In French real estate what is mean by a ‘contrat de réservation’?

A ‘contrat de reservation’ is the first step you take when you want to buy a new French property from plan or ‘off plan’.

The ‘contrat de reservation’ is created when you pay a deposit of typically 5 percent of the purchase price of the property and with this deposit you secure an option to purchase the property when the developer is able to provide an individual title for the property.

To make sure no part of the process to buy a new French property from plan has changed since we wrote this note  it is a wise idea you speak first to an English speaking French notary so you understand the process of purchasing a property that does not yet exist. Click here to contact us and we can help you find an English speaking French notary.

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