Take Note of the Nit-Picking Notaires
The Louvre Illuminated
Photo by Erica Simone
(FOR SUBSCRIBERS ONLY)
January 11, 2007
Bonjour French Property Insider Subscriber,
This morning I spent almost 3 hours at the office of our favorite Notaire with our search consultant, the sellers, the agent and the seller’s Notaire reading a "Promesse de Vente" line by line and signing on behalf of our clients thousands of miles away in the U.S. of A.
I get such a kick out of the French legal process, where every "T" is crossed, every "i" is dotted and the letter of the law, both moral and legal, are upheld between two parties who have the same goal in common: to transfer real property with the utmost surety. It must seem so odd to our French compatriots around the table, who take it seriously and rarely smile as the most minute of issues are debated, sometimes for many minutes, while I’m totally amused by the scene.
Today, several small issues prolonged the completion of the transaction which you wouldn’t think much of normally…1) the value of the appliances and 2) the traces of some larvae in the cave. It was amazing how much time was spent in discussion and on the phone with the experts about the bugs in the basement! (Not really bugs…just a few indications that a few eggs may be dormant there!)
Nonetheless, it’s a process which can make one both nervous and calm. In the end, when all is signed, sealed and delivered, the seller and buyer can feel confident the deed will be transferred correctly, with no need for title insurance — the norm in the U.S.
In today’s FPI, we deal with the role of the Notaire as one of our mixed bag of goodies…also including everything from the onerous tenant laws to the top 15 property hot spots (according to the British) and to Le Louvre "selling its soul." I hope you will find it as much fun to read as it is to produce, not to mention what you will learn from this and from every experience you might have in your quest to live and invest in France.
Editor, French Property Insider
Volume V, Issue 2, January 11, 2007
In this issue:
* About the Notaire
* Protecting the Tenant
* Hottest Property Spots in France
* Information and Events from Paris Notaires
* "Museums Are Not For Sale": Reaction to Recent Louvre Move
* Vive la France Property Show, London, January 17-21, 2007
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: February 13, 2007
* Hot Property Picks: Top 3 Places to Purchase Property in France — Brittany, Languedoc-Roussillon, Limousin
* On the Auction Block: January 23 and 30, 2007
* Leasebacks: Chalets Edelweiss, France, French Alps, La Plagne 1800
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments, "Le Provençal" Studio
Understanding the Role of the Notaire
By Schuyler Hoffman
Discussion of any real estate topic is not possible without at least mentioning the "notaire." Knowing a bit of background about notaires and their profession will help you not only understand their importance to real estate transactions, but in French society as well.
The role of the notaire in French society dates back to the third century. Its existence as a profession began in 1539 by order of François I. Long established as the givers of advice in a wide range of areas (notaires are effectively the general practitioners of the law), notaires were among the few officers of the government to survive the Revolution. As providers of special advisory services for families and companies, notaires today see 15 million people every year and draft more than 4 million instruments.
Notaires are public officers appointed by the Minister of Justice and supervised by the Ministry. They are impartial witnesses to agreements and the instruments they draft (known as "actes authentiques notarié") which have the same status as court judgments. Notaires also archive the instruments they prepare, making them easy to produce when needed.
While I normally talk about them in the context of real estate transactions, the notaire’s expertise also covers family and marital issues, companies of all types, international private law, town planning, consumer law, contract law, tort and quasi-contract and statutory obligations, tax law, mortgage law and many others. Notaires are there to clarify issues and advise their clients on the most appropriate legal process for their circumstances and on the consequences of their commitments. Much like attorneys, all information is treated as confidential and they are subject to a strict code of ethics.
Foreigners often mistakenly equate a notaire with a notary. The requirements to be a notaire demonstrate that this is not the case. Candidates must have French nationality. Additionally, there are academic require
ments:>* A Master of Law degree (or a diploma recognized as equivalent for the purpose of practicing as a notaire);
* The "Diplôme d’aptitude aux fonctions de notaire" (Notaires’
diploma) and a certificate showing successful completion of a training period or the "Diplôme supérieur du notariat" (Notaires’ higher diploma).
There are further requirements for personal fitness:
* Candidates must show they have no criminal convictions for offences
showing a lack of honor or integrity or involving actions contrary to
accepted standards of behavior;
* They must show they have not committed any similar actions which led to their being forced to take compulsory retirement or to a disciplinary or administrative sanction leading to dismissal, or loss
of approval or authorization;
* They must show they have never been involved in bankruptcy or been subject to any other sanction pursuant to any statutory provisions relating to insolvency proceedings or the judicial liquidation of a company.
