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Law No. 2014-366 of March 24, 2014 for access to housing and renovated town planning, known as the ALUR law , has considerably increased the list of documents to be attached to the promise of sale or, in the absence of a promise, to the deed of sale of co-ownership lots located in a building totally or partially for residential use. Your Nice lawyer will explain to you all the new features resulting from this law.
Increased document requirements
The praiseworthy concern of the legislator to better inform the purchaser, however, leads the Notary to more work and research since not only must he inquire about the communication of the co-ownership regulations and the descriptive state of division but also from now on their modification . published in the real estate file.
This obliges the Notary to request a mortgage statement from the land registry services in order to verify the number and request a copy.
The ALUR law imposes the notification of these documents with the promise to run the seven-day withdrawal period enjoyed by the non-professional purchaser of a lot for residential use or mixed use.
Failing this, the period only runs when all the documents have been communicated to the buyer.
Extended waiting period for the buyer
It is certainly possible to regularize the promise before having obtained all the necessary documents by having the purchaser recognize that he is informed of it and that he accepts it, but this is a risk that very few notaries will take. .
Individuals must therefore get used to waiting a few more weeks before being able to conclude a sales agreement.
Sellers are now left in the dark longer until the buyer’s right of withdrawal is served.
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