Health Crisis and Real Estate: Two New Legal Texts

The ongoing health crisis has significantly impacted various sectors, including the French real estate market. Recently, two important legal texts have been published, providing new guidelines and measures for both property owners and tenants.

1. Ordonnance n° 2020-1502

On 2 December 2020, the French government published Ordonnance n° 2020-1502, extending the deadline for certain real estate transactions and procedures.

Major Points

- Extension of deadlines: The deadline for completing real estate transactions, such as sales and leases, has been extended by an additional three months. - New time limits: The time limit for legal actions related to real estate has been extended by two months, preventing any claim from becoming time-barred.

2. Décret n° 2020-1552

On 14 December 2020, Décret n° 2020-1552 established new rules for property viewings and access to common areas in residential buildings.

Key Changes

- Property viewings: In-person property viewings are now allowed, provided all parties wear masks and maintain social distancing. - Common areas: Access to common areas, such as elevators and laundry rooms, is permitted for maintenance purposes, but tenants must be informed in advance.

Impact on the Real Estate Market

These new legal texts aim to strike a balance between protecting the health of all individuals and ensuring that the real estate market continues to operate smoothly. By extending deadlines and allowing property viewings, both buyers and sellers can benefit from increased flexibility.

Seeking Legal Advice

In these uncertain times, it's crucial for property owners and tenants to stay informed of changing regulations. Consulting with a legal expert can help you navigate the complexities of real estate laws and ensure your interests are protected.

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Stay informed on the latest legal texts and their impact on the real estate market by visiting our website regularly. Our team of experts is dedicated to keeping you up-to-date on all aspects of the real estate industry, from market trends to legal guidelines.