Juggling New York, Paris and Palatial Properties
French Property Insider Special Offer
Half Price One Year Subscription — And Free Conference Call: “Owning All or a Fraction!
Only until September 30, 2008
Every Thursday, hundreds of smart folks receive an electronic magazine (call it an “E-Zine”) called “French Property Insider.” For those who are even remotely interested in having their own “pied-à-terre” in Paris or stone cottage in the countryside of France, it’s a big bonus. Every week, “FPI” comes directly into their email in-box with oodles of information about finding, buying, owning, renting, renovating, managing and you-name-it-ing property in France.
The yearly subscription rate is $57.50. But subscribe now, and receive the next 50 issues at HALF PRICE — $29! That’s only 58 cents an issue.
Plus, all FPI subscribers can participate in the FREE one hour conference “Owning All or a Fraction” with Adrian Leeds on Sunday, October 5th at 8:00 p.m. Paris time. You’ll learn all about the benefits of owning your own Paris apartment and those of Fractional Ownership. This free call is exclusively for FPI subscribers. If you are a French Property Insider subscriber, you can register for the conference call, by emailing firstname.lastname@example.org
Dear Parler Paris Reader,
Tonight my daughter goes before the co-op board of number 9 Barrow Street in the West Village of New York City to determine our fate as owners of the studio apartment (with the perfect view of the Empire State Building) or not. I couldn’t fly to New York to be present with her for the interview, so they are allowing me to be interviewed via a Web cam from my living room. Thank goodness for technology — it saves us quite a lot of time and expense.
At 6 p.m. New York time, it will be midnight in Paris and it comes just after having been with a client at his “Syndic” meeting (homeowner’s association). Funny coincidence, no? It starts about the same time — 6:30 p.m. on rue de Rivoli in the managing agent’s office, and aside from the usual subjects, the owners will vote to repair the stairwell, badly needed. These meetings last at least two hours, and can be dreadfully painful (although I find them a fascinating window on the French culture), so I expect to be less than enthusiastic on the Web cam when the clock strikes twelve.
Co-op boards have the right to ask about anything, even quite personal, so we were told to be prepared. In fact, our real estate agents sent over a list of “Ten Pointers to Help You Pass Co-Op Board Interview” for us to study. The first one elicited a chuckle: “Being invited to the interview is a good sign.”
In contrast, a French “copropriété” (homeowner’s association), which is run more like a condo in New York than a co-op, has very little rights over what you do within the walls of your own apartment, including preventing subletting. Our Notaire recently responded to this question from a client: “I assume there is nothing in the building’s rules prohibiting rentals of the apartment?”
The Notaire’s answer: “NEVER. A regulation can not forbid rentals. This would be a violation of property rights! But what may exist is a clause mentioning that renters
So, tonight will decide our fate as property owners in New York City. We’ve decided that rather than trying to control the outcome, we will just be “ourselves” and let the “universe carry us along” to the fate for which we are destined.
Meanwhile, if you have followed the story of our “viager” (life annuity) property, then be advised that Part V of the saga is about to unfold!*
When I left off, out of frustration that we hadn’t received a response from the elderly gentleman who holds the rights of usage (Monsieur N.), we had decided to send in a “huissier,” or bailiff, to remove any interference in reaching him so that we could offer him the relinquishment of his rights of usage in exchange for a payment. For those of you who have accused me of evicting a senior citizen from his home, reread the story to discover that he hasn’t lived in the apartment for years!…and resides on the other side of France with his nephew, so the apartment remains vacant except for an occasional visit by a relative. This seems such a waste when it could be enjoyed by many!
Last week, before we had time to schedule the bailiff, a letter arrived from the nephew apologizing for not having written sooner and declaring that he would now be willing to vacate the apartment as of January 2009…but, for a rather healthy sum of money.
I can see the nephew’s mental wheels turning…”Hmm…she wants the apartment, so let her pay!” And pay I might, as the apartment is quite worth it, but our Notaire had a more practical solution. He said, “The sum is a bargain if he is in good health, and expensive if he’s not. I believe you should request to see this man in person. Offer to go to him, meet with him and negotiate the fee.” And so I shall, if he will let me.
Either way, I’m planning on acquiring the rights of usage by January 2009 and that means by Spring, after complete renovation, we’ll have another luxury rental apartment to add to our list on Parler Paris Apartments…this time with a big terrace overlooking the rooftops of Le Marais, appropriately named “Le Saint-Tropez.”
Whew! Properties are in the air above our heads like a juggler’s balls…”West Village Empire,” “Le Saint-Tropez,” “Le Palace des Vosges”** and my dream to have a “pied-à-terre” in Nice where life is nice! Will they all land safely in our hands? Or tumble to the ground leaving us empty handed?
