"A Piece of Paris, A Piece of Property…Peace of Mind"

A Piece of Paris, A Piece of Property…Peace of Mind

Eiffel Tower View

Eiffel Tower View on the Avenue

(FOR SUBSCRIBERS ONLY)

French Property Insider

June 26, 2008
Paris, France
http://adrianleeds.com/frenchproperty/insider

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Bonjour French Property Insider Subscriber,

On the top of the list today is a reminder note that if you’re planning on attending the Living and Investing in France Real Estate Conference in San Francisco July 26-27, then register now before it’s too late. As of July 14th, the "Special Friend" price will no longer be available and it will cost you $50 more! Not only that, but the Hotel California says it’s running out of rooms…so don’t delay, do it NOW! Hope to see you there!

The latest Fractional Ownership property offered by Paris Home Shares named "Le Petit Trésor" has already half sold out! So, if this is of interest to you, then again, do not waste a single minute more. Scroll down to read the answers to some of your questions about Fractional Ownership and then contact Steve Navaro at Paris Home Shares before no shares of this very special property are left for the taking!

Some of our Paris property owners have decided to sell, rather than purchase a Paris property, with the current high rate of exchange and the low cost of property in the U.S. in their favor. While making a move to U.S. property in today’s unstable economy can be big risk, and we’d advise other, smarter ways of leveraging a euro asset to obtain additional assets in such a strong currency, it is wise to know just how to go about selling a property to make the most of it. Read on about how to take advantage of the professionals who can make it happen for you.

And finally, don’t miss the article about how to get around the French inheritance laws and be sure to visit "Hot Properties" to see the great little apartments for sale in the chic 6th district — one of the hottest spots for a luxury rental.

A bientôt…

Adrian LeedsAdrian Leeds
Editor, French Property Insider
Email: fpi@adrianleeds.com

P.S. Before you begin a property purchase, it’s a good idea to investigate mortgage possibilities to set a proper budget for your search. Contact John Rule, our Mortgage Manager, to assist you — it’s a free service of French Property Loan: http://www.adrianleeds.com/frenchproperty/loan, loan@adrianleeds.com

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Volume VI, Issue 26, June 26, 2008

* Fractional Ownership Q&A
* Own a Piece of a Treasure in Le Marais
* Fractional France
* French Property Purchase and Sales Assistance
* Minimize French Inheritance Tax
* Good Time to Buy in France
* Marriage Made in Provence for Brangelina?
* French Property Consultation on House Hunters International
* Design Your Own Fractional Property
* Upcoming Living and Investing in France Real Estate Conferences
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: July 8, 2008
* Hot Property Picks: The Sixth Makes Sense
* On the Auction Block: July 1, 2008
* Leasebacks: Amadia Resort & Spa, France, Atlantic Coast, Anglet
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments — La Bonne Nobel

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Le Petit TresorMore to Know About Fractional Ownership
By Steven Navaro, Paris Home Shares
With an Introduction by Adrian Leeds

Since "Le Petit Trésor" went on the market last week, we’ve had a variety of questions from potential fractional buyers. Fractional Ownership is such a relatively new concept, that it’s not unusual to have so many questions to understand it fully.

Below are answers to some of the most FAQ’s (Frequently Asked Questions), written by Steven Navaro, Director of Paris Home Shares, developer of Le Petit Trésor and Chez La Tour, both of which still have a few shares left for purchase.

Q: Am I allowed to sell my share and if so, how?

A: There should be provisions in the governing documents of your LLC or SCI which specify the steps to be taken should you decide to sell your share. You are usually free to sell y

our share at any time, at whatever
price you choose, subject only to a limited right of the other members of your group to purchase your share at the same price and terms once you have found a buyer. Because fractional ownership is a relatively new concept, there is not yet a ready market for such shares. However, the Internet provides many avenues for individuals to market international real estate, including fractional ownerships.

Q: Can you give an estimate of the yearly fees one would have to pay for the apartment?

A: There are annual dues for each Owner, to cover the cost of operating the apartment. The dues include all of the normal operating expenses such as taxes, insurance, utilities, maintenance, supplies, etc. The only thing not included is the cleaning fee at the end of the stay, which is paid in cash to the cleaning person. Each apartment has a specific budget based on historic operating costs

Q: Is Fractional Ownership part of the Leaseback concept?

A: Fractional Ownership is an entirely different concept from the Leaseback concept, and they really have nothing in common. If you are looking for guaranteed investment income, then the Leaseback programs may be something to consider. If you are looking for a second home for your own personal use, then fractional ownership might fit your needs.

Q: Who will ensure that the apartment is cleaned properly in between uses?

A: To ensure that the apartment is clean and ready to go, an inspection is done at the end of each month to make sure that all cleaning has been done, everything works properly, etc. A "Meet and Greet" of each owner is provided upon his arrival with an orientation tour of the apartment.

