Property charges, land deficit, mortgage release, usury rate… we explain the practical real estate lexicon to you.
Allowance for length of detention
Tax system to reduce the amount of tax on plus-value carried out during the resale of a second home or rental accommodation (main residences are fully exempt). These reductions are applied progressively from the sixth year of ownership of the property and can lead to total exemption from taxation after 22 years for the tax at 19% and 30 years for social security contributions at 17.2%. .
Authentic act
Notarized document which testifies to the agreement of the parties involved in a transaction. A final deed of sale is necessarily an authentic deed (while a promise can be established privately, that is to say by the parties themselves). The notarial office is required to keep the original (called a “minute”) for one hundred years, but can issue copies to the signatories.
APPLE
A free urban land association allows a group of owners with the same interests to manage common property or have work carried out there. Its purpose includes in particular the conservation, restoration and enhancement of protected residential areas. Aful are very useful (and often encouraged by public authorities) in the context of architectural renovation operations carried out under the regime (…)
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2023-10-14 21:18:31
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