So, you can see there is obviously a difference.
A notaire’s involvement is a service. Like any other service it involves a cost… the cost borne by the client. What do notaires’ costs cover? Sums paid to notaires, often incorrectly referred to as "notaires’ fees," consist mainly of taxes due to the public revenue department (depending on the nature of the transaction), followed by any disbursements, and last of all, the notaire’s remuneration.
The notaire’s "fee" is strictly regulated and fixed by decree and covers all the guarantees and services provided by notaire. The policy behind this is that fixed prices give clients equal access to the public service provided by notaires. Notaires’ accounts are subject to strict rules which guarantee the security of monies deposited by clients. Even as a foreigner you should feel secure. Hopefully, providing a little background de-mystifies the notaire profession for you and gives you a better understanding of the role they play.
Tenant Protection Laws are Onerous
French law is STRONGLY PRO-TENANT, even though initial rents are freely determined. Strong security of tenure is given to the tenant, and the legal process is labyrinthine.
Can landlord and tenant freely agree about rents in France?
The initial rent can be freely agreed between the owner and the renter. However, the rent can be revised only once a year, and only if a clause in the contract (carefully drafted) specifies it. The increase cannot be above the increase of the four-quarterly average of the INSEE index of construction costs. Index clauses and periodic clauses must comply with this.
Barring such clause, if at the end of the contract the owner wishes to raise the rent, he must demonstrate that the rent is manifestly underneath the current standard for the area and for comparable residences, by furnishing nine examples, each with extensive details – exact addresses, surface areas, state of decoration, date of construction, time during which the residences have been rented, and rental amount. If the increase arrived at is more than 10%, it must be spread over six years, even if the contract is only for three years. If no agreement is reached, the owner must go the Departmental Conciliation Commission (a free service), and if that fails, to a judge.
The tenancy contract may stipulate a deposit of not more than two months’ rent, and only if the rent is not paid in advance.
What rights do landlords and tenants have in France, especially as to duration of contract, and eviction?
French law generously protects the tenant (the locataire).
An unfurnished property contract has a minimum duration of three years (if the proprietor is a person), or six years (if the proprietor is a company or society). An individual owner can make a shorter contract (one year minimum, except in the special case of holiday lets) only if he needs to recover the property for professional or family reasons, e.g., retirement, return from abroad, need to house a family member. If no limit is fixed in the contract, three years are automatically applied.
Furnished property benefits from slightly different treatment. The contract duration is for one year; at the contract end it is automatically renewed, unless notice has been given by either side. That aside, furnished contracts are less regulated as concerns deposits, charges, the obligations of landlord and tenant, and the documents to be attached to the contract.
Furnished property is taxed as professional income, and is exempt from value added tax. The owner is liable to pay local taxes.
During the contract, the tenant can leave any time he wishes, subject to two, or more commonly, three months’ notice (reduced to one month if the tenant loses his job, is over 60 and in bad health, etc). The landlord is not free to give such notice.
In both cases when the contract ends, the owner can only re-occupy the property if:
* He or a member of his immediate family intends to live there
* He intends to sell
* For another serious and legitimate reason, such as that the rent has not been paid, or the tenant has not taken house insurance, or abuses his rights to use the dwelling
Notice must always be given at least six months before the end of the contract. It must be sent by registered post or by a bailiff. If the landlord intends to sell, he must send a copy of the offer (including the price) to the tenant, who has a priority right to buy.
The tenant can rarely be evicted before the term ends; perhaps only if the building is likely to fall down, when the mayor can evict the tenants. Otherwise, e.g., even for non-payment of rent, the landlord has to wait till the end of the term, and the notice must be sent at least six months before the end of the term, and complex conditions must be complied with. Even then, the process will take between six months to a year and a half from the end of the contract.
A shorter procedure exists if the contract includes a resolution clause (clause resolutoire), but this can only cover:
* non-payment of rent
* non-registration of house insurance
A resolution clause allows the immediate termination of the contract after a two months’ notice, if the specific obligation fixed in the contract is not satisfied.
The contract (le bail) must be in writing. There are a number of obligatory clauses, and also many forbidden clauses. The 1989 Act (Art 8) prohibits the tenant from sub-renting without a written agreement from the landlord.
