ORF Posted March 8, 2007 Share Posted March 8, 2007 Hello, I have just had an offer accepted on a studio apartment in Nice and am now waiting for the relevant documents to arrive. I would like to add some clauses suspensifs to the Compromis De Vente. I have come up with the following and would appreciate any advice on whether they could all be included, whether they should be accepted by the seller and / or if others could be added. I have the right to cancel my purchase of the property and receive the deposit back in full if:The survey highlights anything out of the ordinaryI do not receive a mortgage loan from: CREDIT AGRICOLE BRITLINE, 15 esplanade Brillaud de Laujardière, 14050 CAEN CEDEX, FRANCE. If I cannot use the property for short term holiday lettingsIf any of the utilities including water (hot & cold) and electricity are not in good working order or require renovation or need to be updated to conform to government standards. If I am not able to move or remove the interior (non structural) walls, comprising of the kitchen and bathroom. If I am not able to install air conditioning If I am not able to move or remove the existing radiatorsIf there are any major neighbours disputes which may affect the property.I will not be liable for any pending items such as works approved but not carried out (repairs / refurbishments etc) as agreed by the Copropriete.I look forward to hearing your responses, Oliver Link to comment Share on other sites More sharing options...
Clair Posted March 8, 2007 Share Posted March 8, 2007 I would suggest a lot of these should already be in the "Règlement de Copropriété".1. The survey highlights anything out of the ordinary:you should have had a survey prior to making an offer. This is too vague and likely to be rejected by the vendor2. I do not receive a mortgage loan from: CREDIT AGRICOLE BRITLINE, 15 esplanade Brillaud de Laujardière, 14050 CAEN CEDEX, FRANCE. Standard claude when a loan is required for the purchase3. If I cannot use the property for short term holiday lettings:see the Règlement de Copropriété4. If anyof the utilities including water (hot & cold) and electricity arenot in good working order or require renovation or need to be updatedto conform to government standards. See 1 5. If I am not able to move or remove the interior (non structural) walls, comprising of the kitchen and bathroom. See 36. If I am not able to install air conditioning. See 37. If I am not able to move or remove the existing radiators. See 38. If there are any major neighbours disputes which may affect the property.How will you know?9.I willnot be liable for any pending items such as works approved but notcarried out (repairs / refurbishments etc) as agreed by the Copropriete.You might still be liable, but able to sue the vendorSome sites for further info:CopropriétéFrench copropriété: introduction (English)mon immeuble Link to comment Share on other sites More sharing options...
BJSLIV Posted March 8, 2007 Share Posted March 8, 2007 Ask yourself whether you would sign an agreement with all these get outs if you were the vendor........... Link to comment Share on other sites More sharing options...
Chief Posted March 9, 2007 Share Posted March 9, 2007 [quote user="ORF"]Hello, I have just had an offer accepted on a studio apartment in Nice and am now waiting for the relevant documents to arrive. I would like to add some clauses suspensifs to the Compromis De Vente. I have come up with the following and would appreciate any advice on whether they could all be included, whether they should be accepted by the seller and / or if others could be added. I have the right to cancel my purchase of the property and receive the deposit back in full if:The survey highlights anything out of the ordinaryI do not receive a mortgage loan from: CREDIT AGRICOLE BRITLINE, 15 esplanade Brillaud de Laujardière, 14050 CAEN CEDEX, FRANCE. If I cannot use the property for short term holiday lettingsIf any of the utilities including water (hot & cold) and electricity are not in good working order or require renovation or need to be updated to conform to government standards. If I am not able to move or remove the interior (non structural) walls, comprising of the kitchen and bathroom. If I am not able to install air conditioning If I am not able to move or remove the existing radiatorsIf there are any major neighbours disputes which may affect the property.I will not be liable for any pending items such as works approved but not carried out (repairs / refurbishments etc) as agreed by the Copropriete.I look forward to hearing your responses, Oliver [/quote]As a seller i would immediately think you wanted your cake and to eat it. Vague suspensifs to say the least. Many of the items you list should be considered and acted upon before you make an offer. Being as kind as possible to you, i would surmise that you have jumped into a deal, and are now considering your 'offer in haste' in the cold light of day. You should have applied the reason and logic before you made the offer. My guess is that had you acted a littlwe slower, you would have had answers to all these questions before you made your offer. Link to comment Share on other sites More sharing options...
Deimos Posted March 9, 2007 Share Posted March 9, 2007 If I was selling I would still be looking for somebody to buy.Some is your "issues" could be established by yourself in a few moments !! (e.g. Can I remove interior non-structural walls). I would think that a clause about getting a mortgage is fine, but to name a specific bank, specific branch might be a bit OTT. A lot of the clauses are very vague and normally checked before the CdV anyway.As I say, if it was me selling I would be looking for somebody wanting to buy.Ian Link to comment Share on other sites More sharing options...
Babbles Posted March 9, 2007 Share Posted March 9, 2007 Our Notaire, stated about which mortage but also what interest rate, so is you could only get a mortgage at an high rate you still wouldn't have to complete, there are probably too many issues for clause suspensive , but still ask the questions as the information could be made to you on the day you sign the compromis, if you see the information before you sign they don't have to be included so it then doesn't look like your being unreasonable. Link to comment Share on other sites More sharing options...
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