Rory Ramsden – Luxury French Property Finder & Buyer's Agent in south west France
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What is a Compromis de Vente in France?

Once you’ve found your dream home in France and agreed a price, it’s almost time for those champagne corks to start popping! But before that, there’s a little more to do – we’re talking about the legal transfer of the property from the seller to the buyer which involves paying a deposit (usually at least 10%) and (usually) two sets of paperwork.

Key Takeaways:

  • The compromis, as the name suggests, is a legally binding promise between the buyer and seller, generally known in the UK as the Initial Contract. It will contain almost all of the information that will be in the later Acte de Vente (in the UK known as the Deed of Sale or Final Contract).
  • The details of the status of both buyer and seller – full names, dates and places of birth, marriage and divorce if applicable
  • A description of the property including plot references (called cadastrales in France), land area including the buildings and a map showing the land and buildings

“The compromis, as the name suggests, is a legally binding promise between the buyer and seller, generally known in the UK as the Initial Contract.”

http://www.thegoodlifefrance.com/what-is-a-compromis-de-vente-in-france/

About the Author Rory

Rory Ramsden is a French property finder and buyer's agent working for high net worth private clients wishing to buy a chateau, manor or vineyard in the south west of France. He has lived in France for 8 years after spending time travelling the world on business.

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