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1. Completion of Construction Guarantee
(La garantie de livraison)
A French developer or construction company is
required by law to take out a completion guarantee
policy with a financial institution. This policy
ensures that construction of the French property will
be completed in the event of the developer or
construction company going bankrupt.
2. Perfect Completion Guarantee
(La garantie de parfait achèvement)
Valid for one year from the key handover, this
guarantee covers any faults or defects noted on the
snagging list (procès-verbal) drawn up at the
time of the key handover with the French developer.
It also covers any subsequent faults notified within
the first year of taking possession of the property.
These must be notified to the developer by recorded
delivery letter. A timescale is agreed with the
developer for the completion of any snagging.
3. Two Year Fixtures and Fittings Guarantee
(La garantie de bon fonctionnement)
Valid for two years with effect from the key
handover, this guarantee covers any defects that
become apparent with the fixtures and fittings within
the French property, such as radiators, carpets,
doors and windows. It does not cover any damage to
fixtures and fittings resulting from general wear and
tear. To implement this guarantee you need to send
the developer a recorded delivery letter.
4. Ten Year Structural Guarantee
(La garantie décennale)
The construction of a property in France is
guaranteed for ten years effective from the key
handover. The guarantee covers any disorder that
compromises the structural solidity of the property,
rendering it unfit for its intended purpose, namely
habitation.
Buying off
plan guide
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