Traditionally one major difference between commercial property
transactions in France and Britain is that many more sales take
place by the purchase of the shares of the holding company rather
than the asset; however with the recent change in legislation the
taxation is similar in both types of transactions, whether for the
sale of leasehold or a freehold property.
Leases are also common in France whether through long leases similar
to the UK system 60 to 90 years - those can be granted by individuals
wishing to retain the leasehold interest or local administrations
who are not in a position to sell the land. Indexation can be yearly
based on consumption indices. Similarly leases are signed for a
9 year period, where the landlord is bound for a full period and
then obliged to renew the lease (as the tenant acquires commercial
rights) but where tenants usually benefit from a break period every
3 years.
However, France is a vast country with many different lifestyles
and those who are prepared to understand the local culture will
be regarded for their efforts.
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