We're in the process of buying a house in France. 5 weeks after we signed the compromis de vente, the owner died. The notaire said he must complete the 'succession' before completing the sale.
The completion date set in the compromis was due to be next week. Last Friday the notaire announced that he couldn't complete the sale yet and didn't know when he could. However, with the permission of the heirs he proposed that we should put all monies on his account and move in, and he would complete sale later.
The house needs immediate, extensive work to live in it. (electrics, plumbing, drainage, windows, roof repairs, building work) and we'd intended to start work straight away.
So far I've had mixed advice. Some say 'why not' if the notaire is proposing this, others shout NO!
For me the risks seem to be that:
- something might come up in succession that could block or delay the sale for a long time even forever!
- the heirs may decide not to sell the house
My fear is that if I make improvements, the heirs could simply take the house back. Yes, they might be liable for a 20% penalty, but I don't fancy the legal legwork and timescale to try to recover this!. And as for the work I may have completed, they could simply say leave it as is or put back to how it was (at my cost again).
As far as I can tell, the heirs could throw us out at any time before the transaction is completed.
I'm happy to wait a reasonable amount if time for the sale to complete properly. I've been told that French succession laws limit the time for the succession to take place to 6 months from the date of death. Is this correct?
There doesn't seem to be a clause in the Compromis that covers our case, but it cannot be unique. What are our rights under the law. As the heirs and notaire are unable to complete as stated in the contract, do I have a right to cancel the compromis without penalty?
My costs are rising. We're going to have storage and rental costs that weren't planned. I not suggesting asking for compensation and in the short term its not an issue, in the longer term it is, as we are spending our wealth that we hadn't planned to spend.
Can anybody provide any advice?
Many thanks.
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