How effective is the French legal system?
Tenancy law is enforced before the courts. Procedures are long, the courts are saturated, and lack essential powers.
The eviction process is organized by articles 61-66 of the 9 July 1991 Act. The court
decision containing t
he eviction must be notified to the tenant.
1. After a grace period granted by the judge (usually six months), the landlord must ask the tenant to leave through a commandement de quitter les lieux, which must contain specific information, e.g., inform the tenant that he may ask the judge for extra time in the dwelling.
2. If the judge grants a delay, by law the tenant has another two months to leave the dwelling. During this time he can ask le juge de l’execution des peines to postpone the eviction order for between 3 months to 3 years, if seriously unfair consequences could result from the eviction (family with no place to go, children out of school, etc).
3. If the tenant has not left, the bailiff can ask the préfet for police help – but no one can be evicted during winter, i.e., between November 1 to March 15.
4. The préfet can anyway refuse to grant his help, e.g., if the family is composed of many children.
5. The landlord can then (having failed to get his tenant out) go to the Administrative Courts to ask for damages, though it takes a long time to obtain them.
EVICTION FOR NON-PAYMENT OF RENT
Duration of service process 16
Duration of trial 75
Duration of enforcement 135
Total Days to Evict Tenant 226
Courts: The Lex Mundi Project
The ruling legislation is the Mermaz Act of 9 July 1989. Minor modifications are contained in the 21 July 1994 Act and the 29 July 1998 Guiding Act.
Brief history: Recent changes in French landlord and tenant law
The 1981 Socialist Party victory brought the watershed 1982 Quillot Act. While previously most tenancy contracts were verbal, this act imposed a written contract, required minimum terms, and strictly limited conditions for termination.
As soon as the conservative parties returned to power in 1986, they repealed this act and passed another one. When the socialists returned to power, they too repealed the conservative act. Their 1989 Mermaz Act is the basis of the present law; modifications have not been substantive.
France encourages private individuals to build and rent dwellings. Many loans, tax subsidies and tax incentives exist, especially to build for rental to people earning less than a fixed amount. Conversely, leaving buildings empty is penalized by the taxe d’inhabitation.
Yet the housing situation is not good. “Slums are reappearing in suburbs of large cities, and…more and more people have trouble finding an affordable dwelling to rent…” notes the European University Institute report on France.
The Top 15 Places to Buy a Property in France
The results are based on 60,000 unique visitors to 1st-for-French-Property.co.uk for October to December 2006. Listed below are the top 15 regions of France. About 50% of the visitors to 1st-for-French-Property are from the UK – but the other 50% are from around the world — frequent visitors include mainland Europe, Middle East, Hong Kong, Australia and Canada.
These results are based on the number visits to each region’s property pages on 1st-for-French-Property.co.uk.
Top of the charts is Brittany — just! Languedoc-Roussillon, Limousin, Poitou Charentes, Lower Normandy and Aquitaine are almost as popular.
Editor’s Note: Notice that the Ile de France and Paris do not fall into the top 15 category for the British and that Americans are not mentioned as part of the visitors to the British Web site for property.
PARIS NOTAIRES INFOS
1, boulevard de Sébastopol – 75001 Paris
Tél: 01 44 82 24 44, Fax: 01 44 82 23 78
The 28th Notarial Meeting
Saturday, December 1, 2007
Palas des Congrès, Porte Maillot, Paris, 17th Arrondissement
Several Notaires will provide consultation free of charge from 10 a.m. to 6 p.m. Themed seminars will be provided.
Year Round 20-Minute Consultations Available
1 boulevard de Sébastopol, Paris, 1st Arrondissement
Monday to Thursday 10 a.m. to 6 p.m.
Friday 10 a.m. to 5 p.m.
Make your appointment by calling 01 44 82 24 44.
For more information, call 01 44 82 24 34 Monday to Friday 9:30 a.m. to 1 p.m.
Program of Conferences and Discussions
1 boulevard de Sébastopol, Paris, 1st Arrondissement
1st Tuesday of every month at 6 p.m.
