The tenancy agreement in France is formally called a contrat de location but more commonly is called a bail. French law does recognize a verbal tenancy agreement so be careful what you say to prospective tenants. In the case of a verbal tenancy agreement, the courts only recognize the bare minimum of clauses. A clear and concise, written agreement is always preferable. (more…)
French law provides a great deal of protection to tenants from eviction, so select your tenants carefully. (more…)
You have two options when it comes to finding a tenant, advertise the property yourself or hire a professional. As a foreign investor, hiring a professional is the easiest solution. (more…)
French lets typically come in two types. The long term, unfurnished let and the short term, furnished let. Each type of let will come with its own unique type of renter. (more…)
In France, a landlord can protect their rental income by taking out an insurance policy against non-payment of rent. This insurance is called l’assurance loyers impayes. The cost of the policy is generally between 3% and 5% of the rent amount and will not cover the first months rent. Some rent policies also cover the cost of legal proceedings against a tenant who is not paying, but this feature may cost extra. Additional options may include coverage for the loss of rent if the property is vacant, damage to the property by a tenant, and coverage in the event the tenant should die. The expense of rent insurance is tax deductible. (more…)
A buy-to-let property in France is an investment which you intend to rent out to tenants. As with any real estate purchase, it pays to plan and be well informed. (more…)
The cost of purchasing a buy-to-let property may be far more than it appears at first sight. Initially, you will look at the purchase price, closing costs and fees, mortgage payments, and maintenance costs of a property. However, there are a few more things to consider. (more…)
