French Property Syndics Threatens to Increase Rates 20 percent

French property management companies called ‘syndics’ are suggesting they will increase their cost to clients (French property owners) by up to 20 percent in response to the new requirements outlined by the government of France in the new French housing act ‘Loi Alur’.

The increase in fees is said to be in response to the extra responsibilities given to syndics as part of the application of the new loi (French for law)

But not all Syndics claim the application of the new Loi Alur will be so expensive, Nexity that managers over 18000 co-properties in France says that the cost to each owner will be less than one euro and abiding by the new regulations it is not as high as some of the other large syndics are implying.

Read the source article in French here in Le Figaro

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