French Real Estate Buyers talk to your Notary about your Share

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French Real Estate Buyers Remember to talk to your Notary about your Share

If you are buying a French property and you are buying it with someone else you need to make sure you have noted in the deed the appropriate portion of value you wish to have in the property when the property is sold.

We cannot give you legal advice, we are simply writing this to remind you to speak with your notary about the proportion of the value you wish to have in the property. If, for example, one spouse wishes to use an inheritance as the down payment and wants to be able to extract that inheritance from the sale price of the home when the property is sold then this spouse needs to consult with their notary about this.

Even if you are not concerned about you contributing the down payment makes sure you discuss with your notary how the property has it value shared between you and the other owner (s) so you know your legal position.

Contact your English speaking French notary for advice to avoid surprises that can turn into a financial shock when the property is sold.