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Explain in English the French real estate term ‘règlement de co-propriété’

In France, the ‘Règlement de co- propriété’ is the strata or condominium agreement that splits a development horizontally and vertically into apartments.

The specific division of each apartment is done via a document called ‘état descriptif de division’. This document makes individual titles (titres in French) for each apartment so they can be sold as free hold.

The document also describes the common areas shared by the owners, the items included in private ownership, the mutual agreements between the owners like what is permitted in terms of alterations, external appearance of the apartment etc.

All the details detailed in the document create a structure that needs to be followed by the Syndic  for the co-property.

This is simply an introduction to this topic if you wish to learn more contact an English speaking French notary here

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What happens before and during L’acte de vente définitif at the notary’s office?

View of Nice French Riviera

L’acte de vente definitif is the final deed of sale in your purchase or sale of a French property. L’acte de vente definitif typically takes place at least two months after the signing of the preliminary contract known as ‘L’avant contrat’ or ‘compromise de vente’ in French.

During these two months between the signing of the preliminary contract and the final deed of sale the notary in charge of the sale collects a variety of documents including documents to confirm the existence of any pre-emptive rights, the existence of any easements, the validity of a construction permit for major work done and confirmation of the diagnostics of the property.

The notary will also confirm if the property is still encumbered with mortgage or other forms of financial encumbrances such as a lien on the property.

The notary confirms the right of the seller to sell the property especially if the property has multiple owners or is owned by a company.

After this work and more is done the buyer and seller are invited to sign the final deed of sale at the notary’s office.

During the signing of the sale the notary reads and review the documents to the parties present who have identified themselves as the buyer and seller.

Finally, each buyer and seller initials each page that becomes part of the deed of sale and they sign the final page of each section.

Then the sale is concluded and the seller will be notified of how much he will receive and when and the buyer will receive the keys from the seller.

This is simply an overview of what happens before the signing of L’acte de vente definitif and during the meeting at the notary’s office.

To confirm details about the process and be current you need to contact a French notary via their website

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What is the French term for a strata property management company?

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The French real estate term for a strata or condo management company is ‘Syndic’. The Syndic is responsible for the managing of a French co-property, for example, an apartment building.

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In French, what is the name for French strata or condominium property?

French Apartments in Nice, French Riviera

In France, the legal name for a privately owned apartment is a ‘co-propriété’. Even though you will rarely here a French person talking about their co-propriété, they will typically refer to it as ‘mon appartement’.

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In a French property transaction how long does it take to transfer money to or from a French Notary?

Gothic Palace Apartments Cannes French Riviera

At this time we were told by one notary a money transfer from a bank to a French notary for a purchase of a property typically takes at least 5 working days or more. You will also most likely wait the same period of time when you are expecting payment from a French notary after the sale of your French property.

This is because at the present time money going to or coming from a French notary has to go through a special process with a centralized financial depository to protect the security of your money and reduce the possibility of fraudulent transactions or payment.

Make sure this is current information by contacting your English speaking French notary today.

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