Category: French Real Estate

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What is the difference between ‘bain’ and ‘baignoire’ in a French real estate advertisement?

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What is the difference between ‘bain’ and ‘baignoire’ in a French real estate advertisement?

As far as we know the difference between a ‘bain’ and a ‘baignoire’ is not much. They are the same in the sense that they are referring to a bath. La salle de bain means bathroom and the bath in the bathroom is a ‘baignoire’.  If we are wrong please send us a message to correct us, thank you.

Find more explanations of French real estate terms by using the search bar on this site. If you do not find what you are looking for ask us and we will work on getting you an answer.

If you wish to connect with an English speaking French real estate agent in your area of choice we can help you connect at no charge for our assistance. Contact us here

NEWS: Have you seen our French real estate buyer’s guide that comes with a 100 percent money back guarantee? Here it is

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January 2018 Another Rule for French Property Landlords

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Two New Diagnostics Must be Provided by Landlords to Tenants

As of January 1, 2018, all French property landlords must provide their renters with a diagnosis of the condition of the domestic gas installations and a diagnostic for the condition of the electrical installations of the dwelling.

These diagnostic reports must be made by a professional who verifies key points of security.

The documents to be provided when signing or renewing the lease and they are only valid for a period of 6 years. This new owner obligation relates to apartments or houses whose facilities are more than 15 years old.

As a renter or landlord confirm the application of this rule to your residence before renting.

Source article in French here

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French residence tax taxe d’habitiation will you benefit from a reduction?

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The new French tax ruling promised by President Macron on his campaign trail is about to start.

80 percent of French home owners will potentially benefit from the suppression of the resident tax (taxe d’habitition) on their principle residence over the next three years starting 2018.

Find out if this applies to you with the this French tax simulator.

Simulator is in French

 

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New Rule for French Property Landlords

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French real estate owners renting their property have a new document they must give as notice to renters when they wish to give notice to tenants to leave.

According to an article in French in Explorimmo here from 1 January 2018, the French property landlord must attach a special information notice to his tenant, if the landlord decides to take back the dwelling to live there or to house a relative or even if he wants to sell the residence.

This new document must indicate the identity and address of the beneficiary of the recovery and specify the relationship between them. As for requesting the tenant to leave so the residence can be sold, this notice at this moment in time can only be issued at the end of the first renewal of the current lease.

Remember French real estate rules change make sure you are up to date by speaking with a professional. These articles are for information purposes and the value changes over time.

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French Real Estate Mortgage Insurance Now Renegotiable

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When you have a French mortgage you get mortgage insurance and this mortgage insurance can be something you wish to negotiate. Up until recent change was not an option. Now it is official, the French Constitutional Council agrees that right of annual cancellation of all insurance policies by a borrower is in accordance with the law contrary to an appeal by the French banking federation.

As of Friday, January 12, 2018 the decision of the council allows individuals to apply to change their insurance on the mortgage on the anniversary date of the insurance. Note: make sure you confirm these details with your bank and prepare ahead of time.

As quoted in French in Explorimo and translated “all loan insurance contracts, including old ones, can be terminated on the anniversary date and replaced by another, provided that the guarantees are equivalent to the bank’s acceptance of this new contract.

This can offer significant savings to loan holders if the new insurance is at a lower cost per month.

Contact your English speaking French mortgage broker for more details. If you need assistance in locating a English speaking French mortgage broker we can help you connect at no charge for our assistance to you. Contact us here

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