*To read Parts I – IV, see the following links:
**”Le Palace des Vosges” is our newest Fractional Ownership property located on the Place des Vosges. To learn more, visit /frenchproperty/fractional/pdv/index.html
A la prochaine…
P.S. A special thanks to Judith Merians who led a successful workshop Saturuday on “How to Produce a Film” and will likely do more scriptwriting and film workshops in the future for Parler Paris.
P.P.S. Friday night “Max Your Thai Chef” prepared an incredibly delicious four-course meal right in my own kitchen and served it up for all to enjoy! Max is from the Chang Mai region of Northern Thailand and has put his cooking skills learned from childhood to work in restaurants around the world. Now you can have it chez vous for only 25€ per person! To learn more by downloading a color brochure, visit http://www.soiedelune.com/max/menu.pdf or contact Max by email at email@example.com or calling +33 (0) 220.127.116.11.07.
Paris Voter Registration
Every Wednesday 5 p.m. to 7 p.m.
Every Saturday 2 p.m. to 5 p.m.
Every Sunday, 12 noon to 3 p.m. for “Brunch and Ballots”
FREE Daewood 50 cm Color TV with Remote Control
It’s about 8 years old, but works perfectly and still has the instruction booklet and remote control. The first person to come retrieve it can have it FREE!
Contact Adrian@AdrianLeeds.com to make your appointment to take it away!
Your Complete Solution to a New Home in France…
Adrian Leeds and her team of property professionals can help make your dream to live or invest in France come true. These experienced property experts provide comprehensive services including property search, purchase, mortgage and other after-the-sale services, such as renovation and rental management.
This Week in French Property Insider…
The First Eight Buyers of “Le Palace des Vosges” Get Bonus Weeks!
Tuesday morning a group consisting of our staff, real estate agents, an architect, a contractor, a Trompe l’Oeil artist, a client and friends gathered in the courtyard at number 9 Place des Vosges to see “Le Palace des Vosges” — our newest Fractional Ownership property. My trusty Sony Cybershot had been fully charged to take “home videos” of the Place and the apartment while we all discussed what could and should be done to transform the current “shell” of a space into “Versailles”…Subscribers Read On…
Learn how to buy property in France!
French Property Insider is a weekly e-zine, sharing insights, recommendations, tips, and discoveries about Paris real estate and French property. Each information-packed issue is devoted to educating its readers on how to effectively, efficiently and profitably purchase property in France.
This October, Your Paris Dream Could Come True…
Living and Investing in France Real Estate Conference!
Hosted by Adrian Leeds, long time resident of Paris, Editor of the Parler Paris Nouvellettre® and French Property Insider weekly E-zine and John Howell, lead attorney for the International Law Partnership, London, these two days in Paris will point you in the right direction to make it really happen!
Aimée Leduc Readings
September 23, 2008 at 7:30 pm
September 25, 2008 at 7:30 pm
ptember 29, 2008 at 10 am
Insider Paris Guides are written for people who love the City of Light. You’ll get a Paris insider perspective on Good Value Restaurants… Making a Life… Black Culture… Expat Writers…plus the newest guide, Practical Paris!
Visit Insider Paris Guides
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.
La Terrasse du Temple
This newly renovated air-conditioned apartment, located in a 16th-century building, is an immaculate and calm one-bedroom oasis in the heart of Paris. Bright and luxurious, La Terrasse du Temple offers all the comforts of home in a well layed-out 35 square-meter package…
Parler Paris Après Midi
The next gathering is October 14, 2008* and every second Tuesday of the month.
*A birthday celebration for Adrian Leeds!
Parler Parlor French-English Conversation Group
Practice speaking French and English. Make friends, discuss interesting topics, learn about other cultures, progress in understanding and speaking, naturally and easily. Meets three times a week — come as often as you like!
Join Us for the Rentree Party Picnic!
Saturday, September 20, 2008
Save 25€ when you buy a 20-Session card that Day!
Parler Parlor meets Tuesdays 6:30 to 8 p.m. and Saturdays 11 a.m. to 12:30 p.m.
Wednesdays 3:00 p.m. to 4:30 p.m.
For further details, visit parlerparlor.com
France Today, The Magazine of French Travel and Culture, delivers all the information you need to indulge your passion for France: travel advice you won’t find anywhere else, off-the-beaten-path trips, the inside track on trends in dining, hotels, shopping and style, and the culture scene.
To subscribe, visit francetoday.com or call 1-800-901-6560
Buy and sell with Parler Paris classifieds: ParlerParis.com/advertise.html
“Juggling New York, Paris and Palatial Properties”
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