How does the sales process work for a leaseback purchase in France?
After transferring a deposit to secure your preferred apartment, you will be issued with a reservation contract and commercial lease in French to sign and return. Both these documents will be countersigned and a copy returned to you for your files. Your contracts will then be transferred to a French Notary who will provide you with the title deed and notification paperwork within a minimum of 2-3 months and a maximum of 5 months. Once you receive the notifications package your first step is to go to your local public notary* and sign the proxy/power of attorney. Your own solicitor/lawyer may have the authority to do this. Signing this in the presence of the public notary/your lawyer with your identification gives Power of Attorney to the French notary to sign for the title deeds on your behalf. This is necessary for the French notary so that everything will be processed correctly. All the documents in the notification package you receive must be signed and initialed. Full instructions
Related Questions
- Our company consumes fuel and electricity in our manufacturing process. What do we need to do in order to purchase our fuel and electricity without sales or use tax?
- How do I account for Sales / Purchase transactions of Excisable goods?
- How does the sales process work for a leaseback purchase in France?
