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cafe10

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  1. [quote user="nomoss"]You can find information on property taxes here [url]https://www.french-property.com/guides/france/finance-taxation/taxation/local-property-taxes[/url] TdH is payable by whoever ocupioes the property on Jan 1 of any year. The owner of the property on Jan 1 is liable for TF, but this is customarily shared, in some areas, pro-rata, between seller and buyer, usually on the basis of the previous year's figure.Any sharing agreement must be recorded in the final Acte. Further reliable advice on buying property can also be found on this site, links are on the LHS of the page I linked to above. [/quote] Thanks for letting me know Nomoss. When you say the TdH is payable by whoever occupies the property of Jan 1 of any year, is that the current year? Or January 1 of the following year? For example, since I'm buying the property end of this week, which Jan 1 is the reference point (Jan 1, 2018 or Jan 1, 2019)? Who is legally supposed to pay the current bill for TdH if I sign to become owner this Friday? The current owner or me? Any thoughts re who pays the charges de copropriete du trimestre en cours?
  2. [quote user="nomoss"]You previously posted (twice) that you have just bought an apartment in Franc. Is this the same one, or are you already buying another? [/quote] Actually it's the same one. The final meeting with notaire is very soon.
  3. Hello all, I'm in the process of buying an apartment in France, and the notaire (seller's notaire) has just sent me a preliminary draft of the contract Acte de Vente which I will sign with the owner/seller in two days (this thursday). I must admit reading the contract is a bit daunting. While I speak/reach French, I'm not fluent and reading this legal text in French is intimidating and there is a lot I don't understand. I was wondering 3 things and would appreciate your thoughts on it: 1) Is there anything in particular which you think I should look out for when reading the contract and which I must absolutely check, be sure is in there (or is not in there) or negotiate with the owner or notaire as the person purchasing the property? 2) The draft contract of the acte de vente which has been sent to me is in two parts (partie normalisee et partie developpee, see below). Is it normal for this contract to be in this two parts? :(1) La premiere partie dite "partie normalisee" constitute le document hypothecaire normalise et contient toutes les enoniations necessaires tant a la publication au fichier immobilier qu'a a la determination de l'assiette et au controle du calcul de tous impots, droits et taxes; and (2) La second partie dite "partie developpee" comporte des informations, dispositions et conventions sans incidence sur le fichier immobilier. 3) Who should pay the tax fonciere (the seller or me, the buyer)? Should I be paying any of this (I am being charged some part on pro rata basis)? I am scheduled to become the owner from 14 December this year onwards. If there should be a pro rata, how is this calculated? 4) Who should pay the charges de copropriete? Should I be paying any of this (I am being charged some part on a pro rata basis)? I believe the charges are by trimestre. I will be purchasing the property during the 3rd trimestre. If there should be a pro rata, how is this calculated? 5) Who should pay for the fonds de travaux for the year? This is an obligatory fond in co-proprietes in France. The owner has already paid for the year. I am being asked to refund the owner for this charge. Look forward to hearing from you and best regards, Cafe10
  4. [quote user="lindal1000"]We rent out a house and are about to rent a second. We gave up with the agents as they were hopeless..advertised ourselves on Le bon Coin and vetted the tenants ourselves. The one we had did not meet the financial requirements but her parents were guarantors. If you have a guarantor then usually you can't get insurance. There is a government scheme that provides insurance for young renters on low incomes, that they can sign up to for free. Our first tenant moved on after a year and we have just re let to a nurse, who also didn't meet any of the criteria but again her parents were guarantors and she seemed very nice.. you can't really tell, but we had many enquiries and some were a no right from the first contact. We always check ours out on Facebook as well.. just to make sure they don't have any dodgy looking friends![/quote] Thanks Lindal, this is really good to know.
  5. [quote user="Lehaut"]Good luck. If there is an insurance, get it but make sure you understand the small print. If the defaulting tenant pays something towards the rent, I believe some insurances then do not pay out. Don't think any insurance will pay when the flat is just empty. We let a flat in Paramé, just outside St Malo. The original tenant died and we paid an agent to find a new one, expecting them to do due diligence. ... I hope many other owners come on and tell you that our case is very rare (talking to others I don't belive it is) and you can get the perfect insurance. Just go in with your eyes and wallet wide open. As a rough guide, from the rent and charge she paid, minus the charges we had to pay plus social charges to the state, we got about half the rent. This does not include the maintenance of the buildiing (eg redoing the rendering, roof etc). We had the flat for 13 years, refloored it , new kitchen and bathroom half way through and when the tenant died sold the flat for about the same price we bought it for. It was 10 mins walk from the beach at Roterneuf Plauge Parame Hey ho, what does not kill you makes you stronger.[/quote] Thanks so much for sharing your story Lehaut and the challenges with having a rental in France. It's quite a reality-check, and am glad to know before starting the rental process.
  6. [quote user="EuroTrash"]"Impayé" means unpaid. As Norman says, this insurance is to cover tenants who default on their payments. I trust you have looked into French rental law. If you have, you'll know how difficult it is to evict a tenant even if they do stop paying. [/quote] Thanks for letting me know Euro Trash. I had heard vaguely that tenants were protect in France, but wasn't familiar with to what extent. Definitely important to be aware of this.
  7. Hello, I've just bought an apartment in France which I will be renovating and then plan to rent out to a tenant. As I'll be paying a mortgage on the place, I'm hoping the monthly rent will be able to cover my monthly mortgage payment to the bank. For months when the place is not being rented out or when I can't find a renter, someone suggested to me to buy an assurance loyers impaye. Does any France property owner here have experience with buying this insurance? Do you recommend it? Is it useful and effective? About how much does it cost? Is there a specific assurance loyers impaye that you suggest (which company)? Look forward to hearing from you and best regards, Cafe 10
  8. Hello, I've just bought an apartment in France which I will be renovating and then plan to rent out to a tenant. As I'll be paying a mortgage on the place, I'm hoping the monthly rent will be able to cover my monthly mortgage payment to the bank. For months when the place is not being rented out or when I can't find a renter, someone suggested to me to buy an assurance loyers impaye. Does any France property owner here have experience with buying this insurance? Do you recommend it? Is it useful and effective? About how much does it cost? Is there a specific assurance loyers impaye that you suggest (which company)? Look forward to hearing from you and best regards, Cafe 10
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