HomePropertiesRentalsGuides to FranceRegionsServicesForumsNewsVersion Française
Log-in | Register

Log-In to Account
Username

Password


Not registered?
House Buying Process in France
Legal Process
 - 1. Top tips
 - 2. Offer to Buy
 - 3. Sale & Purchase Agreement
 - 4. Contract Conditions
 - 5. Property Surveys
 - 6. Local Search
 - 7. Sole Ownership
 - 8. Joint Ownership
 - 9. Company Ownership
 - 10. Ownership structures
 - 11. Completion
 - 12. Fees and Taxes
 - 13. Annex Pre-Contract Enquiries
Guides to France
Buying Property in France
 - House Buying Process
 - Buying Off-Plan
 - Buying at Auction
Building & Renovation
 - Building a New House
 - Planning System
 - Property Renovation
Finance & Taxation
 - Banking in France
 - French Mortgages
 - Taxes in France
 - Inheritance Laws & Taxation
Public Services
 - Health Care Services
 - School Education
 - Higher Education
Work & Business
 - Starting a Business
 - Letting Property
 - Micro Entrepreneur Business
Property Rights
 - Land Registration
 - Boundaries
 - Boundary Walls
 - Noise Nuisance
 - Rights of Way
 - Water Rights
 - Trees and Shrubs
 - Openings in Buildings
House Insurance
 - Finding a French Insurer
 - House Insurance Policies
Travel in France
 - Driving in France
Utilities
 - Postal Services
 - Electricity
 - Water
Contact
Contact Us
Send this to a friend
Community and News
 - Forums
 - Free Newsletter
 - Newsletter Sign-up
Services
 - Bookstore
 - Metric Unit Conversion
Finance
 - French Mortgages
 - Mortgage Brokers
 - Mortgages & Taxation
 - Currency Services
  

PriceRegionBedrooms 

3. Sale and Purchase Contract for Property in France

  1. 3.1. Types of Sale & Purchase Contract
    3.2. Signing the Contract
    3.3. Role of French Notaires
    3.4. Use of Legal Advisors
    3.5. Pre-Contract Enquiries


3.2. Signing the French Property Sale Contract

It is possible to sign the sale contract either through an estate agent in France, or a French notaire.

Estate agents with a carte professionelle (which includes the words de transactions sur immeubles et fonds de commerce) are authorised to act as an intermediary and may provide pre-printed sale and purchase contracts for you to sign.

No fee is payable to the estate agent for undertaking this part of the process and it is not unusual for sale agreements to be signed in this manner.

Nevertheless, we have a number of reservations about using this approach:

  • As the estate agent has been instructed by the seller, arguably they lack the independence that seems necessary in the contract process;
  • You may wish to include specific conditions in the sale agreement that may not be included on the pre-printed form, and which may need careful legal drafting;
  • There is the risk that the process may be too rushed and you may not have had the time to reflect, or the opportunity to discuss and review the finer points of the proposed purchase, such as the existence of servitudes;
  • It seems far better to avoid split responsibility between the agent and the notaire for preparation of the sale and purchase contract and the deed of sale. It is important the two documents are seamless.
  • Some agents provide a translated copy of these agreements, but you can never guarantee that the translation is correct, and only the French version will be accepted in a court of law.

Top Tip!
Accordingly, we recommend you sign the sale and purchase agreement through a notaire.

The notaire is an independent, publicly appointed official who (for the moment at least!) has a monopoly of property conveyancing matters.

Most notaires do not charge a fee for preparing and witnessing a sale and purchase agreement, so there can be little reason, on grounds of cost, for not choosing this route.

If the seller insists on not using a notaire you should immediately be suspicious.

Occasionally, notaires will impose a charge on the preparation of the contract, with it only being payable in the event that the sale does not proceed to completion. Thus, if completion is subject to the buyer obtaining a mortgage, but the mortgage application is refused, then the notaire can legally request payment for the abortive work in preparation of the sale contract.

However, they are required to advise you of this prospect prior to, or at the time of, preparation of the contract, and to also advise you how much will be the charge. It should be no more than a few hundred euros, which may only be to cover actual disbursements.

If no prior notice is given, then they cannot impose a charge, and under no circumstances can they deduct it from the deposit, which should be fully reimbursed to you.

If the notaire also introduced you to the property in their role as an estate agent, then they are also able to charge a commission, payable at completion.

NB: Where the duration of validity of the sale contract is at least 18 months, then it is obligatory to sign the agreement through the notaire.


Next: Role of French Notaires

Back: Types of Sale/Purchase Contract



Couldn't find what you are looking for? Search again now!!




The Guides to France are published for general information only.
Please visit our Disclaimer for full details.

  


LinksAdvertisingHelpAboutContact UsReferenceLegal

Copyright © French-Property.com