy (Consulate general), Sydney, New South Wales, Australia.
  • Member of the Bar of Paris
  • Phd Doctoral Thesis, Online Dispute Resolution, Sorbonne University (04-09)
  • Lawyer in several International Law Firms in Paris (Vaughan, Kuckenburg, Koan).
  • TRAESCH AVOCAT launched in 2010.
  • Jodo and Kobudo, Screenplay writing, French History, Contemporary Art

bruno.traesch @ lesavocats.info

Me ADRIENNE PROT

  • Born and raised in Paris, France.
  • Sorbonne University Law School (Paris), Institute of Criminology (Paris)
  • Member of the Paris Bar (2003)
  • Round the World Travel (2005)
  • Lived in Sydney, New South Wales, Australia.
  • PROT AVOCAT launched in 2007
  • Alternative Dispute Resolution International School Degree (130 hours Paris Bar course)
  • Non-Violent communication training Course (Paris)
  • Negociation training course (in English)-International Association of Lawyers
  • Yoga, mediation, simple things, happiness.

adrienne.prot @ lesavocats.info

WHY CHOOSE US ?

  • Ask your question for free, we will answer by email
  • We know what it is feels like to be a “foreigner” and not understand the language, especially legal terminology
  • We answer our phones (and phone calls/skype are free!)
  • We are a boutique law firm. We offer personalized service. Your case will be taken 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

ASK YOUR QUESTION (FREE) - RESPONSE WITHIN A BUSINESS DAY

We will respond to all e-mail contacts within a business day. We Make French Law Understandable. The answer to your question will be written only by a partner of our law firm.