Terms of Engagement

Standard Terms of Engagement

French Property Ireland offer assistance on all Legal and Financial issues in relation to the purchase of properties in France. We will assist you in locating the ideal property and will bring you step by step through the purchasing process. In an effort to clarify the functions of this company and the various parties associated with the sale and purchase of properties in France the following matters are to be borne in mind by you, the prospective purchaser, and you shall be required to execute this document so as to confirm that you fully understand the role of French Property Ireland in the purchase of property in France;

1. Unlike other companies who assist purchasers in buying properties in France we do not charge a fee for our services. In addition, French Property Ireland do not request or hold any monies in respect of the purchase of the property in France as all monies to include deposit monies and the closing balance purchase monies are furnished by you directly to the Notary acting for the Developer/Vendor. It is common practice in France for the same Notary to act for the Developer/Vendor and for the purchaser. You can, however, appoint your own Notary to act for you in relation to the purchase of the property.
2. Under French law there is a "cooling off" period of seven days after receipt of the executed preliminary Sales Agreement by the Notary acting for the Developer/Vendor to allow you to withdraw from the purchase of the property. Once the seven day period has expired you are then obliged to complete the purchase subject to the terms of your contract with the Developer/Vendor.
3. In the unlikely event that you should have to rescind the Contract then French Property Ireland shall charge a processing fee of €1,000 for the work done by French Property Ireland to that date, if you wish us to act for you in recovering the deposit paid from the Vendor/Developers Notary. Please note that in the event of the Contracts being rescinded it may take up to six months to have the deposit refunded to the purchaser from the Vendor/Developers Notary.
4. French Property Ireland do not accept any responsibility for any translations from the French language to the English language which may be provided by the Developer/Vendor, Leaseback Management Company, Lending Institution or Mortgage Broker. It is a matter for you as the Purchaser to satisfy yourselves as to the accuracy of any translations provided by the Developer/Vendor and/or Leaseback Management Company, Lending Institution or Mortgage Broker.
5. French Property Ireland provide introductions to French Property Tax Advisors to enable you to obtain independent advice in respect of any taxes which shall be due on the purchase and ,if applicable,the subsequent rental of the property in France including the Land Tax or Property Tax, Dwelling Tax, Income Tax, Capital Gains Tax and Inheritance Tax.
6. French Property Ireland acts as a Promotions Company in respect of the sale and management of properties in France.