Hanon Law “Loi Hanon” March 17 2014 brings simplification to termination of house insurance contacts on French properties

Under French Law a house insurance contract is automatically renewed on anniversary date. Before the “Loi Hamon” reform, failing to give notice 2 month before anniversary date, the contract was automatically renewed for one year without possibility of terminating it before the next anniversary date. “Loi Hamon” has simplified conditions of termination. After the first […]

How can you obtain a two year suspension of payment of mortgage installments?

Many individual investors having acquired properties in France under leaseback programs are now facing difficulties to pay the monthly installments of their French mortgage. These investors had purchased a property in France, usually in a “Residence de Tourisme” To beneficiate from this tax advantages (notably reimbursement of VAT), all the investor in a residence had […]