DoloresC Posted December 21, 2009 Share Posted December 21, 2009 Hi there,I am thinking of selling 3x1/4 shares in my own apartment in Antibes which I have owned for 5 years. My friend has done it and she really recommends this method of owning an apartment. Would anyone have any advice on how to start things off? Its basically a case of seeing some return AND the apartment will be used more often.Thanks,D Link to comment Share on other sites More sharing options...
P-D de Rouffignac Posted December 21, 2009 Share Posted December 21, 2009 Best to consult a Notaire who I imagine will suggest creating an SCI (property holding company) in which you and the other partners will each hold shares. An agreement would have to be drawn up regarding use of and care of the apartment. P-D de R. Link to comment Share on other sites More sharing options...
DoloresC Posted December 22, 2009 Author Share Posted December 22, 2009 Hi,Many thanks for your reply - do you have any idea of where to advertise?Thanks! Link to comment Share on other sites More sharing options...
Sprogster Posted December 23, 2009 Share Posted December 23, 2009 DoloresC, I would also check the Reglement de co-propriete for your apartment building to ascertain whether or not you are actually permitted to sell fractional ownership of your apartment. Many associations do not allow this, as multiple non related ownership of a single apartment, is seen as undesirable and potentially problematical for a Syndic in managing the building.Maybe a better solution is for you to rent the apartment when you are not using it, rather than risk the complications of dealing with co-owners who are strangers that you might fall out with, over how the apartment is maintained. Link to comment Share on other sites More sharing options...
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