Q: Do I actually hold title to my property if I buy a fractional ownership?

A: Not directly. Title to virtually all fractional ownership properties are held in the name of a legal entity, which is usually either an American based Limited Liability Company (LLC) or a French based company called a Société Civile Immobilière (SCI). Each purchaser of a fractional ownership interest then becomes a member or stockholder in this entity, whose sole asset is the property and furnishings. The benefits are that this allows for orderly transfer of members into and out of the LLC or SCI without requiring recording of a change in title, hiring of a notaire, and the corresponding fees, each time a share is bought or sold.

Q: I cannot use all of the time which I am allotted each year. Can I rent out my time to someone else?

A: No. “Transparent” entities like LLC’s and SCI’s which own property in France are strictly governed. If there appears to be any business purpose (like rental income) to the entity (or any of its members) other than group ownership of a property for personal use, the entity will be subject to an annual business tax of 3% of the property value. This is true only if the apartment is rented with furnishings, which is the case with virtually all fractional ownerships. Beware of any fractional project which tells you that the property can be rented out for income by its members! Even if one does not have rental income, disclosure documents must be filed each May by the LLC or SCI to the French government listing each of the members of the entity. At Paris Home Shares, ALL of our governing documents specifically prohibit rental of the apartment by any member. However, owners are free to allow family members and guests to use their unused time, or to exchange such time with other members.

Q: I have heard that French inheritance laws are different than in the US. Can I specify my ownership share in my will?

A: Yes, each ownership share can be devised in your will, like any other personal property. However, because the ownership share involves French real estate, French inheritance laws will supercede your wishes, should there be a conflict. In France, joint tenancy does not exist, and children have superior rights to a spouse. It is important that you understand the differences between French law and the laws of your country before you designate how you will show ownership of your share. There are methods to create a “joint tenancy” under French law, but it requires the assistance of French legal counsel and should be handled prior to completing your purchase. This is the case, in my opinion, for a foreign entity like an LLC. For a transparent SCI, French law treats the member shares as personal property, governed by the laws of the domicile where the member lives. So, for example, if you are a member of an SCI and wish to own in joint tenancy, or to specify a specific heir or heirs in your will for your share, you can do so without worrying about French law (if your domicile is in a country other than France). It is an important distinction between an LLC and an SCI.

Q: If I sell, do I have to pay capital gains tax? And to whom?

A: Unlike American law, the French government has a “look-through” provision which basically treats each member of an entity as though he was the actual owner of the property. Therefore, it is French capital gains taxes that must be paid when a share is sold. This is the responsibility of each member. The French government will know when a share has been sold because of the corresponding change in the member roster which is required to be filed each year by the LLC or SCI. Fortunately, French capital gains taxes are not terribly onerous, and decrease the longer that you hold your share. If the share owned is part of an LLC, the gain will be taxed at business rates of 33%. If the share owned is part of an SCI, the gain will be taxed at personal rates, which begin at 15% and are gradually reduced to zero if the shares have been held longer than 5 years.

Q: Is the LLC or SCI required to file an annual tax return?

A: Yes, because the LLC is an American corporate entity with multiple members, it is required to have both a tax identification number and to file a partnership tax return annually with the IRS. Because the LLC has no income, there should never be any tax liability. If the entity
is an SCI, it would correspondingly be required to file tax returns with the French government annually.

Q: Is a fractional ownership a time share?

A: Yes and No. Fractional ownership is a hybrid of direct ownership and time sharing, combining the best elements of both. The primary differences are that while timeshares involve many thousands of shares in a large complex with “resort” amenities and costs and built specifically for that purpose, fractional ownership is joint ownership by only a few individuals in a single property whose value can easily be determined on the open market and for which there are very few, if any, resort amenities which must be managed and maintained (and paid for!). For us, we consider the city of Paris to be it’s own resort! Virtually no timeshares have ever been offered on the open market for 100% ownership, unlike fractional ownership properties. Also unlike timeshares, which often decrease substantially in value from their original price, the value of fractional shares will be correlative with the value of the property itself over time. Since I do not wish to project what will happen to Paris property values in the future, I leave that to the purchaser to decide. For those who buy their share in a currency other than euros, the value will also be affected by the currency exchange rate at any given time.

Q: What other costs are involved besides the initial purchase price?

A: All fractional ownership projects will have the normal costs of ownership associated with owning any real property, including the costs of taxes, insurance, utilities, building dues, maintenance, management, and supplies. In addition, because fractional ownership properties come fully furnished, it is always wise to establish a reserve fund for eventual replacement of furnishings that break or become worn out. All of these costs should be considered and are assessed to each member either monthly or annually, based on a budget approved by the members each year.

