French real estate has experienced change since the adoption of the law for Access to Housing and Renovated Urban Planning (ALUR). This law and the changes it brings directly affect professionals in the sector, in particular the purchase and sale of real estate.
The ALUR law is primarily concerned with controlling rents in tight areas, since the government has put in place a system to introduce measures favorable to tenants by controlling rents. It also modifies the operation of condominiums. And it also oversees purchase-sale transactions between property owners and buyers. All this with the aim of facilitating access to housing in these high voltage areas. In this article, we are interested in the aspect of the purchase and sale of real estate.
The ALUR law regulates the process from the documents to be provided during the sale. The seller must provide a long list of documents, in order to justify his personal situation as well as the situation of the property he decides to sell.
· The seller’s family record book and an extract from the birth certificate
A copy of his marriage certificate
· The title deed with the last tax notice received accompanied by the dimensions of the property for sale so that the potential buyer is well informed.
In the case of the sale of a property in joint ownership, the ALUR law has fixed a list of essential documents to be provided by the seller, in addition to those mentioned above. These are supporting documents relating to the organization of the building and the financial management of its resources. The seller must put in the hands of the buyer the internal regulations of the building, a plan which clearly explains the division of the premises, the modifications made, the minutes of the general meetings held during the last 3 years, and the notebook. building maintenance. The seller must also make available to the buyer the documents that explain the financial situation of the building and that give enough information such as: