French Notaires have recently demonstrated remarkable innovation by using online property auctions to offload properties quickly, with one going a step further and using an alternative and seldom-used mechanism.
The tenants of a building in Essonne whose facade’s brickwork crumbled last year have been exempted from paying rent until full restoration is completed. This is not the first case of such a measure in the face of unsuitable living conditions.
The law in France that requires borrowers to have their main account with their mortgage lender for the duration of the loan – the domiciliation de revenu – is to be watered down from January 1 in the interest of consumers.
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