Editor’s Note: Please visit direct your additional questions to info@adrianleeds.com

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Le Petit Tresor"Le Petit Trésor"…Our Hottest New Fractional Ownership Property!
By Steven Navaro
Paris Home Shares

In the midst of the lower Marais district amid a flurry of restaurants and cafés, just steps from the Hotel de Ville, lies a quiet tree-lined cobblestone passage anchored by an ancient fountain, called "rue du Trésor." Vehicle traffic is prohibited so that pedestrians can stroll freely and soak in the beauty of this oasis of tranquility. This little gem of a passage is truly "un trésor" — "a treasure."

The location is ideal and highly sought-after. Rue de Trésor is accessed directly from rue Vieille du Temple, and is just steps from rue Saint-Antoine. It is surrounding by boutiques, cafés, restaurants and every amenity possible, as well as most of Paris’ museums and sites in the oldest part of the city.

Gorgeous Haussmannian style buildings line both sides of the street. At the very end, on the 5th floor of such a building, lies our newest offering, "Le Petit Trésor," overlooking the historic Fontaine de la rue du Trésor, which is projected for recreation as a working fountain in the near future.

Le Petit TresorThe one-bedroom apartment is easily accessed by elevator and measures 56.5 square meters (608 square feet). Facing south and at the tops of the roofs, from it’s long open balcony, it offers a commanding view of Le Marais while basking in sunshine.

The living and dining areas are quite spacious for an apartment of this size, and feature rich hardwood flooring, a working fireplace, large windows opening onto a full length balcony, elegant ceiling molding details and much more.

The kitchen, bath and bedroom are small (for the moment), as is so typical in apartments of this age and design. The goal, as in other Paris Home Shares projects, is to enlarge and update these areas by more efficiently utilizing the space.

The price for this treasure is 78,500€ per share, the most affordable on the market today. This is a "pre-closing" price, which is always substantially below final price when renovation work is complete. Occupancy is estimated approximately the first of the year 2009.

Tresor FountainThe rotation system of usage applies to this property. The month of usage for the first Year (2009) will be chosen on a first come basis. It is thought that each month of usage will start on the 10th of each month, to avoid any conflicts with those in other properties whose month starts on the first.

Reservations are being taken with a $15,000 USD deposit (fully refundable for two weeks, then non-refundable). The full balance of the purchase price will be due September 10, 2008.

This is the lowest priced fractional ownership on the market today (except for Paris Home Shares resale at Villa Monceau). Shop around, compare prices, and what you get for your money. You will see that this is simply hands down the best for the least, in every respect, not to mention and absolutely gorgeous property in a fabulous location!

If you would like to receive more information on this apartment visit http://www.adrianleeds.com/frenchproperty/fractional/tresor.html, or want information about fractional ownership in general, please feel free to write to Steve Navaro at steve@navaro.com or contact Adrian Leeds at adrian@adrianleeds.com

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La Maison BleueGet a Vacation Home in France for a Fraction of the Cost
By Shelley Emling for the Providence Journal
http://www.projo.com

Many people fantasize about owning a little place in France, with its culture, history and seductively unhurried lifestyle.

But who can afford it? Properties are prohibitively expensive, especially with the weakened value of the dollar against the euro.

Many Americans have found a new way to live out their dream through fractional ownership, a concept popular in the United States but just catching on in Europe.

"This place is so special and is still magic for us," said Ron Maddux, who, along with his wife, Donna, from Fredericksburg, Texas, have a share in Maison Bleue, a three-bedroom house in the South of France, just 30 minutes from the beach.

The couple paid 52,500 euros — or about $81,200 — for a share that allows them at least five weeks a year at the three-story house in the historic village of Quarante.

Foreigners make up more than 8 percent of all property buyers in Paris alone, with Americans ranking in second place behind Italians, according to the Paris Chamber of Notaries, a trade association of real estate professionals.

It’s not clear how many fractional developments have launched across the country, although experts say the number is growing.

"From a small start a couple of years ago, I am seeing the number of available properties roughly double each year," said Tony Tidswell, a real estate consultant in southern France.

Most fractional ownership plans don’t allow redecoration, but do handle daily maintenance.

But the real draw is being able to use a luxury property in a stunning locale at an affordable price.

A company called Fractional Paris offers a professionally decorated 800-square-foot, two-bedroom apartment with a terrace in Paris at a starting price of 120,000 euros, or about $186,000.

"A similarly appointed apartment with a terrace would cost today’s buyer well over 1.1 million euros if bought outright, plus the associated headache of purchase and closing costs, renovation and furnishings," said Laura Sanders, marketing and sales director for Fractional Paris.

Steve Navaro, a Colorado-based lawyer who develops fractional ownership properties in Paris, said group ownership is an economical way to visit France frequently despite a steadily declining dollar.

"We completely furnish and decorate properties so that you can pretty much walk in, bring your toothbrush, and stay for a month," he said.

Properties also include basement storage areas with lockers for each owner so that they can leave good wine, heavy coats, family photos or other items they don’t want to lug back and forth from the United States.

Ginny Blackwell, a New York-based entrepreneur who founded French Property Shares, a fractional ownership company, said it’s the home-away-from-home allure that makes fractionals more appealing than a timeshare arrangement.

Generally, a company owns the property and offers shares allowing fractional buyers to use the property for a few weeks to up to three months a year.

A management company oversees maintenance, while the weeks available to each buyer rotate each year so that one person doesn’t always get the best slots.

Fractional ownership also can be an investment opportunity. Fractional ownership differs from a traditional timeshare because there is equity in the property, meaning an owner can benefit from any rise in the property’s value.

In comparison, timeshares are simply contracts specifying the right to use a property certain weeks of the year.

But many experts warn that fractional properties in France should be considered luxury purchases rather than investments.

Tidswell said it’s still not clear under French law whether fractional owners are subject to French commercial taxes if they accept renters for unused time. (Some fractionals allow this, others do not.)

But most buyers seem only to care about acquiring a base from which they can enjoy France.

Bill Walker, a long-time anchor with WSOC-TV in Charlotte, N.C., and his wife, Eva, recently purchased a share in a French apartment.

"We love Paris and think this is an ideal way to continue our love affair in retirement," he said.

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Ralph and Karen Moorhouse La Bonne Nobel

Ralph and Karen Moorhouse, the proud owners of La Bonne Nobel, a popular
Parler Paris Apartments vacation rental

Getting Assistance in Making Your Purchase or Your Sale in France
By Adrian Leeds

You have an apartment or home in France you want to buy, or m

aybe you
have an apartment or home in France you want to sell…but you’re not living in France and/or you don’t know where to begin or how to go about processing the purchase or the sale.

In the United States and Canada, where there is a Multiple Listing Service and where agents work within a system of sharing commissions and therefore clients, one can depend on the agents to assist them fully in the process of a purchase or a sale. If you’re an English speaker, then there are no language barriers and if it’s your native culture, than the legal issues are fairly simple to comprehend.

In France, however, the system and legal issues surrounding both purchases and sales are different. The agents work mostly for the seller and even more so, for themselves. There may be language barriers and if you’re not careful of the ‘pits’ along the way, you could easily fall into them.

An outside property consultant would be valuable in acting as a "liaison" on your behalf, as buyer or seller, to ensure that your interests are being well looked after. An outside consultant is also an advisor on all levels of purchase or sales and while there is a fee for such consultation, one could save you quite a bit of money (and of course, time!) by the end of the process to have professional assistance.

Responsibilities a consultant could take on would be:

For purchasing a property:

* Contacting lenders to secure a mortgage and advising on the various loan products…
* Negotiating the price and contingencies…
* Providing Notarial, legal and tax advisors…
* Representing the buyers at meetings with the Notaire in signing the Promesse or Compromis de Vente…
* Confirming that all the necessary diagnostics have been performed on the property and that the surface (in square meters) has been certified by a third party…
* Reading the homeowners association meeting notes to ascertain any issues which might cause the buyer expense or problems…
* Ensuring the placement of property insurance necessary for the final signature…
* Liaising with all resources to maintain continuity and simplifying all transactions…

For selling a property:

* Preparing the property for sale by providing estimates/appraisals to price the property properly…
* Interviewing agencies and listing it with one or more, or perhaps listing it as "for sale by owner"…
* obtaining the diagnostic certificates and that the surface (in square meters) has been certified by a third party…
* Reviewing the contracts — the Promesse or Compromis de Vente and Acte de Vente…
* Representing the seller at meetings with the Notaire in signing the Promesse or Compromis and/or Vente…
* Liaising with all resources to maintain continuity and simplifying all transactions…

There are various types of consultants one can retain for these services. Some are legal advisors and perform this function as well as other legal issues, such as immigration, divorce, etc., but they are not necessarily well-versed in the real estate market. Choose a consultant who is knowledgeable in the property arena and with whom you have confidence as well as favorable references.

Editor’s Note: The Adrian Leeds Group offers both Purchase and Sales Assistance and has worked with dozens of clients to their satisfaction. For more information, visit http://www.adrianleeds.com/frenchproperty/consultation/purchase_assist.html

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Inheritance TaxGetting Round the French Inheritance Laws
By Peter Horn for The Times Online
http://property.timesonline.co.uk

Q – I wish to buy a house in France 50/50 with my partner, to whom I am not married. We each have one adult daughter. When one of us dies, we do not want French inheritance laws automatically to pass the deceased’s half of the house to his or her daughter. We would prefer that the surviving partner inherited the deceased’s half on condition that he/she passed its value to the deceased’s daughter. We are also anxious to minimize French inheritance tax. What is the best way to do this? I have heard that a “tontine” may help.

If you take no action, each daughter will be automatically entitled to 50 per cent of whatever her parent owned. As non-residents of France, holding the property in a French company known as an SCI will get round this, but not if you are resident in France…

To read the entire article, visit http://property.timesonline.co.uk/tol/life_and_style/property/overseas/article4171138.ece

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brangelinaBrangelina Planning to Get Married in France
From http://entertainment.oneindia.in

Rumors are rife that American actress Angelina Jolie will become a mum as well as a bride in France this summer. Adding fuel to the fire is the discovery of a chapel at the French wine estate Château Miraval in Provence that she and Brad Pitt have rented, and where Jolie plans to give birth to her twins.

There could end up being two big events on the grounds of the estate, even though the couple have often said that they do not wish to marry. The 35-room château near Brignoles will have the pair’s four children and assistants staying with them, but the tiny chapel yards away from where they sl

eep will be quite a daily temp
tation for them.

According to an insider who has a good knowledge of the retreat, the place is absolutely romantic. "It’s simplistic yet romantic and intimate. There are stained-glass windows at the front and back, 10 wooden pews and an old wood floor. There’s also a rustic wooden altar with beautiful ivory candles," Contactmusic quoted the insider, as telling In Touch magazine.

The magazine also revealed that Pitt had actually tried to buy the property, complete with its chapel, but its owner Tom Bove refused to sell up. "Brad did everything he could to change his mind – he took him to dinner five times before he (Bove) would even agree to lease it for six months," a source revealed.

Pitt had fallen for Miraval while surveying properties in France by helicopter, reports suggested. The idyllic retreat features a recording studio, which has been used by Pink Floyd and Sting, among others, extensive woodlands, an olive grove, gardens, ponds and fountains. The estate is also surrounded by a moat. The property also has impressive wine cellars, which were reportedly built by j2999eph Lombot, who invented reinforced concrete

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See French Property Consultation on House Hunters International!

Episode HHINT-402

"Settling Down in Paris"

Angela and Ben met in 2003 when they lived in Los Angeles working for the same clothing company. Now, the two are engaged to be married. When Ben started receiving frequent overseas work, the company believed he’d be more valuable in Paris, so they happily relocated. They immediately moved into a cozy rental in the 17th district near the Arc de Triomphe and started to explore the different neighborhoods of Paris. The pair is now ready to take the big leap and purchase an apartment to stay for good. Property consultant Adrian Leeds is enlisted to help.

AIR TIMES:
• July 16, 2008 10:30 PM ET/PT
• July 17, 2008 2:30 AM ET/PT

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Design Your Own Fractional Ownership Property
With "French Property Fractional"
by Adrian Leeds
http://www.adrianleeds.com/frenchproperty/fractional

Fractional ownership may be a hot concept!…but we’re making it even hotter!

A new division of the Adrian Leeds Group, LLC, "French Property Fractional" is the newest and hottest way to own your piece of Paris simply, easily and inexpensively without the hassles of purchasing it on your own, but with all the benefits of doing it yourself.

What’s Fractional Ownership?

A hybrid of direct ownership and time sharing, it combines the best elements of both. The primary differences are that while timeshares involve many shares in a large complex with “resort” amenities and costs built specifically for that purpose, fractional ownership is joint ownership by only a few individuals in a single property whose value can easily be determined on the open market.
Most Paris fractional property opportunities are properties that have been purchased, renovated and decorated by one developer who then sells off the shares. Most of these offerings sell six to twelve shares to minimize the investment amount while maximizing the size, location and quality of the apartment.

What’s new about "designing your own" property?

While this system works well for many investors, we found that there are large numbers of individuals who would like to combine the benefits of traditional fractional ownership with single-party ownership, enjoying more time to personally use the property, having more decision-making power about the property, more input and more control. We believe that YOU want to feel like the property is really YOURS — and it is!! So, why not have a more personal relationship with the property.

Here’s how French Property Fractional works:

FIRST, WE OFFER A "CONCEPT"

Our team is offering a property CONCEPT…to search and find the following property to be shared between only a very small group of owners — four to six:

"MY PIED-A-TERRE IN LE MARAIS"

SIZE: 35 to 45 square meters (377 to 485 square feet)
ROOMS: two rooms — one bedroom apartment, with bedroom on a courtyard for quiet, full bath (perhaps bath + separate toilet) and open American-style kitchen
LOCATION: Le Marais, districts 3 or 4
LEVEL: No higher than 3rd floor (European) without an elevator
BUILDING TYPE: 17th, 18th or 19th-century (no newer buildings!)
AMENITIES: lots of light, nice views, fireplace or balcony or patio, secured storage for personal belongings, all new kitchen and bath fixtures, all the luxurious comforts

COST: 4 shares, 135,000€ each, 3 months of usage per year
5 shares, 108,000€ each, 10 weeks + 2 days of usage per year
6 shares, 90,000€ each, 2 months of usage per year

Total 540,000€

USAGE: Owners determine their own usage calendar and have
complete flexibility to arrange their calendar among themselves

FEES INCLUDE:
* Full price of the property including agency fees.
* All notarial and legal fees.
* Property search and consultation fees.
* Complete renovation and furnishing of property to luxury standards by professional interior architect and contract

or within certain budgetary constraints
.

