How to secure sales of commercial real estate in France ?
Selling a commercial real estate property in France can be an important step for any owner. However, for the sale to be successful, it is important to take certain precautions to avoid legal and financial problems in the future.
Checks to be made before selling
When considering selling a commercial real estate property in France, it is important to carry out certain checks to ensure compliance with all regulations in force. First of all, you must check the property titles and registered mortgages on the property. You must also check if the property is subject to charges or servitudes. If the commercial real estate property is sold through a real estate professional, you must verify if they have the necessary authorizations to sell real estate properties. You must also ensure that all necessary authorizations have been obtained for the use of the commercial real estate property, including environmental and health authorizations. In addition, it is important to verify if the commercial real estate property complies with all regulations in force in France. This includes zoning rules, accessibility rules for people with disabilities, and regulations related to commercial leases.
Knowing the rules on commercial real estate in France
It is important to understand the rules that apply to the sale of commercial real estate in France. There are several types of commercial real estate properties, such as offices, warehouses, commercial premises, industrial land, and storage units. When selling a commercial real estate property in France, it is important to take into account zoning rules. Some areas are reserved for commercial use, while others are reserved for industrial or residential use. It is therefore important to ensure that the commercial real estate property you plan to sell is located in an appropriate area for its intended use. In addition, it is important to understand the regulations related to commercial leases in France. If the commercial real estate property is leased to a commercial tenant, you must check the terms of the lease in force and ensure that the lease is transferable. It is also important to understand the rules related to commercial rents, rental charges, and the distribution of maintenance and repair work.
Hiring a lawyer
It is also recommended to hire a lawyer specialized in real estate law to help you throughout the sales process. A lawyer can help you understand the rules and regulations in force, prepare the necessary documents for the sale, and ensure a secure transaction. Finally, it is important to note that selling a commercial real estate property can be a long and complex process. It is therefore important to start the sales process early enough to avoid any last-minute emergencies. By taking the time to make the necessary checks and understand the rules and regulations in force, you can secure your sale of commercial real estate in France and make a transaction safely and confidently.
Conclusion
Selling a commercial real estate property in France can be a success, provided that you take the necessary precautions to avoid legal and financial problems in the future. Before selling a commercial real estate property, you must carry out certain checks to ensure compliance with all regulations in force. You must also understand the rules and regulations related to commercial real estate in France, including zoning rules and commercial lease rules. By following these tips, you can secure your sale of commercial real estate in France and make a transaction safely and confidently.
About the Author :
Business lawyers, bilingual, specialized in acquisition law; Benoit Lafourcade is co-founder of Delcade lawyers & solicitors and founder of FRELA; registered as agents in personal and professional real estate transactions. Member of AAMTI (main association of French lawyers and agents).
FRELA : French Real Estate Lawyer Agency, specializing in acquisition law to secure real estate and business transactions in France.
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