French Leaseback Investments - The Purchase Process

The purchase process is a simple one.  Please view the stages below.

> Step 1: Reservation

Call us, or send me an email.   We  will advise availablity and place a 48hour reservation option on the apartment that suits your needs.

> Step 2: Deposit Payment

In order to confirm your reservation, you will need to pay a deposit* of the VAT incl. price of the property by bank transfer to the notary’s bank account within the 48 hour option period - you will be provided with these details. Once the bank transfer is made, fax or email the proof of transfer to our Principal's office to secure the reservation within our systems.

*Deposit amount varies according to new build or existing properties.  

> Step 3: Reservation Contracts

The reservation contracts will be filled in with the names you request and the ownership formula you have selected and sent to your home address via Fed Ex or next day delivery.  You will receive 4 copies in French, 1 copy in English and site, block and floor plans of the property.  You will be provided explanations where to sign and initial

> Step 4: Return of Contracts

You have 10 working days to return the reservation contracts back to our Partner's London office. Our Principal will then send the contracts to the notary for validation and once they are checked and approved you will be sent a counter-signed copy for your records. Upon receipt of this contract, you will have a 10-day cooling off period, as stipulated by French Law, during which time you may cancel.

> Step 5: Notification

 As stipulated in your reservation contract, you will pay for your property in staged payments.  The second staged payment (which could be one month to a year later depending on the property) will be requested by the notary who will also send you official sales contracts for signature along with several other documents that French law require you to sign at this stage.  You will have the option to sign by proxy and have documents certified in front of a notary public or to sign at the notary in person in France.  Once the notification paperwork is signed and completed it should be returned to the assigned Notary, with the second stage payment, and the Notary fees.

> Step 6: Subsequent staged payments

The notary will either request future staged payments upon the achievement of certain levels of construction or renovation if you are a cash buyer or will request the funds directly from your bank directly if you are buying with a mortgage.

> Step 7: Completion

The notary will send you a copy of the sales contracts for your records.  You will then be sent our Principal's Winter and Summer catalogues and an owners registration number from our Principal, which you will need to quote when either staying in your property or using your owners’ discount to stay at other of our partner's properties.  Should you have chosen an ownership formula with usage you will be sent a form every year asking you to select when you want to use your allocated weeks so that these may be reserved for you.  There will be a telephone number dedicated to new owners for all owner enquiries.