EVERYONE MUST AGREE:

Members of the purchase pool must be willing to invest the full amount of at least one of six, one of five or one of four shares to be held in an escrow account to fund the property search, purchase and renovation.
The search will commence upon commitment in writing and receipt of funds from all members of the purchase pool with an agreed upon allowance for a minimum of 90 days to locate the property.

Upon location of a property that fits the above parameters, a memo with photos and description of the property will be sent to all members who may decide at that time to approve or decline the property in a timely manner — within 48 hours of receipt of the memo. Any group which is able to approve the found property with a combined total of 540,000€ will enable the purchase process to proceed.

Members of the purchase pool will provide proxy to the Adrian Leeds Group, LLC to sign notarial documents on their behalf: the Promesse de Vente and Acte de Vente — allow 3 to 4 months to completion.

Three decor concepts that fit within the renovation budget will be presented to the purchase pool for voting and will be executed by the interior architect and construction team. Any choices made by the purchase pool outside the framework of the budget will be charged over and above the initial fees. Allow 2 to 3 months to completion.

Members of the purchase pool will appoint one spokesperson for the purchase pool to make day-to-day decisions and act as a "liaison" between all members of the purchase pool.

NOTE: The Adrian Leeds Group, LLC will offer optional property management services upon completion of the sale and renovation at an additional expense to oversee the maintenance of the property, provide housekeeping between owners’ visits, manage the calendar of owner visits, pay all annual taxes, utility bills, etc. OR the group may operate fully on its own upon completion of the process.

If you are interested in participating in a purchase pool for "MY PIED-A-TERRE IN LE MARAIS," email Adrian Leeds at adrian@adrianleeds.com

Fractional Property Offerings

If you are interested in traditional fractional ownership properties currently offered by our Fractional Ownership partners, see below:

Chez la Tour Maison Bleue
Paris: CHEZ LA TOUR
http://www.adrianleeds.com/frenchproperty/consultation
Languedoc-Roussillon: MAISON BLEUE
http://www.adrianleeds.com/frenchproperty/consultation



Chateau Living Nice
Meaux: CHÂTEAU LIVING FRANCE
http://www.adrianleeds.com/frenchproperty/fractional
Nice: ON THE COURS SALEYA
For more details and pricing information, contact danafrance@gmail.com



Le Petit Tresor
Paris: LE PETIT TRESOR
http://www.adrianleeds.com/frenchproperty/fractional

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Living and Investing in France ConferenceAdrian Leeds, of Parler Paris and French Property Insider and John Howell, The International Law Partnership, Present the…

Living and Investing
in France Real Estate Conference
http://www.adrianleeds.com/frenchproperty/conference

Upcoming Conferences in 2008:

Living and Investing in France Real Estate Conference
San Francisco

Date: July 26-27, 2008
Location: An Alliance Française of San Francisco Special Event!
Limit: 80

Don’t miss our 22nd Living and Investing in France Real Estate Conference! Learn how to live and invest in France…profitably.

* Special Note: Special Friends pricing ends July 14th!

Registration Fee:

Sing

le Person Semin
ar $427, Parler Paris Subscribers, French Property Insider Subscribers, Clients of International Law Partnership and Special Friends Save $50, You Pay Only $377

Second Person $327 (Add Your Spouse, Partner or Friend), Parler Paris Subscribers, French Property Insider Subscribers, Clients of International Law Partnership and Special Friends, Save $50, Second Person Pays Only $277

To learn more and reserve your place, click here: http://www.adrianleeds.com/frenchproperty/conference/LIF_SF_2008/index.html

For more information, email info@adrianleeds.com

Living and Investing in France Real Estate Conference
Paris

Date: October 11-12, 2008
Location: Paris Chez Jenny
Times: To Be Announced
Limit: 100
Registration Fee: To Be Announced

For more information, email info@adrianleeds.com

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MoneycorpTODAY’S CURRENCY UPDATE

Visit the FPI Web site and click on the link on the left panel or click here for Currency Convertor by Moneycorp Global Money Services: http://www.adrianleeds.com/frenchproperty/insider/moneycorpconvertor.html
for up to the minute conversions of all major currencies.

Compare currency values easily and quickly by visiting:
http://adrianleeds.com/frenchproperty/loan/moneycorpconvertor.html

Charts
http://www.Moneycorp.co.uk/members/charts.asp
The charts below are updated every ten seconds.

The prices shown are "inter bank" exchange rates and are not the rates that you will be offered by Moneycorp. Your rate will be determined by the amount of currency that you are buying. Please speak with an Moneycorp dealer or your consultant for a live quotation.

