The time frame to decide whether to go forward with buying a property in France after signing a promesse de vente, or preliminary contract, has been extended from 7 to 10 days under the Loi Macron. As of August 8th, residential real estate buyers in France will have 10 days after signing the initial purchase agreement to […]

A compromis de vente is a mutual obligation of the buyer (to buy) and the seller (to sell). Literally translating as “a promise to sell,” the promesse de vente is a unilateral obligation to sell. There are two substantial drawbacks to a compromis de vente:

Whether the parties sign a compromis de vente or a promesse de vente, the preliminary contract will always contain the following terms: