Is the completion or signature of the “acte authentique” for a French property set at a fixed date?
A. Not really, a target date is set in the “compromis de vente” but should not be relied on in the early stages of the process to make travel arrangements etc … We advise our clients to wait until the process is well underway before asking to confirm that all is progressing according to plan to sign on the proposed date. The Notaires’ duty is primarily to the French State, they will not hesitate to delay proceedings if any legal issues have not been adequately resolved.
Related Questions
- As the property has to be paid for before completion is there any insurance in place in case the builder goes bust etc?
- Is the completion or signature of the "acte authentique" for a French property set at a fixed date?
- How can I compare the propertys rate of return to a fixed income security rate of return?