Free Entry, Limited Seating, Reservation Required: call 01 44 82 24 44
or visit http://www.paris.notaires.fr (see “Agenda”)
• Tuesday 9 January Madame Chantal LAVISSE
-Inheritance Law Reforms: the new rules
• Tuesday 6 February Madame Robert LE NÉNAN
– Business: questions about creating or transmitting your entreprise
• Tuesday 6 March Madame Arlette DARMON
– Innovations about rights: the family in full change
• Tuesday 3 April Madame Hubert PETING
– Reform mortgage: refillable mortgage and ready mortgage life annuity
• Tuesday 15 May Madame Fabrice LUZU
– ISF”: what you must know to declare your inheritance
• Tuesday 5 June Madame Corinne DESSERTENNE-BROSSARD
– Couple”: PACS, marriage and cohabitation: advantages and disadvantages
• Tuesday 3 July Madame Chantal LAVISSE
– Donation – Will – Life insurance ": to make provisions in favour of its close relations
• Tuesday 11 September Madame Etienne MICHELEZ
– Buying property: the obligations of the seller and buyer
• Tuesday 2 October Madame Stéphanie SIROT
– International marriage: choosing the law applicable to the marriage settlement
• Tuesday 6 November Madame Stéphane ADLER
– Property appreciation: when is the tax due?
• Tuesday 4 December Madame André DOREY
– Rental investment: law ENL and recall of the other devices
International Agriculture Show (S.I.A)
Saturday March 3 to Sunday March 11, 2007
Porte de Versailles – Paris 15th
Real Estate Show, Porte Maillot
Thursday March 22 to Sunday March 25, 2007
Palais des Congrès – Porte Maillot – Paris 17th
• The notaries will give anonymous and free legal consultations at the stand of the Interdepartmental Room of the Notaries of Paris.
Real Estate Show of Paris
Friday September 28 to Sunday September 30, 2007
Espace Champerret – Paris 17th
• The notaries will give anonymous and free legal consultations at the stand of the Interdepartmental Room of the Notaries of Paris.
Wednesday January 31 to Friday February 2, 2007
Palais des Congrès – Porte Maillot – Paris 17th
Thursday March 29 to Saturday March 31, 2007
Porte de Versailles – Paris 15th
France’s Louvre Draws Fire for Overseas Plans
Abu Dhabi to Sign 500-Million-Euro for Right to Use Louvre’s Brand Name, Expertise, Artwork
By Emma Charlton
The head of the Paris Louvre was forced on Monday to fight off accusations that France’s most prestigious museum is "selling its soul" by agreeing to loan out its prized collections overseas.
At the core of the row is a project to create a satellite of the Louvre in the United Arab Emirates capital Abu Dhabi, to be built by 2012 on Saadiyat Island, the future site of a multi-billion dollar tourist resort.
For the right to use the Louvre’s brand name, expertise and artwork, Abu Dhabi is reportedly poised to sign a 500-million-euro (650-million-dollar) contract with the French government in the coming weeks.
For some in France, alarmed to see their treasured heritage leaving the country following a string of overseas tie-ups by major French museums, the glitzy Abu Dhabi project was the last straw.
Under the title, "Museums are not for sale", three art world heavyweights including Francoise Cachin, head of France’s national museum council, set the ball rolling with a fiery article in Le Monde newspaper last month.
By Monday, some 1,400 people including dozens of museum directors, curators and art historians had signed an online petition supporting the text, according to the French website La Tribune de L’Art (http://www.latribunedelart.com).
"Works belonging to our heritage are not consumer goods," the article read, dismissing the Abu Dhabi project as a gimmick for rich property developers that would deprive the Louvre’s 7.3 million annual visitors in Paris.
The article also slammed the decision to loan out works, including by the 17th-century French painter Nicolas Poussin and the Italian Renaissance artist Raphael, as part of a three-year partnership between the Louvre and the US city of Atlanta — "the rich city of Coca-Cola".
But the real bone of contention is the Abu Dhabi Louvre, one of five museums to be built on Saadiyat island, a vast complex of 29 luxury hotels, two golf courses, three marinas and thousands of private villas, set for completion in 2018.
One museum will be a branch of New York’s Guggenheim, which already operates five annexes, from Venice to Las Vegas, while the others will be a national museum, and maritime and Islamic arts museums.
The French government — which manages all of France’s national museums — has reportedly agreed to supply a series of complete exhibitions, drawn from the Louvre and other French museums, until the UAE has established its own collection, on which it plans to spend 1.5 billion dollars.
"Our political leaders went to offer up this royal and diplomatic gift — in exchange for close to one billion euros. Does that not amount to ‘selling one’s soul’?" the article asked.
