Many British or Irish citizens have purchased property in France as part of leaseback development projects. All properties in the same development are usually leased out through a commercial lease to a management company responsible for subletting it to students, elderly persons or holidaymakers. Owner of property in France frequently ask how to evict a […]
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 […]
Eviction penalty paid by landlord after termination of French commercial lease
Under French law, a landlord must rent a commercial premise (a shop, a factory, a restaurant), under a commercial lease (“BAIL COMMERCIAL”); for a minimum mandatory duration of 9 year. When the lease reaches this 9 year term, the tenant is entitled to continue the contract. If the landlord wishes to repossess the property an […]
Duration of French commercial leases “bail commercial” when signed with the operator of a tourist residence “résidence de tourisme”
Commercial leases “bail commercial” are intended to organise the occupation of a commercial premises (a shop, a factory, a restaurant). They must not be confused with professional leases “bail professionnel” for an activity that is not considered as “commercial” under French law but “professional” (such as medical or legal activities). Neither must they be confused […]