Property Bump

The lease assumption allows a tenant to become owner of the property after a certain period of occupation under the contract.

This formula, which results from a contract covered by the Act of July 12, 1984, should not be confused with the obligation to propose to the lessor, in priority to its tenant, although intended for sale.

No contribution payable
Any building is concerned (old, new, renovated), provided it is a building used for residential or mixed use. The seller may be an individual or a company (public housing, for example). For small budgets, the advantage is that there is no contribution to make. Throughout the duration of the tenancy, the tenant pays a fee that includes the rent itself, and a monthly installment on housing prices. The revision of the fee may be greater than the variation of the index quarterly INSEE cost of construction. At the time of sale, the tenant pays the price of housing set in the original contract, less payments made throughout the duration of the lease.

A reservation
Before the final contract, the seller and the tenant sign a reservation contract. The tenant then pays 5% of the amount of housing. This deposit is paid into a special account and can not be transferred or referred to the signing of the contract. These funds will be returned to the tenant if the sale is not successful. Otherwise, it will be repaid on the first charge. The lease assumption must be signed by a notary within three months of the reservation (or two months after the completion of the building if it is under construction). Three months before the time fixed for the sale, the purchaser receives a proposal to purchase housing and in two months, a draft final sale. If he refuses to exercise the option, it has three months to vacate the premises. The seller must refund the sum of the savings portion of his payments but he can get the compensation payments. Conversely, if the seller refuses to sell, he must repay the installments and pay an indemnity equal to the maximum 3% of the price of housing.

NAMELY
This contract may be financed through a social lending, housing type changing social (our September issue), which allows 100% financing. For programs that correspond to that status, check with your landlord, or the CAF of the ADIL.

Almost nowhere as many families have home ownership, as in Germany. When you first play with the idea to purchase a private home, we come quickly to the question: “Let us build us a new house or should we rather buy one?” The house purchase is no less complicated than building, as least in the cases are on offer to guests who are on the customer’s needs individually tailored and fulfill his wishes for future planning.

To be sold houses can be found in the local newspaper in the advertising section, of course, the Internet or through a broker. The newspapers have a periodic property market, in addition to the houses and condominiums and commercial properties for rent or purchase are offered. The selection is huge, and it is in these homes, in some cases contact the seller directly to a suitable appointment for viewing.Because some private providers have replaced their ads but the contact information by a code number, the contact via the display editor of the newspaper is produced. The broker is an authorized intermediary for the buyer or seller, photos and data to the object ready and present at viewings is to answer questions.Of course, the broker provides its services into account. Normally, the fee paid for the property buyers, which is called brokerage, which means something like sequence commission.

What must be done at the house for?
is equal to what a way Appointment achieved, one should not lose even during the tour of the property’s needs and its budget from the eyes. The answer to the question of whether a conversion of their own dream home in this house possible argues that fundamental to the decision. The seller presents his house, of course, the best, but especially for used homes often repair or renovations are required to be taken into account with. In addition, the financing must be secured if one looks at a house. May be found again expect the desired object already in the early days and now needs to decide quickly because other interested parties would like to buy this house.

The advantage of buying a house opposite the construction of a new house is obvious. The house is already built, and may also be used without renovation. The disadvantage is that there are few if any in the house without modification of individual housing requirements already implemented.

The list of vulnerable real estate is increasing at larger scale. the property fund of U.S. banks threatened by a dramatic loss of value. But German banks are like the German bank are affected. The reason: in the U.S. is losing enormous commercial value. Upon the failure of the tenant or insolvent will decrease the revenues for the corresponding property . High prices are through the Wirschaftskrise and numerous bankruptcies in the economy no longer to achieve high occupancy rates scratch.

The rents for Bürogenbäude, factories and homes are under pressure. In many cases up to 50% of the rents paid to achieve 2007th The funds of the investment banks have been addressed very speculative impact is especially problematic. Homes were at up to 90% or more purchased on credit. The bubble began to rising rents and property prices. Now bringing vacancy rates and falling rents, the refinancing of loans in finazielle difficulties. Many banks, including German are by the failure of payments forced to high depreciation.

what extent the failure to adopt the long term remains to be seen, but a U.S. Congress Committee believes that almost half of the loans, 700 billion U.S. dollars are bad. This means the borrower owes more money than their property is worth. More negative headlines are not ruled out the consequences for the economy would be fatal: 40 percent of U.S. banks could threaten the bankruptcy, what really new in the financial markets could trigger Turobolenzen again.

With the calm found on the rental market seen since the fall of 2008, rents have almost stagnated in 2009 (+0.1%). In early 2010, the market confirms its fragility and rising rents will be low (0.6%, to 12 euros per m2 on average). This is one of the main findings of the annual review of the observatory Clamor, published yesterday.

Overall, this small increase in rents for almost all types of accommodations, but not all regions: pace of progress is indeed stronger in Rhone-Alpes (+1.1%), in PACA (+1.2%), Ile-de-France (+1.5%, 17.4 euros per m2 ), Languedoc-Roussillon (2%), Britain (+2.3%) and especially in Auvergne (4.1%, to 9.2 euros per m2).

The observatory also slowing down increases rents if the stand: + 2.8% since the start of 2010, against 6% in 2009 and 5.6% on average since 1998. Since the beginning of the year, 35.4% of the relocations have benefited from the work of upgrading housing, against 23.2% in 2008 and 27.6% on average since 1998.

If you rent a new apartment, you must calculate the cost for a deposit, even though its is not legally obliged to make a payment. If the sum specified in the lease, they can be paid in installments, despite contrary agreement. For this purpose, according to legislators tenants have up to three months. Upon termination of tenancy, the deposit may be recovered in full. However, this applies only if no claims to the property owner have been eliminated.

The purpose of the deposit payment is the financial security for the landlord. If when the tenant still claims to be open, a part or the whole sum may be withheld. The deposit must be recorded in the lease. the new tenant refuses to pay, the sum to be fought in court. The lease itself may however not be terminated without notice. An increase in rent for missing deposit payment is not allowed.

The deposit itself is not the property of the landlord. Therefore, the legislature insists on the payment into a separate account. The resulting rates should have dropped at the end of the lease also to the tenant. During the contract period, the tenant may at any time inquire about the amount and location of the deposit. If it comes to termination, the landlord has time to verify his claims. There is no deadline for repayment of the deposit it. Outstanding receivables for example in the operating costs, failure to repair or damage caused to the property.