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Parler Paris Apres MidiParler Paris Après Midi
http://www.adrianleeds.com/parlerparis/apresmidi.html

Come for a drink and to meet and chat with other readers in Paris…

The next gathering is July 8, 2008, and every second Tuesday of the month.

 

 

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HOT PROPERTY PICKS: The Sixth Makes Sense

Each week French Property Insider features a range of properties which we believe are on the market at the time of writing. These properties are featured in order to give readers a sample of what is currently available and a working example of prices being asked in various regions of France and districts of Paris.

As we are not a real estate agency. These properties do not constitute a sales listing. For those readers seriously interested in finding property in Paris or France, you can retain our services to do the whole thing for you. For more information, visit http://www.adrianleeds.com/frenchproperty/consultation

Six Arrondissement***Paris, 6th Arrondissement, Studio, approx. 30m²

Excellent location near Passage Dauphine, a bright studio with a fireplace offers a beautiful view.

Asking Price: 310,000€ + 2.5% Finder’s Fee

 

 

Sixth District***Paris, 6th Arrondissement, Studio, approx. 28m²

Discover this spacious, quiet studio on a magnificent tree filled courtyard in this legendary area. The ideal pied-à-terre!

Asking Price: 320,000€ + 2.5% Finder’s Fee

 

 

6th Arrondissement***Paris, 6th Arrondissement, Studio, 26m²

Gorgeous duplex on the rez-de-chaussée, recently renovated with lots of taste. You’ll be charmed by the open space, exposed beams and stone walls. A perfect pied-à-terre!

Asking Price: 406,000€ + 2.5% Finder’s Fee

 

 

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ont size="4">Paris Auctions
http://www.encheres-Paris.com

Next Sessions: July 1, 2008 at 2 p.m.

Notaires de Paris
Place du Châtelet
12 avenue Victoria
Paris 1st

Additional information on Les Ventes aux Enchères des Notaires can be found on the Web site at http://www.encheres-Paris.com/ Though the site has a button for an English version, it isn’t reliable to work.

To read Schuyler Hoffman’s article about the property auctions in Paris, click on:
http://www.adrianleeds.com/frenchproperty/insider/members/content/articles/auctions1.html

July 1, 2008 at 2 p.m.

Paris auctions 7 rooms 141 m²
54 rue Bonaparte
75006 PARIS 6th
Opening Bid: 820,000€
Deposit: 164,000€
Paris auctions 2 rooms 36,40 m²
118 boulevard du Montparnasse
75014 PARIS 14th
Opening Bid: 150,000€
Deposit: 30,000€
Paris auctions 2 rooms 43 m² LOUE
23 rue Montorgueil
75001 PARIS 1st
Opening Bid: 170,000€
Deposit: 34,000€
Paris auctions 3 rooms 92 m²
10 rue Talma
75016 PARIS 16th
Opening Bid: 450,000€
Deposit: 95,000€

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LEASEBACK NEWS FROM IMOINVEST
http://www.adrianleeds.com/frenchproperty/insider/sales/leasebacks/lb_list.php

French leasebackAMADIA RESORT & SPA
France, Atlantic Coast, Anglet

NEW LISTING

One Bedroom 39m² to 74m² €207,000 to €408,000

Two Bedrooms 61m² to 79m² €334,000 to €432,000

Chalets / Villas / Estates 76m² to 222m² €500,000 to €875,000

GUARANTEED RENTAL INCOME UP TO: 4.50%

French leasebackFrench LeasebackFrench Leaseback

Biarritz lies in the heart of the Basque Country on the sunny French Atlantic Coast, in south-western France. Anglet is located less than three miles away from Biarritz. Biarritz-Anglet-Bayonne International Airport is located two miles from the town center, direct flights from Paris-Orly, Paris-Charles de Gaulle, Lyon, London Stansted, Dublin, Shannon and many International Airports. By train, the Bayonne TGV (high-speed train) station is at two miles away and Biarritz TGV high-speed train station is 1.5 miles away.

Anglet is a luxurious seaside town boasting some of the finest golden sandy beaches in Europe. Whether you prefer peace and serenity lounging by the private pool, a round of golf on the renowned Biarritz golf course, spoiling yourself in the many luxurious boutiques or surfing some of the most magnificent waves in the world, Biarritz is the ideal holiday location.

Attention to detail means that accommodations have been carefully designed for owners and tenant’s well-being, security and comfort. All properties are air-conditioned, fully equipped and designed to meet all your standards. The leisure facilities available in the resort include a Health Spa and massage services, an outdoor heated water park, a gourmet restaurant with lounge bar and terrace, a kids’ club, seminar rooms and more. All types of guests are catered to, be they golfers, families with children or business people. Open all year round so you can savor this beautiful location in every season!

Staffed by highly skilled professionals in the hotel and tourism business, this Residence provides a range of services including: bookings, meeting and greeting guests, guest services, maintenance of public areas, building maintenance and year-round security.

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French Propety LoanSEEKING A MORTGAGE IN FRANCE?

When you make a purchase as important as a piece of real estate in a foreign country, you want to know that you can trust the people you are dealing with. Adrian Leeds has developed a network of professionals that meet only the highest of standards. With the expertise and experience of Adrian and her team, you can depend on getting the best advice and support to feel completely confident that you are making an informed investment decision.

Let us help you secure a mortgage in France at a competitive interest rate. Visit http://www.adrianleeds.com/frenchproperty/loan for more information or contact Loan@AdrianLeeds.com

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Managing Your French Property Insider Subscription is Easy!

We receive many emails from French Property Insider Subscribers who want to change their email address, or update personal information. But did you know that you can make these changes yourself?

It’s easy…

1. Go to http://adrianleeds.com/frenchproperty/insider

2. Click on "Manage Subscription." You’ll find it under the "Subscribers Only" section in the sidebar.

3. Enter your username and password.

4. On the Welcome Page, go to "Manage Your Account" and click on "Change Password/Edit Profile"

5. Once you’ve made the changes, scroll down to the bottom of the page and click on "Save Profile."

Simple!

Of course, we’re always happy to help, so if you do need assistance, send an email to members@fpinsider.com

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insider paris guidesWe wanted better guides.
So we wrote them.

Insider Paris Guides are written for people who love the City of Light. You’ll get a Paris insider perspective on Restaurants… Making a Life… Black Culture… Expat Writers…and the newest guide, Practical Paris!

French Property Insider subscribers receive a discount of 10% off any guide and up to 25% off the entire purchase (if two or more guides are purchased at the same time). Here’s how it works:

1. Click on special Web link we give you just for FPI subscribers.

2. Then order one or more guide(s) and use the promotion
code "ED762." This promotion code gives you 10% off your total
order.

3. If you order two or more guides, then an additional 15% will be
taken off automatically. There is no promotion code needed.

Here is the special "coupon" Web link just for you:
http://www.insiderparisguides.com/offer/fpi_offer.htm

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THINGS YOU NEED TO KNOW

To access password protected pages: click on any of the links on the left panel of the home page of FrenchPropertyInsider.com under "Subscriber’s Only," then type in your personal username and password.

Past issues of FPI are available on the website. You will find the
"Past Issues" link on the left under "Subscribers Only" or by going to
http://www.adrianleeds.com/frenchproperty/insider/members/content/pastissues/index.html

To receive your free French Leaseback Report or the Paris Property
Report, click on
http://www.adrianleeds.com/frenchproperty/insider/members/content/reports.html

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HELPFUL CONVERSIONS FOR REAL ESTATE

1 square meter = 10.7639104 square feet

1 hectare = 2.4710538 acres

For more conversions, refer to: http://www.onlineconversion.com/

==== CLASSIFIED ADVERTISING ===

Parler Paris ApartmentsPARLER PARIS APARTMENTS
http://www.adrianleeds.com/parlerparis/apartments
Email: apartments@adrianleeds.com/parlerparis

Welcome to your home in Paris. Home is how you will feel in a private apartment in Paris that has the "seal of approval" from Parler Paris Apartments and me, Adrian Leeds.

Parler Paris Apartments offers high quality accommodations to make your stay in the City of Light as enjoyable and memorable as possible. We at Parler Paris know each and every apartment owner or manager personally, and stand behind the quality of those we represent. We u

nderstand your need
s and desires, all the small details that make a rental apartment a warm and welcoming home – and a much better alternative to an impersonal hotel!

Parler Paris Apartments is administered and serviced by the same great team as Parler Paris, French Property Insider and French Property Consultation. You can trust that Parler Paris Apartments and all those with whom it is associated will do their best for your 100% guaranteed satisfaction.

La Bonne Nobel
Rue Nobel – one of Montmartre’s Most Charming Streets
Two-Bedroom (One-Bedroom + Bedroom/Office), Sleeps 4

Rue Nobel is one of Montmartre’s most charming staircases — the romantic Montmartre we now know as depicted in the popular movie "Amélie Poulain."

On the third floor of an elegant "pierre-de-taille" building with an elevator, on a quiet stair-stepped street in Montmartre, with no through traffic or hint of noise, sits "La Bonne Nobel." Completely renovated in late 2007, this gem is bright, shiny and luxuriously comfortable. Every surface and corner of the apartment has been exquisitely decorated in soothing tones of pale blues, beiges and soft browns.

Reserve now! Visit http://www.adrianleeds.com/parlerparis/apartments/rentals/nobel.html
or email: Apartments@AdrianLeeds.com

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SUBSCRIBE TO PARLER PARIS

If you’re not a regular reader of the Parler Paris daily e-letter, and would like to be, simply enter your e-mail address here (it’s free!): http://www.adrianleeds.com/parlerparis

================================

Copyright 2010, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com

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