House Buying Process in France

Buying Off plan
- 1. Introduction
- 2. Preliminary Contract
- 3. Vefa Contract
- 4. Guarantees
- 5. Payments
- 6. Delivery

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3. VEFA Contract for 'Off Plan' French Property

3.1. Contract Documentation
3.2. Price
3.3. Delivery Date
3.4. Fees
3.5. Grounds for Withdrawal
3.6. Insurance

3.6. Insurance for 'Off Plan' French Property

When you sign the contract you become owner of the land on which the property is to be constructed, together with any construction that may already be on the land.

Like all owners it is, therefore, necessary to take out public liability insurance and insurance against fire and other risks. As stages on the construction of the property are reached, you may well find your insurer requires that you increase your insurance cover.

The builder continues in control of the project as maitre ouvrage until delivery, and to deal with architects, contractors and sub-contractors.

Next: Financial and Building Guarantees for 'Off-Plan' French Property

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