The petitioners, who suspect the government of merely seeking to further French trade interests with Abu Dhabi, urged it to "stop treating French museums, and the Louvre in particular, as a reservoir of works that can be used for political, financial or financial ends."
But the Louvre’s director Henri Loyrette defended the museum’s overseas strategy on Monday, saying it could not afford to be left behind as other museums become increasingly global in outlook.
In addition to the Guggenheim, both the British Museum and London’s Victoria and Albert Museum have created tie-ups with museums in China, and more and more French museums are following suit.
Paris’s Pompidou centre contemporary art museum is to open an annex in Shanghai in the next few years, and the Rodin Museum is reported to be planning a branch in the Brazilian city of Salvador.
"I can’t see what all the fuss is about," Loyrette said. "Money is important, but that is not what drives our actions."
He also insisted the Louvre did not take fees for lending out individual works — despite the costs of doing so — and only accepted money in certain cases when it is supplying a complete exhibition to an outside museum.
In the case of the Louvre Atlanta project, he
said the loan fees of 5.5 million euros would be us
ed to renovate the Louvre’s decorative arts galleries.
French Property Exhibition
Vive La France
January 19-21, 2007
THE UK’S NO.1 FOR BUYING IN FRANCE
French Property News are once again holding a French property exhibition at "Vive La France" – a celebration of all things French.
Ticket Prices: £8 in advance, £12 on the door
Tickets available from : 0870 013 0730 or visit http://www.vivelafrance.co.uk
Over 175 exhibitors – Estate Agents, Builders, Developers, Architects plus financial and legal advice.
Property Consultation, Search and Relocation Solutions
Let French Property Insider expert property consultants find your dream home in France for you. We consult with you to help you make the best decisions, ferret out the finest properties to meet your criteria, schedule the visits and accompany you, negotiate with the agencies and owners, recommend the Notaires and other professionals, schedule the signings and oversee the purchase with you from start to finish! You could never do it so easily on your own. Let us take the time and effort off your hands.
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TODAY’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:
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.
Parler Paris Après-Midi
NEXT MEETING: February 13, 2007 AND EVERY SECOND TUESDAY OF THE MONTH, 3 p.m. to 5 p.m.
This is your opportunity to meet every month, often with local
professionals who can answer your Working and Living in France questions. You are invited to come for drinks and share your questions and comments about what it takes to create a life here, own property and enjoy what France has to offer. It is also an opportunity to network with other Parler Paris readers.
Upstairs at La Pierre du Marais
96, rue des Archives at the corner of rue de Bretagne, 75003 Paris
Métro Lines 9, 3 et 11, stations Temple, République or Arts et Métiers
HOT PROPERTY PICKS: Top 3 Places to Purchase Property in France — Brittany, Languedoc-Roussillon, Limousin
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
*** Brittany, Seaside House, approx. 180m²
A lovely coastal location, not far from Cap Frehel and the lovely beaches of the Pink Granite coast, this newly renovated detached tone ‘longere’ offers 180m² habitable space with a conservatory, large living room, new fully equipped kitchen, a bathroom with toilet, and a corridor with storage cupboards. Upstairs there are 5 bedrooms and a bathroom with a toilet. The property has 2200m² of enclosed private gardens with a wooden chalet.
Asking Price: 407,000 euros + 2.5% Finder’s Fee
*** Languedoc-Roussillon, Carcassonne, Villa, approx. 150m²
Splendid villa set in a large wooded garden and offering a stunning view over the Pyrenées mountains. The property is in very good condition and has a hall, fully equipped kitchen, living room, 4 bedrooms, a bathroom and separate toilet. Electrical heating. Garage. Only 5 minutes from the city of Carcassonne, and 15 minutes from Carcassonne airport.
Asking Price: 450,000 euros + 2.5% Finder’s Fee
*** Limousin, Haute-Vienne, Stone Country House, approx. 150m²
A recently restored mid-19th century stone country house situated 1 km from shopping facilities, in a peaceful, rural area with lovely views. Includes an entrance hall, kitchen, dining room, salon, 4 bedrooms, bathroom, utility room, pantry. 1.96 hectares of garden and woodland and path leading to a river. Outbuildings: partly-restored barn, garage, bakehouse. 45 kms from Limoges and airport.
Asking Price: 288,900 euros + 2.5% Finder’s Fee
Next session: January 23 and 30, 2007 at 2 p.m.
Notaires de Paris
Place du Châtelet
12 avenue Victoria
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:
January 23, 2007
3 rooms, 76.3 m² + parking
72 rue de l’Eglise
75015 PARIS 15th
Opening Bid: 440,000 €
Deposit: 88,000 €
4 room duplex, 89.6 m² + parking
22 avenue de Lamballe and 27 rue Berton
75016 PARIS 16th
Opening Bid: 540,000 €
Deposit: 108,000 €
2 rooms, 26.5 m²
80 rue de Clignancourt
75018 PARIS 18th
Opening Bid:31,500 €
Deposit: 6,300 €
January 30, 2007
2 rooms, 21m²
65 rue de Rennes
75006 PARIS 6th
Opening Bid: 105,000 €
Deposit: 21,000 €
Studio 24 m²
65 rue de Rennes
75006 PARIS 6th
Opening Bid: 135,000 €
Deposit: 27,000 €
Studio 17.60 m²
30 rue du Bosquet
75007 PARIS 7th
Opening Bid: 85,000 €
Deposit: 17,000 €
LEASEBACK NEWS FROM IMOINVEST
France, French Alps, La Plagne 1800
One Bedroom 28m² to 56m² €171,000 to €325,000
Two Bedrooms 39m² to 66m² €244,000 to €381,000
Three Bedrooms 51m² to 92m² €337,000 to €493,000
Four Bedrooms or More 108m² €575,000
Guaranteed Buy to Let – Leaseback
GUARANTEED RENTAL INCOME UP TO: 3.80%
HIT THE JACUZZI, THE SAUNA OR THE SLOPES
In the heart of the Savoie Alps with fantastic views over Mont Blanc, located in La Plagne 1800 nestled within the alpine valley of the Tarentaise. Since 2003, La Plagne 1800 and the neighbouring resort of Les Arcs form Paradiski’s ski area. La Plagne lies at altitudes between 1250 meters and 3250 meters with over 10,000 hectares of ski area. The station boasts over 225 kilometres of slopes and an immense off-skiing area, with great spots like Bellecote’s North Face. La Plagne is a modern ski resort with 2 cable-cars (notably the Vanoise Express, which links La Plagne and Les Arcs, which was created in 2002 and travels at over 40 kilometres/hour, making it one of the fastest of its kind in the world), 8 gondolas and 36 chairlifts. La Plagne features 11 charming ski resorts all with ideal altitudes and calm forest environments. Activities in the area include Alpine skiing, Nordic skiing and Freestyle skiing in a 2.5 hectare snow park.
This 4 star Alpine residence is located in the heart of the Paradiski ski area facing the breathtaking Mont Blanc summit. Apartments will be divided between several authentic wooden chalets with local architecture and sophisticated interior decoration. The residence will include facilities such as, Sauna, Turkish bath, Jacuzzi and heated swimming pool, all the luxuries necessary for the ultimate Alpine experience! Located only 30m from the ski lifts, this wonderful residence is ideally located in the heart of the station.
Owners will leaseback their apartments to one of France’s most prominent management companies under a minimum 9 year commercial lease. The management company will then pay a guaranteed, indexed linked rental income directly to property owner and look after the property, taking care of operating charges and rental property consumption including water and electricity. This is a hassle free investment as well as a flexible investment opportunity giving the owner 3 different investment schemes to choose from and depending on the investment type and the commercial lease model chosen, owners have weeks where they may occupy their Alpine apartment for holiday stays. After dates are booked, owners may use their apartments with no further formalities. In addition, owners have attractive holiday solutions throughout various other residences serviced by the same management company throughout France, Spain, Portugal, Italy, Switzerland and Austria.
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 Adrian@AdrianLeeds.com
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HELPFUL CONVERSIONS FOR REAL ESTATE
1 square meter = 10.7639104 square feet
1 hectare = 2.4710538 acres
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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 understand your needs 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.
"Le Provençal" Studio
Located in a very charming and quiet 18th-century building in the heart of Le Marais, this sunny studio is perfect for one or two seeking ultimate Parisian calm, flavored with the beautiful colors of Provence.
Still available April 6th – 15th (departure April 16th) and April 26th – May 6th (departure May 7th)!
Pictures and more details available here: http://www.adrianleeds.com/parlerparis/apartments/rentals/provencal.html
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Copyright 2010, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com