Real Estate terms
#1
Real Estate terms
Following up on a suggestion I have seen made several times in this forum, I have been looking at http://www.leboncoin.fr for rentals. While my french isn't great I can understand most of what is going on. What I am not sure of is the term Honoraires which I see in most postings. Is this some sort of one-time fee associated with renting an apartment/house?
Here is an example
Here is an example
#2
Lost in BE Cyberspace
Joined: Jan 2012
Location: Dépt 61
Posts: 5,254
Re: Real Estate terms
Following up on a suggestion I have seen made several times in this forum, I have been looking at http://www.leboncoin.fr for rentals. While my french isn't great I can understand most of what is going on. What I am not sure of is the term Honoraires which I see in most postings. Is this some sort of one-time fee associated with renting an apartment/house?
Here is an example
Here is an example
IIRC it's up to estate agents whether they charge fees and what level fees they charge, the law does not specify, all the law says is that whatever fees they decide to charge they have to display them prominently in their office and on all their advertising so that everybody is aware.
#4
BE Enthusiast
Joined: Feb 2011
Location: 42
Posts: 445
Re: Real Estate terms
The fee is a one-off, and usually around 7% of the annual rent and divided 50-50 between the letting agency and the owner of the property. In this case, the rent is "charges comprises" meaning there shouldn't be any hidden costs... and if my maths is right, 500€ is less than 7% of 7896€.
The fee is 'justified' (by the trade) because in exchange you get a lease, the various checks on lead pipes, asbestos etc are supposed to be seen to by the estate agent; they deal with the état des lieux which describes the condition (in detail, so be there when it takes place) of the property when you start renting and when you leave. Any damage will be paid for out of your "caution" or deposit which is held over until you leave. Beware, as this can lead to trouble. Don't forget you'll need insurance before being able to move in, and possibly a guarantor since you're 'foreign' (or rather they are, you presumably being British therefore not foreign).
Good luck
PB
The fee is 'justified' (by the trade) because in exchange you get a lease, the various checks on lead pipes, asbestos etc are supposed to be seen to by the estate agent; they deal with the état des lieux which describes the condition (in detail, so be there when it takes place) of the property when you start renting and when you leave. Any damage will be paid for out of your "caution" or deposit which is held over until you leave. Beware, as this can lead to trouble. Don't forget you'll need insurance before being able to move in, and possibly a guarantor since you're 'foreign' (or rather they are, you presumably being British therefore not foreign).
Good luck
PB
#5
Re: Real Estate terms
Thanks Peabrain,
I'll make sure to pay attention when we do the initial and final inspections. As it turns out my company requires we get renters insurance, so that bit will have to be taken care of.
BTW, being American I'm extra-foreign I guess .
Any advice on a company for renters insurance?
Chris
I'll make sure to pay attention when we do the initial and final inspections. As it turns out my company requires we get renters insurance, so that bit will have to be taken care of.
BTW, being American I'm extra-foreign I guess .
Any advice on a company for renters insurance?
Chris