When buying property in France, it is essential to consider several factors. For example, you should learn about the role of a Notaire and their responsibilities in the home-buying process in France.
Property Surveys in France
The seller must provide compulsory certificates and technical diagnostic reports (DDT) at their own expense. These will cover lead, asbestos, termites (depending on the area), flood zones, energy performance (DPE), risk and pollution report (ERP) and a SPANC report indicating whether the septic tank meets the latest environmental hygiene standards.
Pre-Emption Rights
The laws governing property ownership in France vary by property type and land size. If the property is more than one hectare (over 2 acres), you may hear from the SAFER, who may step into the purchase process.
The Role of a French Notaire
In France, a Notaire handles most of the conveyancing tasks that a UK solicitor would. These include local searches, preparing the compromis de vente, and exchanging contracts at completion (l'acte authentique). He will also collect any taxes due.
The Notaire acts on behalf of both the seller and the purchaser, but the buyer pays the legal fees. Ask your agent if they work with an English-speaking notary.
Inheritance & Succession Laws
Inheritance Laws in France generally take precedence over UK law for property owned in France and specify that a deceased person's estate is shared between his/her children. Please seek specialist advice, particularly if the house is jointly owned.
French Tax and Law
You should also understand the tax implications for homeowners in France. Consult a professional to understand the tax obligations associated with owning property in France.
You should also aim to familiarise yourself with French inheritance laws, as they differ from those in other countries. Our tax partners can assist with every aspect of buying or living in France, taxation, wealth tax, succession and trusts.
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