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Real-estate in France: condominium

Real-estate in France: condominium

You can consider a condominium whenever a building is divided among different owners. The property of each unit is a “lot”, each lot comprising a private part and a share of common area. The operating rules of the condominium are determined by the building regulations.

The regulation of condominium is defined by the law of the 10th July 1965 and by the Decree of the 17th of March 1967 amended.

An apartment, a cellar, a parking lot are joint property units that can be bought or sold.

There are also lots of the common parts, such as terraces or gardens, which are under private enjoyment regime. This exclusive enjoyment does not change the legal status of these common parts burdened with a private enjoyment in favor of an individual. Despite their private character, these stays common parts, only the right of use is private, and it is linked with the condominium lot to which it is attached. This right of use has a character “real and perpetual”. It is supposed to last as long as the private plot to which it is attached. It is bought and transmitted with it and it cannot be sold separately.

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